duration Archives - Estate Law New York

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

Morgan Legal Group Team April 3, 2025

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!

Morgan Legal Group Team April 3, 2025

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.

Morgan Legal Group Team April 3, 2025

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.

Morgan Legal Group Team April 3, 2025

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.

Estate Law New York Team March 30, 2025

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.

Estate Law New York Team March 30, 2025

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.

Estate Law New York Team March 30, 2025

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.

Estate Law New York Team March 30, 2025

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.

Estate Law New York Team March 30, 2025

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.

Estate Law New York Team March 30, 2025

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.

Estate Law New York Team March 30, 2025

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.

Estate Law New York Team March 30, 2025

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.

Estate Law New York Team March 30, 2025

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.

Estate Law New York Team March 30, 2025

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.