Many New York residents have taken the time to create an estate plan. Estate plans are important for allocating your assets upon your death and to direct your financial and medical needs in the event that you become incapacitated. A letter of instruction is another...
Year: 2022
What are some other methods of long-term care planning?
Many New Yorkers might wish to try to qualify for Medicaid in order to pay for long-term care like a nursing home stay. Doing so will require some carefully planned giving and estate organization in order to be effective. For many other people in the city, this is...
What are the responsibilities of an executor?
The executor of a will has several important responsibilities when enforcing a New Yorker’s will and administering an estate. In cases where a person dies without a will, the appropriate Surrogate’s Court will appoint an administrator of the estate. Although this...
Understanding a will contest
Often, a will goes through the probate process and the estate is closed without issue. Sometimes, however, the beneficiaries of the will want to challenge it, known as a will contest. If the beneficiaries are unhappy with their share of the deceased person's assets,...