When an individual who has not written a will dies, it is said he or she died intestate. Intestate succession in New York State deals with the distribution of assets as follows: If the individual who dies did not have a spouse at the time of his or her death, and he or she had children, the children would inherit all of the … [Read more...]
A Gift to Americans From Congress and President Obama
President Obama, in a statesman-like series of decisions, has worked out a compromise with the new Republican majority in the House of Representatives regarding jobless benefits, income taxes and estate taxes. Although some of the President's democratic colleagues did not see eye-to-eye with the President on this issue, in the spirit of … [Read more...]
Who Needs a Will? You Do!
Do you have assets? Do you own a house? Have you been married more than once? Do you have children from more than one relationship? Are you concerned about what happens after your death to your spouse and/or your children? Are you single? All of the above individuals need a Will. Estate contests often develop between children from the first … [Read more...]
