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January 2015 Archives

Court of jurisdiction for trust administration in New York

The court that will have jurisdiction over trust matters does not depend on where the testator of a will creating the trust was domiciled. Similarly, a lifetime trust does not depend on the domicile of the grantor if the contained real property and assets exist in New York.

Will of widow of DC Comics publisher contested by her son

A New York lawyer and a business manager have been accused of improperly influencing an elderly woman in an attempt to misappropriate a larger portion of her will. As the woman in question was the widow of the famous comic book publisher Jack Liebowitz, the proceedings have been of some public interest. The woman passed away on April 24, 2013.

Estate planning errors to avoid

Individuals in New York who are estate planning should keep in mind that there are a number of common errors that people make with their wills, trusts and other documents and accounts. One of these errors is making an estate plan and failing to return to it for revisions. Such changes as children, marriages, deaths and divorces may result in a needed update, so estate plans should be periodically reviewed.

Estate planning tips for New York newlyweds

When two people get married, some estate planning actions should be taken as soon as possible. For instance, it may be worthwhile to put sizable assets into a trust and to ensure that the assets in the trust are properly titled. If the assets are not properly titled, they may have to go through the probate process.