Jonathan D. Karp A Revocable Living Trust is a popular estate planning tool that we use for many of our clients. It is an instrument that allows you to re-title your assets in the name of the Trust. While you’re…
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Joseph S. Karp A Living Trust has multiple benefits for individuals and their families. One, it avoids Probate Court for the assets that are titled in it. Two, it retains privacy. And, three, many of our clients want to…
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Adele Small Harris A Personal Representative is commonly known as an executor in other states. That person is in charge and appointed by the court to handle all matters related to the estate. The Personal Representative must identify the assets,…
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Adele Small Harris Many times I get questions about whether you lose control of your assets in a Revocable Living Trust. The answer is no. Matter of fact, you have complete control over the assets in the Trust. You can…
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Jonathan D. Karp Unfortunately, some people come into our office with strained relationships with their children and want to know if they can disinherit them. The answer is yes. What you should do is, under your legal documents – your…
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Here is another, and surely not the last example of the perils of an ambiguously worded last will and testament. This story was reported in the September 7, 2019 New York Daily News. New York City psychologist Jill Morris died in 2016 of…
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Socialite and clothing designer Gloria Vanderbilt died on June 17 at age 95, just weeks after being diagnosed with advanced stomach cancer. The great-great granddaughter of railroad tycoon Cornelius Vanderbilt, at a young age she inherited what would be $35…
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Assets that are co-owned with someone else, or which are titled payable on death to a designated beneficiary, are not governed by the terms of the Will. These assets pass by operation of law, outside of the Will. This is…
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The family feud over the estate of rocker Johnny Hallyday – at least, the first battle in what figures to be a continuing war – has come to a close. And in a sign of the times, Hallyday’s social media…
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It is always wise to seek experienced legal guidance when you are setting up your estate plan. Wording you may think is obvious may not be as clear to others as it is to you. Any ambiguity in your plan…
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