Category Archives: Wills & Probate
Leaving Property to “All My Children” is Not so Simple
As a parent, a major reason you should make a will is to ensure that your children are provided for — whether they are minors or adults at the time of your passing. However, leaving property to your children is not as simple as it may appear. Careful attention must be paid to the wording […]
Using Living Trusts to Avoid or Minimize Probate
Anyone who owns a real estate, has substantial bank accounts and investments or possesses other valuable property needs to consider the possibility that these assets will go into probate — the legal process that decides how a decedent’s estate will be distributed at death. Probate can be expensive, time-consuming and prone to complications. Fortunately, there […]
How Does the New York Probate Process Work?
What happens to your property when you die? If you have a will, your estate may have to go through probate: the legal process for distributing your assets, disposing of your debts and carrying out your final instructions. In the state of New York, the probate process takes place in Surrogate’s Court, usually in the […]