March 2018 Archives

What it means to sign a will under duress

Heirs and beneficiaries to a New York estate want the testor's will to have been completed under fair circumstances. A person leaving his or her assets to beneficiaries should do so without any coercive or intrusive influences. However, this may not always be the case. Sometimes a person may actually compose a will under duress. If a heir or beneficiary suspects a testor signed a will under coercive pressure, they can initiate legal action to contest the will.

Educate yourself about no contest clauses before probate court

When someone dies, there are often concerns among loved ones and family members about how to handle the estate involved. Even when someone has taken the time to create a thorough and valid last will or estate plan, others within the family may not agree with the will or may find themselves unhappy about the administration of the estate.

What are reasons to assign a power of attorney?

New York residents should face the fact that they may not always have the ability to decide what will happen to their personal finances. One way for you to ensure that you will retain control over your assets, including how they are managed, is to assign someone to act as your agent, to grant them power of attorney. Your agent will manage your finances in the event you cannot do so.

What does the word fiduciary mean?

We often hear that people contest estate executors in court because they failed to fulfill their fiduciary duties. If you are new to estate law and are not at all familiar with the term “fiduciary,” it is important to understand the basics so, in the future, if you should have to deal with a New York estate executor, you will possess a good understanding of how the executor should fulfill his or her task.

Joseph A. Ledwidge, P.C.
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Jamaica, New York 11432

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Joseph A. Ledwidge, P.C.