Everyone who creates an estate plan is considering what assets that they want to pass on to their heirs when they die. However, many do not consider what happens to your debts when you pass away. Whether or not your loved ones will be responsible for your debts depends on your estate and the types […]
Deciding Domicile for an Estate: Residence versus Domicile
February 1, 2015 by Leave a Comment
The estate details of famous actress and comedienne Joan Rivers are largely unknown. The public is aware that she left her $150 million estate to her family, friends, employees, and charities but the provisions are largely unknown because they were placed into a blind trust. However, her will became public when it passed through probate, […]
Big Changes to New York State’s Estate Tax Laws – beware of the cliff!
April 3, 2014 by 1 Comment
As expected, the final New York State Budget legislation passed on March 31, 2014 and it includes the biggest changes to the estate tax laws in decades. Before the change, a decedent domiciled in New York State at the time of death whose estate exceeded one million dollars ($1,000,000) in value was subject to New York’s […]
How to Make a Claim Against the Estate of a New York Decedent
February 4, 2014 by Leave a Comment
In New York, the Executor or Administrator of an estate is obligated to address all claims presented within the prescribed time frame and in the form set forth by law. Failure to comply with the requirements
Probate Attorney Fees – How Much Does Probate Cost?
January 30, 2014 by Leave a Comment
When meeting with prospective probate / administration clients, the most often asked question is “how much are the legal fees going to be?” Of course, the answer depends upon the facts of the case and how complicated the required legal work is. Also, the fee depends on