When you buy a unit in a housing cooperative, you purchase stock in a corporation that owns the building. You must have approval from the board of directors to do so. While you get a mortgage to buy the unit, you also pay a fee for building upkeep and other associated...
Year: 2021
Protecting your interests when buying a house
Buying a home in New York requires a significant investment. So, you want to make sure you are doing your due diligence and getting all the necessary information before making things official. Complications often arise throughout the home-buying process, and you may...
Limiting your estate tax liability
A recent post on this blog detailed the benefit that gifting can provide to your estate plans. Yet at face value, that might seem counterintuitive; would parsing out gifts not deplete the amount that you have to pass on to your heirs? Many come to us here at Marcus,...
Do family members make the best executors?
When dealing with matters of the estate, it is easy to feel overwhelmed. Estate planning has a lot of moving parts and a huge number of legal terms you likely never came across before. But it is important to start with a solid foundation. If you do, everything else...
Is your loved one under undue influence?
New York has laws governing estate plans in a careful and precise way. An estate plan should allow your loved ones the ability to make their last wishes and desires known. In most cases, this is the purpose it fulfills. But there are some cases in which your loved one...