Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with … [Read more...] about TWO TRUSTS TO CONSIDER
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Your Digital Life Part 2 – Digital Estate Planning For Younger People
The statistics surrounding estate planning are fairly well known. About half of all people don't have any estate plan in place, and those that do are more likely to be seniors or older adults. For young adults, the question of estate planning is rarely a question, and digital estate planning even less so. However, younger adults are in a greater need of digital estate planning than most others. Here are three reasons why. Reason 1: You live your life online. The younger you are, the more … [Read more...] about Your Digital Life Part 2 – Digital Estate Planning For Younger People
3 Questions About New York Probate: The Executor
Question 1: What role does the executor play in the probate process? A person who writes a Will—called a testator—usually names an executor in the document. Once the testator dies, the executor is responsible for probating the will, meaning he or she must take it before a New York Surrogate's Court so the court can determine if the Will is valid. The executor is responsible for taking the Will to the Surrogate's Court in the New York county where the testator lived at the time of death. Once … [Read more...] about 3 Questions About New York Probate: The Executor
Estate Planning Terms: The Pour Over Will
There are certain types of wills, or aspects of wills, that are not suited for every purpose. A “pour over” will is just such a document. These wills are only necessary for people who have a living trust already established. If you don't have a living trust, or want more information about them and why they may be of benefit to you, talk to your estate planning attorney. Function: The idea of a pour over will is to transfer all of your property into a trust that was created while you were … [Read more...] about Estate Planning Terms: The Pour Over Will
Estate Planning Terms: Ascendants
If you die without leaving behind a valid will, your family typically inherits your property. Which family member receives property, and how much they receive, depends upon your state's laws, but typically only your closest family members inherit. This includes your spouse and any children or grandchildren you have. However, if you don't have a spouse or children, your other relatives may inherit your property as well. These relatives are known as your “ascendants,” and are categorized into two … [Read more...] about Estate Planning Terms: Ascendants
