Vacation Joy or Inheritance Headache?
If you have had the good fortune of enjoying a vacation home or timeshare, good for you! Don’t be too quick to assume, however, that family or friends want to continue your tradition when you…
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Trust: Consider An Independent Fiduciary
Although estate planning can be complex in any family, lawyers find that large and blended families tend to face extra challenges. More people means there are likely to be more ideas and hopes about…
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Educational Goals and Family Trusts
Achieving educational goals can be life-changing—as is the gift of paid tuition! A trust can be a great way to gift education to family members. Unlike a will, a trust, overseen by a trustee, allows…
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Out of Trust?
Unlike wills, trusts do not pass through the public probate process—and therefore can protect a family’s privacy. Some families, however, end up with public conflicts even when a trust has been established. Take, for example,…
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Probate and Personal Representatives?
Every state has a probate process: legal steps through which property is transferred from the dead to the living. If there is a will, it is admitted to probate court to initiate the process. If…
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What You Need to Know About New York Surrogate’s Court Bonds
Individuals chosen to be fiduciaries, administrators, and executors within the Empire State are typically required to post a surety bond. Surrogate’s courts require fiduciaries to obtain such a bond to safeguard the interests and affairs of the…
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