Share

Estate and Business Planning Legal Blog

Saturday, July 11, 2020

Incorporating A Second Home Into Your Estate Plan



INCORPORATING A SECOND HOME INTO YOUR ESTATE PLAN

It is not uncommon for New Yorkers to spend a few months in Florida or in some other state, especially during the winter season.  Whether you are heading to the Berskshires, the Carolinas, or some other destination, there are some relatively easy steps you should take in order to ensure that your estate plan takes the second home into consideration.

  The probate of one’s will, or the administration of one’s estate, will occur in the state where you reside.  If you are a New York resident, the probate process is usually straightforward and relatively simple.  If you own real property in another state, you will be required to probate your will there as well, resulting in a second, or “ancillary”, probate.

Read more . . .


Tuesday, June 30, 2020

Five Tips To Successfully Buying a Business


Buying a business is a major undertaking that involves a number of considerations. It’s success or failure may not only affect you and your investors, partners, customers or clients, but often for your family members as well. This is especially true if you have younger siblings or children who may eventually inherit the company. In view of this, you should pay attention to the following tips:

Tip #1: Invest Time in the Search -- You’ll Be Glad You Did

The first thing to remember when seeking to buy a business is that the process is likely to be a good deal more time-consuming and intensive than you imagined. Realistically, finding a company that will suit your needs and desires may take a year or more.


Read more . . .


Friday, May 15, 2020

How to Create a Will in Florida


A properly executed will is the hallmark of a good estate plan. Each state has its own will requirements, and Florida is no different. Therefore, when drafting your will, it's imperative that you understand the laws that govern the validity of the document. In Florida, if your will fails to meet these requirements, the court will consider it invalid. This will make your estate subject to the laws of intestacy, which essentially means that the state will determine how your property is distributed.
Read more . . .


Tuesday, April 28, 2020

Estate Planning During this Pandemic


 

Now is the perfect time for one to get one's affairs in order, especially since most of us have a great deal of free time.  Getting organized and having a plan will serve to alleviate anxiety about the future.  First, one should compose a detailed list of important contacts--i.e., your accountant, financial advisor (s), your attorney, with phone numbers and contact information.
Read more . . .


Tuesday, April 14, 2020

How to Choose an Estate Executor


Estate planning is for everyone, especially those who are retired or close to retirement. One of the most important steps in the estate planning process is the selection of an estate executor. An executor is a person who is responsible for managing the affairs of a deceased individual's probate estate.
Read more . . .


Sunday, March 29, 2020

How to Get Your Affairs in Order During this Public Health Crisis


We are all experiencing an event in life which none of us have ever before experienced, so it is natural to get anxious and panic about the future.  With some knowledge, however, one can take steps to avoid the anxiety, when it comes to estate planning.

With a lot of free time on our hands, it is an opportunity to get important documents together and to review them carefully.  Everyone should have a will, health care proxy/living will and durable power of attorney.  The latter two documents are most important now, with the health crisis looming.


Read more . . .


Thursday, March 12, 2020

What Should I Consider Including in My Estate Plan?


Regardless of income or assets, everyone needs an estate plan. However, estate planning can be confusing, primarily due to the sheer number of available estate planning options available. In order to give you an idea of what you may want to include in your estate plan, we've compiled a list of the most important estate planning things to consider. After reviewing the information below, feel free to contact our


Read more . . .


Tuesday, February 11, 2020

The Importance of Picking the Right Trustee


A trust is a fiduciary relationship in which one party (the trustor) gives another party (the trustee) the right to hold title to assets or property for the benefit of a third party (the beneficiary). When creating a trust as part of your estate plan, it’s imperative that you choose a trustee that will carry out your wishes efficiently and honestly. Below are some tips on how to pick the right trustee.


Read more . . .


Thursday, January 30, 2020

The Importance of Properly Titling Assets




While it is certainly advisable to review one’s estate planning documents, from time to time, to make sure they continue to reflect your wishes, it is extremely important to pay special attention to the titling of your assets. 

ost married couples own all or most of their assets jointly, with rights of survivorship.  Owning assets in this manner is quite convenient because it gives both the husband and wife easy access to accounts.  If all assets are owned jointly, probate can be avoided.  Often this joint ownership is fine, but if one has estate tax or long-term health care concerns this form of ownership should be reconsidered.


Read more . . .


Friday, January 10, 2020

Snowbird Pros and Cons


People who move south each winter to avoid the cold weather are commonly referred to as "snowbirds." There are advantages and disadvantages to the snowbird lifestyle, and it's important to make sure you understand both before deciding to embark upon your new life as a snowbird. Below is an overview of the pros and cons of being a snowbird. For questions regarding the legal implications of becoming a snowbird, please


Read more . . .


← Newer12 3 4 5 6 7 8 9 10 11 12 13 Older →

Archived Posts

2020
2019
2018
2017
2016
2015
2014
2013
2012


At the Law Office of Angela Siegel, we are pleased to offer legal assistance to clients located in Nassau, Suffolk, Queens, Kings and New York Counties specifically but not limited to Garden City, Jericho, East Meadow, Mineola, Syosset, Roslyn, Cedarhurst, Woodmere, Hicksville, Plainview, Merrick, Wantagh, Bellmore, Rockville Center, West Hempstead, Little Neck, Douglaston, Bayside, Flushing, Forest Hills, Astoria, etc., as well as clients located within the state of Florida.



© 2020 Law Office of Angela Siegel | Attorney Advertising
1205 Franklin Avenue, Suite 330, Garden City, NY 11530
| Phone: 516-741-6100
306 Fifth Avenue, #PH, New York, NY 10001
| Phone: 516-741-6100

Overview of Services | Asset Protection | Business Law | Estate & Disability Planning | Wills and Trusts | Probate/Estate Administration | Florida Estate Planning | Newsletters | Firm Overview | Attorney Profile | Resources

Law Firm Website Design by
Zola Creative