Insight Articles

As we age, the possibility of becoming unable to make our own decisions becomes a reality that many New Yorkers must face. Planning for incapacity isn’t just about preparing for the worst; it’s about maintaining control over your life, protecting your assets, and sparing your loved ones from difficult decisions during already challenging times. Without…

Understanding fiduciary duties in New Jersey is essential for anyone involved in estate planning, whether as an executor, trustee, or attorney-in-fact. These fiduciaries are legally and ethically required to act in the best interests of the estate and its beneficiaries, ensuring that assets are managed responsibly and wishes are carried out faithfully. Whether you are…

A recent case has made estate planning disputes more visible. The $275 million Jimmy Buffett estate lawsuit is currently at the center of a legal dispute. It involves his widow, Jane Buffett, and co-trustee Richard Mozenter, regarding the management of the estate. This case shows the challenges of managing large estates. It also shows how…

Estate litigation involves legal disputes that arise during the distribution of a deceased person’s assets. These conflicts often involve family members with competing interests, which makes them emotionally charged and legally complex. Understanding the fundamentals of estate litigation can help you navigate these challenging situations and protect your rights when disputes arise over wills, trusts,…

Planning for long-term care is a critical aspect of financial security, especially as healthcare costs continue to rise. Many Americans face the challenge of protecting their hard-earned assets while ensuring they can access necessary care through Medicaid if needed. This guide explores effective ways to protect assets from Medicaid spend-down requirements while remaining compliant with…

What happens to your estate plan if you get a divorce is a critical question during one of life’s most significant transitions, as divorce affects not only your emotional well-being but also your financial and legal arrangements. Among the many considerations during this challenging time, your estate plan requires careful attention. What happens to your…

Putting a house in a trust is a nuanced process that requires careful planning to ensure compliance with state laws and alignment with your estate planning goals. This strategic move can protect your property during your lifetime and create a seamless transition of ownership after your passing. Whether you own a primary residence, vacation home,…

Placing your home in a trust is a common estate planning strategy that helps avoid probate and provides clear instructions for the property after your death. However, when there’s an existing mortgage on a home in a trust, many homeowners wonder who becomes responsible for those payments. Understanding how mortgages work with trusts is essential…

Does a trust avoid probate? And what’s so bad about probate that you have to avoid it? If you’re creating an estate plan for your assets in New York, chances are that your estate planning lawyer is encouraging you to get a trust so you can skip the probate process. What about probate makes it…

A financial durable power of attorney is essential to protect your assets once you are no longer capable of doing so yourself. If you are based in New Jersey and have assets you want to protect your finances to ensure your family’s future, this document is an essential part of your estate plan. We recommend…