The estate planning process for individuals in New York with a significant net worth can be challenging. Several elements need to be considered, including tax liabilities and matters that impact the family. Setting priorities Setting priorities is a crucial aspect of...
White Plains, New York Legal Blog
13 red flags to look out for before signing a lease
Finding the perfect apartment could be arduous. The process could be lengthy and complicated based on what you believe is an ideal space. You could be considering a range of factors, including the apartment’s proximity and amenities. However, these are not the only...
Must-have traits for your attorney-in-fact
In New York, choosing an attorney-in-fact (now referred to as an "agent" under New York law) is an important decision because your agent acts on your behalf when it comes to your personal finances and legal matters if something happens to you or if you authorize the...
Advantages and disadvantages of buying a home with a subject-to loan
If you are looking for a unique way to buy your dream home in New York, finding one where you can purchase it using subject-to loans may be the perfect solution. There are several advantages and disadvantages to purchasing a home using this strategy. How do subject-to...
Basic facts about commercial real estate leases
Commercial real estate leases differ significantly from residential leases on several points. Before signing one for your New York business, familiarize yourself with the following items. Lease term Commercial real estate includes retail stores, warehouses,...
An executor’s duties and responsibilities
During the probate process in a New York courtroom, the judge will have to approve the executor who serves as the personal representative of the estate. Typically, the testator names an executor in their will. The executor must carry out several tasks on behalf of the...
Should you buy a home with termite damage?
New York residents in search of a new home may believe that termites are one of the few things that they do not need to worry about, but they should. Termites cause billions of dollars of property damage each year in America, and the burrowing pests can be found in...
What makes a power of attorney durable in New York?
Many New York residents include durable powers of attorney in their estate plans to ensure that important medical and financial decisions will be made by a trusted and responsible individual if they become incapacitated or otherwise need help. Drafting these documents...
Obstacles that may prevent or delay a new home closing
Real estate transactions can contain a minefield of possible deal-killing obstacles. The clock starts ticking from the moment both parties sign the purchase contract, and then the complicated business of selling and buying a home in New York begins. Home inspections...
How can you talk to your family about your estate plan in New York?
Estate planning is one of the most important ways to protect your family and your assets. Unfortunately, it is also one of the most difficult conversations to have with your loved ones. Thankfully, there are certain ways that you can make this conversation easier for...