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what happens if you don’t have a will when you die
Estate Law New York

what happens if you don’t have a will when you die

When you pass away without a will, your assets may be distributed according to state laws, which may not align with your wishes. This can lead to disputes among family members and loved ones, causing unnecessary stress and complications during an already difficult time. It is important to create a will to ensure your estate is handled according to your wishes.

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what is a codicil in a will
Estate Law New York

what is a codicil in a will

A codicil in a will is a legal document used to make minor changes or additions to an existing will without completely rewriting it. It is a cost-effective and efficient way to update estate plans.

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generation skipping trust rules
Estate Law New York

generation skipping trust rules

Generation skipping trust rules allow individuals to transfer assets to their grandchildren or even later generations, bypassing their children. These trusts offer tax benefits and can help preserve wealth for future generations.

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can i do probate myself
Estate Law New York

can i do probate myself

Considering doing probate yourself? While it may seem manageable, the process can be complex and time-consuming. Make sure to weigh the pros and cons before deciding to tackle it alone.

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how much is a trustee fee
Estate Law New York

how much is a trustee fee

Ever wondered how much a trustee fee is? Trustees typically charge a percentage of the assets they manage, ranging from 0.5% to 2% per year. It’s important to understand the fees before appointing a trustee.

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executor of a trust duties
Estate Law New York

executor of a trust duties

Being an executor of a trust comes with a great deal of responsibility. From managing assets to distributing funds to beneficiaries, understanding and fulfilling these duties is crucial for ensuring the trust is properly executed.

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living will benefits
Estate Law New York

living will benefits

A living will offers peace of mind, knowing your wishes will be respected in difficult times. From medical decisions to end-of-life care, this document ensures your voice is heard when you can no longer speak.

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transfer title of vehicle after death
Estate Law New York

transfer title of vehicle after death

When a vehicle owner passes away, the process of transferring the title of the vehicle can be overwhelming. Understanding the necessary steps and requirements can help navigate this challenging time with ease.

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non-pro rata
Estate Law New York

non-pro rata

Non-pro rata can be a term that confuses many, but in simplest terms, it refers to a situation where not all parties receive an equal share or proportion of something. Understanding this concept is crucial in various industries such as finance and law.

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what is a joint revocable living trust
Estate Law New York

what is a joint revocable living trust

A joint revocable living trust is a legal document that allows a couple to combine their assets and manage them together while alive. It provides flexibility and protection for both parties.

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why do people say godspeed
Estate Law New York

why do people say godspeed

Have you ever wondered why people say “Godspeed” when wishing someone well on a journey? This age-old phrase dates back to the 15th century when it was used to invoke God’s protection and guidance. Let’s explore the origins and significance of this timeless expression.

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selling inherited property
Estate Law New York

selling inherited property

Selling inherited property can be a daunting task, filled with emotions and logistical challenges. Understanding the process and seeking professional guidance can help navigate this complex journey with ease.

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tryst and will
Estate Law New York

tryst and will

A tryst is a secret meeting between lovers, while will refers to determination or intention. Combining the two creates a powerful notion of meeting with purpose and resolve, a blend of passion and determination that can create profound connections.

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do you need lawyer for power of attorney
Estate Law New York

do you need lawyer for power of attorney

Navigating the legal waters of granting power of attorney can be confusing. Do you need a lawyer to help you? Let’s explore the benefits and drawbacks of seeking legal advice for this important decision.

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trust wills and estates
Estate Law New York

trust wills and estates

Trust wills and estates offer a secure way to ensure your assets are distributed according to your wishes after you pass away. By setting up a trust, you can have peace of mind knowing that your loved ones will be taken care of.

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what to wear to s funeral
Estate Law New York

what to wear to s funeral

When attending a funeral, choosing appropriate attire is important to show respect. Opt for somber colors like black, navy, or gray. Keep accessories minimal and avoid flashy or revealing clothing. Remember, it’s a time to pay respects, not make a fashion statement.

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estate sale planning
Estate Law New York

estate sale planning

Estate sale planning involves careful organization and consideration of personal possessions. From sentimental items to valuable collectibles, a well-thought-out plan ensures a smooth transition of assets.

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letter of executorship
Estate Law New York

letter of executorship

A letter of executorship is a legal document granting authority to an individual to carry out the terms of a deceased person’s will. It outlines the executor’s responsibilities and provides them with the necessary powers to handle the estate.

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how to avoid care home fees
Estate Law New York

how to avoid care home fees

Are you worried about the high costs of care home fees? Don’t fret! By planning ahead and exploring options such as setting up trusts, gifting assets, and purchasing long-term care insurance, you can take steps to protect your hard-earned savings. Let’s dive into some creative strategies to avoid the burden of care home fees.

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per capita or per stirpes
Estate Law New York

per capita or per stirpes

When it comes to distributing assets in a will, the terms “per capita” and “per stirpes” can make a big difference. Understanding the implications of each can ensure that your loved ones are taken care of according to your wishes.

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how to find deed of property
Estate Law New York

how to find deed of property

Lost the deed to your property? Don’t worry, we’ve got you covered. Follow our simple step-by-step guide to track down your property deed and get back on track with your paperwork in no time.

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partition lawsuit
Estate Law New York

partition lawsuit

A partition lawsuit can arise when co-owners of property disagree on its division. This legal action can help resolve disputes and ensure a fair outcome for all parties involved.

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what are typical attorney fees for probate
Estate Law New York

what are typical attorney fees for probate

Understanding the typical attorney fees for probate can help clients navigate the legal process with confidence. From hourly rates to flat fees, there are various pricing structures to consider when seeking legal assistance for probate matters.

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is a survivor’s trust revocable or irrevocable
Estate Law New York

is a survivor’s trust revocable or irrevocable

Many individuals wonder whether a survivor’s trust is revocable or irrevocable. Understanding the distinction between the two can help ensure that your assets are protected and distributed according to your wishes.

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which of the following is a legal life estate?
Estate Law New York

which of the following is a legal life estate?

A legal life estate is a type of ownership interest in real property that allows a person to live in or use a property for the duration of their life. This form of ownership ensures that the property will pass to a designated individual or entity upon the holder’s death.

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will preparation checklist
Estate Law New York

will preparation checklist

Prepare for the future by using a will preparation checklist. This handy tool ensures all your assets and wishes are in order, giving you peace of mind.

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formal will definition
Estate Law New York

formal will definition

A formal will is a legal document that specifies how a person’s assets should be distributed after their passing. It ensures that one’s final wishes are carried out with legal certainty and clarity.

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selling inherited home
Estate Law New York

selling inherited home

When it comes to selling an inherited home, there are several factors to consider. From navigating emotional ties to the property to understanding tax implications, it’s important to approach the process with care and diligence.

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offshore trust company
Estate Law New York

offshore trust company

Discover the world of offshore trust companies, where confidentiality and asset protection are paramount. Learn about the benefits and potential pitfalls of utilizing their services to safeguard your wealth.

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