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August 2017 Archives

Possible alternatives to disinheriting a child

If you live in New York and have an estate plan in place, a time may come when you need to modify it or remove one of your beneficiaries. Circumstances can change over time, and at some point, you may second-guess your decision to leave some of your estate to a child because of drug use, irresponsibility or another reason entirely. At Joseph A. Ledwidge, P.C., we understand that your needs with regard to your will may change as the years pass, and we have helped many clients who wish to modify their estate plans to reflect these changing needs.

Named as an executor? There are online resources that can help

Have you recently found yourself in the position of executor after a loved one passed? If so, you may be wondering what exactly it is you are supposed to do. Many people find themselves in such a position. Often, they do not know what they need to do with respect to moving the decedent's will through probate. Typically, they are also dealing with the emotional turmoil that comes with losing a loved one.

Naming minors as beneficiaries

When it comes to estate planning, many different types of considerations could arise. For example, if you have a children or grandchildren who are minors, you may want to ensure that they are taken care of after you pass away and there may be unique issues to go over when setting up your estate plan. At Joseph A. Ledwidge, we are of the importance of creating an estate plan that comprehensively covers all important matters, such as ensuring that minor children who are named beneficiaries have the resources they need.

How power of attorney differs from guardianship & conservatorship

There are several different titles that can make you a fiduciary, or someone who has decision-making power over a New York loved one, and they all indicate a legal or ethical relationship between you and the other person. Whether you need to pursue a power of attorney or a conservatorship or guardianship depends on your specific situation and the needs of your elder, so it is important to understand the key differences between them. Joseph A. Ledwidge, P.C., has considerable knowledge of fiduciary duties and how they differ from another, and he has helped numerous clients navigate the complexities related to them.

How much is the fee to file for probate?

If you are the executor of an estate, all sorts of questions may be on your mind. For example, you may have uncertainties related to your fiduciary duties or you could be unsure of how to approach the probate process. In Jamaica, and all across the state of New York, it is vital to make sure that you are aware of your responsibilities and prepare yourself for some of the responsibilities that lie ahead. For example, if you file for probate, you may be unsure of what the filing fee is.