Estate Planning After Divorce
When did you first think about your estate plan – was it when a parent or grandparent died, after the birth of a child or during a serious illness? You probably don’t … Read More!
When a person dies leaving a Will, the legal process that takes place is called probate. A Will only needs to be probated if the decedent died with assets valued at $30,000 or more. Before the Will has any legal effect, it must be admitted to probate by the Surrogate’s Court located in the county where the person died. In other words, the court must make a determination that the Will is valid. A valid Will must be properly executed … Read More!
Estate Planning for Special Needs
One of the most important tools in creating an estate plan for a person with special needs is the creation of a Special Needs Trust. It may be created as an Inter Vivos Trust (one created during lifetime), or as part of a Will (also known as a Testamentary Trust). A Supplemental Needs Trust can be funded with an inheritance or life insurance,… Read More!