Hablamos Español free phone consultations
Joseph A. Ledwidge, P.C.
347-395-4799
View Our Practice Areas

April 2015 Archives

Advantages of a revocable living trust

Individuals in New York who are planning for the distribution of their property after they die may have heard of a revocable trust but be unfamiliar with what is involved in such a document. Another name for a revocable trust is a living trust, and as its name implies, it is created and takes effect while the grantor is still alive. The terms of an irrevocable living trust cannot be changed while those of a revocable trust can.

Executors, beneficiaries and writing a will

Adults in New York who do not have an estate plan may want to consider making one. Most people include a will in an estate plan. A will is a document that indicates how an individual wants their assets distributed after their death, and it must be signed by two witnesses. Without a will, the state will decide what happens to the assets.

Digital estate planning in New York

In an age where digital accounts are becoming commonplace, it is important to account for them in an estate plan. For instance, if an individual has a PayPal account or Facebook profile, those accounts will continue to exist after that individual passes on. Although these accounts may be part of an estate, they can be difficult to track down after the account holder dies.

Even a solid will like Robin William's can be contested

While a will can help a family in New York avoid a legal battle after a loved one passes away, this legal document cannot always prevent against a problem. When world-famous actor Robin Williams died, his will and trust dictated that his estate go to his widow and his three children from different marriages.