Probate can feel like an overwhelming process, in part because it gets a lot of negative attention. There seems to be no end to articles about ways to avoid probate, but it can leave you wondering if probate is as bad as it seems. Unfortunately, probate always follows...
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Month: February 2022
What does an executor do?
As part of the will drafting process, New York residents must appoint an executor. An executor is a person who will administer your estate after you pass away. It is important to choose an executor who you believe is best suited to carry out your wishes in the event...
Many New Yorkers will have estate tax liability
The federal government’s tax on the value of a person’s estate only applies to a handful of families. In 2022, the law assesses no taxes on an individual taxable estate of less than $12,000,000. Only a small minority of families will have to pay estate taxes to the...