7 results for tag: Estate Planning
November 15, 2018
attorney, Business Agreements Attorney, Business Agreements Lawyer, Estate Lawyer, Estate Planning, Estate Planning Attorney, Estate Planning Lawyer, Health Care Proxy, Medicaid planning, Power of Attorney, Probate Attorney, Probate Lawyer, trust, Trust and Estate Attorney, Trust and Estate Lawyer, trust attorney, trust attorney Armonk, trust attorney Briarcliff, trust attorney Katonah, trust attorney Somers, Trusts Attorney, Wills, Wills Attorney, Wills Lawyer
Estate planning is an important part of getting your affairs in order. During the estate planning process, you’ll need to decide if you want a will or trust. Look at some reasons why you might need a living trust. Then, you can hire a trust attorney to handle it for you.
Many people turn to an Armonk trust attorney to set up a living trust so they can avoid probate. If you have a will, it will have to go through probate, and that can take months or, in some cases, years. On the other hand, your assets can be distributed in weeks if you use a trust. Your trust attorney will set it up so the trustee pays your debts and distributes the ...
November 7, 2018
Business Agreements Attorney, Business Agreements Lawyer, Elder Law, Estate Planning, Estate Planning Attorney, GOP Tax Plan, Health Care Proxy, Medicaid planning, Personal Income Taxes, Power of Attorney, Probate, Probate Lawyer, Property Law, Trusts, Will Attorney Briarcliff Manor, Will Attorney Westchester County, Will Attorney Westchester NY, Wills, Wills Attorney, Wills Lawyer
Time and again, I see clients feel great relief when they write a will. They have chosen the executor who will take charge of their estate, named a guardian to care for young children (if needed) and selected a trustee to manage a trust they create – to protect assets or avoid probate. Things feel settled. That difficult task is done. Phew. It’s not too late to give yourself this gift. Contact us today to have this off your “to-do” list by the holidays.
You absolutely need a will if you want to provide for your significant other, best friend or favorite aunt. Otherwise, they will only inherit if they are named as an account ...
April 2, 2018
Business Agreements Attorney, Business Agreements Lawyer, Estate Lawyer, Estate Planning, Estate Planning Attorney, Estate Planning Lawyer, Health Care Proxy, Medicaid planning, Power of Attorney, Probate Attorney, Probate Lawyer, Trust and Estate Attorney, Trust and Estate Lawyer, Trusts Attorney, Will Attorney, Will Attorney Briarcliff, Will Attorney Briarcliff Manor, Will attorney Ossining, Will Attorney Pleasantville, Will Attorney Westchester County, Will Attorney Westchester NY, Wills, Wills Attorney, Wills Lawyer
When you ask what will happen when you die, it’s not just an existential question. You want to know what will happen if you die without a will. There’s a myth that the government will take your assets, but that’s not true. Instead, your assets will be distributed to your heirs based on the laws of intestacy. To put it simply, your relatives will inherit your assets if you don’t get help from a will attorney. Fortunately, the law firm of Susan G. Parker, Esq. PC can help. Susan G. Parker offers estate planning services in Westchester County, including Briarcliff and the surrounding areas.
In the meantime, though, it’s a good idea to find ...
January 31, 2017
Estate Planning, Financial Planning, Probate, Retirement, Taxes, Trusts, Wills
Here is some more information about probate: Understanding Probate
What is Probate?
Probate is the legal process of petitioning the court to declare that a will is valid and appointing an executor to oversee the estate. The executor is the person chosen to carry out the wishes of the decedent. And the will provides instructions for what’s to be done.
Probate assets are typically assets titled in the decedent’s name alone. Common examples include:
Personal property such as furnishings, jewelry and collections.
Bank accounts or deeds to real estate, in the decedent’s name alone.
An interest in a business.
A life ...
November 5, 2014
Elder Law, Estate Planning, Financial Planning, Inheritance, Trusts
The trust document spells out the rules of the road on how the property is to be held, managed and distributed. A trust document is also called a trust agreement, declaration of trust or a trust instrument.
InterVivos or Testamentary/ Revocable or Not
Trusts that are created under a will and do not come into being until you die, are referred to as “testamentary trusts.” Trusts created to be operative during your life, are called “inter vivos trusts.” These can be “revocable” or “irrevocable.”
With a “revocable” or “living trust,” the person who creates the trust has full control to reap benefits of the trust and has ...
November 5, 2014
Estate Planning, Financial Planning
But when it comes to “legal” ownership of property and assets, the law often spells out who owns what. It’s important to follow the rules to protect your rights, because for many things, possession isn’t 9/10ths of the law.
Let’s look at some common examples:
JOINTLY HELD REAL ESTATE
Two sweethearts, Jane and John, pool their funds and buy a condo. They put Jane’s name on the deed (e.g. legal title) to avoid problems with potential business creditors of John. When Jane’s name is on the deed, she is the owner for legal purposes. She is legally responsible to pay real estate taxes and condo fees. In fact, both Jane and John share ...
November 5, 2014
Estate Planning, Financial Planning, Property Law, Retirement, Taxes
As more and more people migrate their banking, purchases and private activities online, we become ripe for the taking by the unscrupulous. How can this impact my mother? Well let’s just follow yesterday’s headlines.
Over 6 million linked in passwords were posted online in China, for others to hack through. Why does it matter who can get to our linked in persona? Well it’s not to access our work history and resumes. It’s the value in a linked in password that is likely the same as the password we use for online banking and other valuable web venues.
If you’re like most people, you use the same few passwords for all of your online ...