Many clients are fearful about their loved ones going through probate when they pass away. They may have heard horror stories about how complicated, expensive, or time consuming probate is. Whether your estate has to go through probate depends on which assets you own, how they are titled, and whether you have completed transfer on […]
National Senior Health & Fitness Day is being celebrated at a completely free fair on Wednesday, May 29, 2013 from 12-4 PM at the Akron-Newstead Senior Center, 5691 Cummings Road, Akron, NY. The goal of this health and fitness day is to promote the importance of regular physical activity and to improve the health and […]
A properly drawn will is the only way to be sure that your property at your death goes where you want it to go. By executing a will you may dispose of real and personal property at your death in the proportions and to the persons you wish; appoint competent and trustworthy executors, trustees and […]
Dying without a will may result in your estate going to someone you didn’t intend to receive it, unnecessary estate taxes, delays in settling the estate, added estate expenses and leaving your estate assets without proper management and protection. If you die without a will, New York State law makes the decision as to the […]
Q: My late father left his home to me in his will. However, the attorney for my father’s estate said my step-mother has rights to the house. How can this be possible? A: A common mistake in estate planning is the failure to realize that a will does not control the disposition of real estate […]
The Supreme Court revoked a Power of Attorney in which the AIP, while competent, had designated her adult daughter to serve as attorney-in-fact, due to the daughter’s self-dealing and breach of her fiduciary duty, but declined to revoke the Health Care Proxy in which the AIP designated her daughter to also serve as her health […]
Attorneys Robert Friedman and Michael Ranzenhofer were successful in having a power of attorney revoked. Our client’s mother, while competent, had designated her adult daughter to serve as her power of attorney and health care proxy. The daughter used her mother’s credit cards, automobile and bank accounts for her own personal use. A Mental Hygiene […]
You should review your will with your attorney every few years or when there is: A birth or adoption A change of residence The executor, guardian or trustee named in your will become unavailable You or your beneficiaries’ financial worth increases dramatically A change in your marital status or that of a family member A […]
Yes, you can disinherit your children but you cannot disinherit your spouse. Your spouse has a right to the greater of $50,000 or one-third of the value of your estate.