New York Estate Planning, Probate, and Real Estate Lawyer

In the United States alone, 5.7 million Americans are thought to have Alzheimer’s disease. Experts estimate that by 2050, this number will have reached 14 million. According to recent estimates, almost 50 million people worldwide currently have dementia and this number is expected to double every 2 decades, reaching over 130 million by 2050. Research…

At its best, probate can be a real pain in the butt and time consuming. Property can’t be distributed until probate is completed and probate is paid out of the estate, which means less inheritance for heirs. With that in mind here ar three ways to avoid probate. Establish a Living Trust A living trust…

The New York Times reports that the signs of coming trouble were there. Vanishing pensions, soaring medical expenses and inadequate savings were building for years. The result is that the rate of seniors 65 and older declaring bankruptcy has tripled since 1991 and now make up a bigger share of all filers. The cause, according…

Toys R US shuttered it last door in June an according to financial experts, that is to blame for the lousy July report. The economy added 157k jobs but the expectation was 190k. Th miss correlated with the amount of jobs lost at “Toys.” Reports earlier in the year said the loss was estimated at…

Shopping mall retailer Brookstone has filed for Chapter 11 bankruptcy. After 40 years in business, the company will be closing all 101 of its mall stores. It will however keep its e-commerce site and airport locations open. This is the second time Brookstone has filed for bankruptcy. They first filed in 2014 and soon after…

One of the biggest hustles in bankruptcy court is when on the eve of bankruptcy, the debtor files bankruptcy to stall and stave off the selling of their property or assets.When this happens mutiple times it over the course of multiple years it is a detriment of not only the secured lender, but also the…

Mattress Firm, the largest mattress retailer in the United States, is considering filing for Chapter 11 bankruptcy protection as it seeks to close hundreds of underperforming stores in order to return to financial stability, according to a report by Reuters. The retailer operates 3,400 stores nationwide. In September 2016, the company was bought by South…

For many people, the most important document isn’t their will, it’s their IRA or 401(k). That’s because many financial products, including retirement accounts and life insurance policies are legal contracts and override anything in your will. So, no matter what your will says, the payouts from these products will go to the beneficiaries you designated…

Your estate may not be worth a lot. But if you don’t leave a will, New York State decides where and to whom your stuff goes. Here’s how NY State puts it. When a person dies without leaving a Last Will and Testament, it’s said that they died intestate. When a person dies intestate, that…

In our new world of multi-marriages, divorces and step-children, Will contests and objections to probate are becoming more and more common There are ways to deal with these conflicts to resolve differences without going to court. The best advice is for parents to do estate planning, which includes preparing a Last Will and perhaps a…