11 results for tag: Estate Planning


Trust and Estate Litigation

February 14, 2019 , , , ,

Do you need a trust and estate litigation attorney? Contact Susan G. Parker, Esq. PC at (914) 923-1600 for a consultation.

Estate Planning Attorney Near Me

January 15, 2019 , , , ,

Have you been asking, “Where can I find an estate planning attorney near me?” Contact Susan G. Parker, Esq. PC at 901-923-1600 for help with estate planning.

Westchester County Estate Attorney

December 15, 2018 , , , ,

You want to get your estate in order, and you know you have two options. You can print some documents off the internet and try to do it yourself, or you can hire a Westchester County estate attorney. Unless you are well-versed in estate planning law, it’s important to choose a Westchester County estate attorney. Your attorney will protect your interests and ensure the estate planning process goes smoothly. A Clear Understanding of State Laws Each state has its own set of laws that govern estates. Your Westchester County estate attorney has a full understanding of New York state laws, and you will benefit from that understanding. For ...

Do You Need a Trust Attorney?

November 15, 2018 , , , ,

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. Avoid Probate 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 ...

Why You Must Have a Will!

November 7, 2018 , , , ,

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 ...

What Happens if You Die Without a Will?

April 2, 2018 , , , ,

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 ...

Understanding Probate: And How to Avoid It

January 31, 2017 , , , ,

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 ...

2017 retirement plan contribution limits

December 21, 2016 , , , ,

Elective Contributions to IRAs, 401(k)s and Other Qualified Plans On October 27, 2016, the IRS announced the new 2017 limits for IRA, pension and other contributions.  For the most part, the limits remain unchanged from 2016 because there was not a sufficient rise in the cost-of-living index, which is needed to trigger an increase. The maximum limit for contributions to IRA’s remains unchanged at $5,500 for 2017. If you are age 50 or older, you can contribute a maximum of $6,500 to an IRA for 2017, unchanged from 2016. You can make contributions to your IRA for tax year 2016 up until April 15, 2017. Elective deferral (contribution) ...

Trust this Attorney in Westchester County for Your Family’s Trust

November 5, 2014 , , , ,

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 ...

Title, Not Possession, Is 9/10ths of the Law

November 5, 2014 ,

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 ...