Can Your Spouse Disinherit You? What If Your Spouse Dies Without Leaving A Will?

New York State law is very exact in the manner by which it safeguards the inheritance rights of spouses. Under the law, a spouse is entitled to an "elective share" of the assets, defined as $50,000.00 or one-third of the estate, whichever amount is greater. This includes property such as joint bank accounts and certain asse...

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Get Your Ducks In A Row Before Selling Your Home

Your nest has been empty for a while and you can almost see retirement on the horizon.  Your thoughts turn to migrating south to a warmer climate, or maybe just to a smaller nest.  Even if this is part of a five-year plan, there is no time like the present to get all your ducks in a row. Perhaps you are thinking of all t...

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The Importance of Having a Durable Power of Attorney

Appointing a trusted family member or friend (referred to as your “agent”) to act on your behalf pursuant to a durable power of attorney is an important part of planning for old age or the possibility of a future health crisis. If you fail to take this step while you have the capacity and are well and able to manage your...

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Estate Planning and the Single Girl (or Guy)

  It is not unusual to find oneself without immediate family later in life.  This is when estate planning becomes particularly crucial.  If a single adult without immediate family does not memorialize his or her wishes in a legal document, such as a Will or Trust, a whole host of challenges come into play.  For exam...

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