FEATURES & NEWS

can i be held responsible for my parents debt

In the realm of personal finance, the question of whether children can be held responsible for their parents’ debts is a complex and often misunderstood topic. While many people assume that offspring are automatically liable for their parents’ financial obligations, the reality is much more nuanced. Let’s explore the intricacies of this issue and shed some light on the myths and facts surrounding the question: can you be held responsible for your parents’ debt

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where can i obtain a copy of the deed to my house
Estate Law New York

where can i obtain a copy of the deed to my house

When searching for the deed to your house, the quest may seem daunting. Fear not, as this vital document can be obtained from your local county recorder’s office or online through reputable land record websites. Keep calm and deed on!

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when is the will read after death
Estate Law New York

when is the will read after death

The reading of a will after death typically occurs shortly after the funeral, providing loved ones with important information regarding the deceased’s final wishes. While this can be a solemn and emotional moment, it is crucial for ensuring that the deceased’s wishes are carried out as intended.

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Why would a person want to set up a trust?
Estate Law New York

Why would a person want to set up a trust?

Setting up a trust allows individuals to protect and manage their assets for future generations, avoid probate, and maintain privacy. It provides a secure way to distribute assets according to one’s wishes and protect beneficiaries from creditors or irresponsible spending.

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selling a car with a tod title
Estate Law New York

selling a car with a tod title

Selling a car with a TOD title can be a straightforward process if you understand the necessary steps. From transferring ownership to navigating potential challenges, here’s what you need to know before selling your vehicle with a Transfer on Death title.

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frozen walt disney body
Estate Law New York

frozen walt disney body

Frozen in time, the rumor of Walt Disney’s body being cryogenically frozen after his death continues to intrigue and mystify. Despite no concrete evidence, the legend persists, adding to the enigmatic legacy of the beloved entertainment mogul.

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who needs a death certificate
Estate Law New York

who needs a death certificate

A death certificate is a crucial document required for a variety of legal matters, from settling inheritances to closing bank accounts. It provides proof of a person’s passing and is necessary for anyone handling the affairs of the deceased.

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how to activate a springing power of attorney
Estate Law New York

how to activate a springing power of attorney

In order to activate a springing power of attorney, certain conditions must be met as outlined in the legal document. Understanding these requirements is essential for ensuring the power of attorney is properly executed when needed.

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is a time share an asset
Estate Law New York

is a time share an asset

Many people consider a time share to be an asset, providing opportunities for vacations and potential rental income. However, some argue that the maintenance fees and fluctuating market value make it a liability.

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when does a will go into probate
Estate Law New York

when does a will go into probate

When a loved one passes away, their will typically goes into probate. Probate is the legal process of validating a will and administering the deceased’s estate. It ensures that their wishes are fulfilled and their assets are distributed accordingly.

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funds trusts
Estate Law New York

funds trusts

Funds trusts are versatile investment vehicles that pool money from various investors to purchase securities. They provide diversification, professional management, and potential for growth.

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corrective deed example
Estate Law New York

corrective deed example

Imagine buying your dream home, only to find out there’s a mistake in the deed. Don’t worry – a corrective deed can help fix the error and protect your investment. Check out this example to see how it works.

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do i need a will or trust in New York
Estate Law New York

do i need a will or trust in New York

Navigating the world of estate planning can be daunting, especially in New York. Whether you need a will or a trust depends on your unique circumstances. Let’s explore the options to protect your assets and ensure your wishes are fulfilled.

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will property
Estate Law New York

will property

Will property is the legal document that determines who will inherit a person’s assets after their death. It ensures that the deceased’s wishes are carried out and can help prevent disputes among family members.

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what is a reasonable fee for a trustee
Estate Law New York

what is a reasonable fee for a trustee

Determining a reasonable fee for a trustee can be a complex process, taking into account factors such as the size of the trust, the responsibilities involved, and the expertise required. Understanding the value a trustee brings to the table is key when assessing appropriate compensation.

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deeds to land
Estate Law New York

deeds to land

Deeds to land have been used for centuries to establish ownership and transfer property. These legal documents provide a detailed history of the land, ensuring clear title for the current owner.

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power of attorney and wills
Estate Law New York

power of attorney and wills

Learn about the important legal documents that can protect your interests and wishes in times of need. Explore the power of attorney and wills to ensure your affairs are in order.

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how do i do a quitclaim deed
Estate Law New York

how do i do a quitclaim deed

A quitclaim deed is a legal document used to transfer interest in real estate. To create one, fill out the necessary information, sign in front of a notary, and file with the county clerk. Follow these steps and you’ll be one step closer to transferring ownership seamlessly.

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trustfund definition
Estate Law New York

trustfund definition

Trustfund definition refers to a financial arrangement where assets are held by a trustee for the benefit of a beneficiary. These funds are often set up to provide financial security or inheritance for loved ones.

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lawyers probate
Estate Law New York

lawyers probate

Lawyers specializing in probate play a crucial role in the legal process of administering an estate. From drafting wills to settling disputes, these legal professionals navigate the complexities of probate with precision and expertise.

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what is trustee of a trust
Estate Law New York

what is trustee of a trust

A trustee of a trust is like the guardian angel of your assets, guiding and managing them for the benefit of your beneficiaries. They hold the keys to your financial legacy, ensuring it is protected and grown for future generations.

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how to file a last will and testament
Estate Law New York

how to file a last will and testament

Filing a last will and testament is essential for ensuring your final wishes are carried out. Follow these simple steps to properly document and file your important legal document.

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difference between power of attorney and living will
Estate Law New York

difference between power of attorney and living will

Understanding the nuances between a power of attorney and a living will is crucial for ensuring your wishes are carried out in case of incapacity. Let’s delve into the distinct roles and benefits of each legal document.

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uncontested probate attorney
Estate Law New York

uncontested probate attorney

An uncontested probate attorney specializes in navigating the legal process of settling an estate with no disputes. Their expertise ensures a smooth and efficient resolution for all parties involved.

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how to get a name off a deed
Estate Law New York

how to get a name off a deed

Are you looking to remove a name from a property deed? Whether it’s due to a divorce, inheritance, or other reasons, it’s important to follow the proper steps to transfer ownership. Read on to learn how to navigate this process smoothly.

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recorded deed of trust
Estate Law New York

recorded deed of trust

The recorded deed of trust serves as a critical document in real estate transactions, providing a legal framework to protect the interests of both the lender and the borrower. This recorded agreement ensures transparency and security in property ownership.

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what is a testamentary affidavit
Estate Law New York

what is a testamentary affidavit

A testamentary affidavit is a legal document used to validate the authenticity of a deceased person’s will. It provides crucial information regarding the deceased’s wishes and ensures the proper distribution of their assets.

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difference between a will and a trust
Estate Law New York

difference between a will and a trust

A will is like a letter of intent for distributing assets after death, while a trust is like a carefully crafted puzzle that allows for more control over how assets are managed and distributed. Both tools have their own purposes and benefits, depending on your individual needs and preferences.

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