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May 2017 Archives

The probate process can impact an estate's value

The loss of your loved one is a difficult time. One of the things that might make it a bit harder is if you are having to go through the probate process to handle your loved one's estate. Of course, even having to go through the probate process is a lot easier than having to handle things if your loved one died intestate.

Wills and addressing undue influence

On this blog, we have covered many of the reasons why wills may be disputed, from wills that have been lost to insufficient mental capacity. However, undue influence is another reason why wills are disputed. At Joseph A. Ledwidge, our Queens law firm can sympathize with families who are going through a bitter will dispute. Sadly, disagreements over a will can make life even harder for those who are already dealing with strong emotions after their loved one passed away.

Setting up a special needs trust

When it comes to estate planning, you may have a number of choices to consider. However, it is important to assess your individual situation and move forward with a plan that will work out best for your circumstance. For example, if you are disabled, or your loved one has a disability, you may want to look into a special needs trust. At Joseph A. Ledwidge, we know how confusing estate issues can be for people in Jamaica, and all across New York.

What happens to a person's debts after they pass away?

If you are toiling in debt or a loved one is dealing with similar circumstances, a pressing question may be: “what happens to my debt when I pass away?” One would think that the debt would be extinguished with the person as they pass away. Unfortunately, this is not always the case, as some creditors will go to great lengths to collect on debt they are owed.

Ensuring your will is valid

if you are preparing to create a will, you could have a myriad of uncertainties and may be stressed out. However, you could find peace of mind and put your concerns to ease by making sure that you work through the process of setting up a will appropriately. At Joseph A. Ledwidge, our New York law firm knows how important it is for people who draft wills to make sure that the wills are valid.

The consequences of not having an estate plan

From busy schedules to anxiety about death and simply failing to understand the importance of a will or trust, there are many reasons why people do not have estate plans. However, this could lead to a number of consequences later on. If you live in Jamaica, New York, or another U.S. city, it is essential to understand why estate plans are so crucial and you may want to create one as soon as possible. At Joseph A. Ledwidge, we also know how helpful estate plans can be for people who are younger.