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When someone dies with a will, their heirs do not automatically assume ownership of the assets left to them. Well, at least in the eyes of the law. The deceased's estate must go through probate, the legal process of administering the estate, before assets are divided...
Selling a house is often a stressful and complicated process, made more so when it comes to properties owned by estates in probate. During this period, the court oversees asset distribution, including real estate. Knowing what is involved in the probate process and...
Creating an estate plan is not the end of the process. Maintenance of an estate plan actually takes much more time, considering you have to do this all the way up until your death. But how do you know when it is time to update your estate plan? Are there certain times...
Your estate plan has a lot of value if it contains enough details to guide your surviving family members through your final wishes. One of the biggest mistakes you can make is to forget to keep it updated throughout the years. Even though it may seem unnecessary,...
“Maintaining your dignity and the dignity of your loved ones.” That is a predominant concern for legions of estate planners. We centrally underscore it on our website at the proven New York metro estate planning law firm of Asterita & Associates. We note therein...
As you get older, something that is going to help you prepare for the end of your life is your estate plan. Your estate plan should include legal documents such as your will, health care directive and long-term care plans. Having all of these in place early in life...
Many people never get around to making an estate plan. They continuously put it off. Then, one day, it is too late. Dying without an estate plan leaves a mess for your family to take care of. They should be grieving and adjusting to life without you. Instead, they are...
As you’ve aged, you’ve always kept up with your estate plan. You have a basic plan, but when you got married or divorced, you reviewed it and made changes. When new children were born, you added them as heirs. One thing that you may also want to remember is that your...
When most people create an estate plan, their primary focus will be on the allocation of their personal assets and the protection of their dependent family members, including minor children. Fewer people stop to think about the long-term implications of their role in...
Doing your estate planning feels like a personal matter, but the truth is that it is going to massively impact the rest of your family, as well. They have a lot at stake here. For that reason, and many more, it’s often wise to talk to them as you do your estate...
