2019-12-20 04:23
Estimates say there are somewhere between 300 and 450 people at or above age 110 alive today in the world. But a report from Social Security’s inspector general says that Social Securi… Read More
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Legal Blog of NYC Real Estate and Bankruptcy Attorney Jeffrey Weinstein. Features Legal information on probate, bankruptcy and real estate law.
2019-11-05 04:15
A recently conducted a survey of pet owners and found nearly half (44%) of pet owners have prepared for the future care of their animals should their pets outlive them. Utilizing traditional… Read More
2019-10-29 04:18
A survey of pet owners and found nearly half (44%) of pet owners have prepared for the future care of their animals should their pets outlive them. Utilizing traditional financial planning i… Read More
2019-10-24 03:34
A Salt Lake City man spent his entire proving inheritence his father murdered his mother.
Back in 2012, when Pelle Walls and his siblings were told by their father that their mother commi… Read More
2019-10-22 04:35
When people hear the words “estate planning,” many think it’s just writing a will. Estate planning is about more than writing a will. It is also about taking care of yourse… Read More
2018-11-01 03:13
If you want to leave money for your grandchildren you can easily do that in your will. But what forms(s) should it take? The obvious answer is to set up a trust
What you could do is set u… Read More
2018-10-30 03:02
Back in June, Kaiser Health News investigation in conjunction with the PBS NewsHour published the results of an investigation in which they uncovered over 100 cases since 2012 where people w… Read More
2018-10-27 03:25
Aretha Franklin died without any kind of estate planning. Her estate was worth an estimated 80 million. But, since she had no advanced estate planning, after applying the federal estate tax… Read More
2018-10-26 23:37
Gibson Brands, known mostly for its guitars, announced new executives who they hope will guide the company through a monumental transition as it emerges from bankruptcy protection. The compa… Read More
2018-10-24 03:03
While persuing the internet we cam across an interesting post on the Kaiser Health News website titled Who Knew? Life Begins (Again) At 65 by a guy named Bruce Horoviz who used to work for U… Read More
2018-10-21 04:26
Kaiser Health News reports that most Americans avoid making important end-of-life decisions, called Advance Care Planning, because it can be uncomfortable and the paperwork confusing.
Reb… Read More
2018-10-17 23:43
Sears has filed for bankruptcy and many aer wondering what will happen to their Kenmore appliance warranties.
The good news is Sears is honoring those warranties. The company said in a st… Read More
2018-10-17 04:28
Probate is the legal process for transferring property after someone dies. In most cases the process follows the instructions in the will but occasionally other factors may arise, but basica… Read More
2018-10-13 02:50
Unless Sears can come up with $134 million by Monday it will need to declare bankruptcy. Sears most recent filing showed it only had $193 million on hand as of August and another $269 millio… Read More
2018-10-05 03:37
An acting Manhattan Supreme Court, Justice Gerald Lebovits denied NYC and New York State’s Governments motion to dismiss a lawsuit by group of renters and property owners called Tax Eq… Read More
2018-10-04 03:16
The internet offers many ways to create your own estate planning documents and you can take that route if you want to save money, but you are better off hiring a professional to insure all y… Read More
2018-09-26 03:12
We’ve written ad nauseum about how less that half of Americans have a will. Well, almost that many also forget to include their digital assets in their estate plan.
Most Americans d… Read More
2018-09-19 03:02
Under the New York Health Care Proxy Law you can appoint someone you trust to make health care decisions for you if you lose the ability to make those decisions yourself. That person is cons… Read More
2018-09-18 04:13
Leaving this life and leaving loose ends can create a nightmare scenario for your heirs. If you haven’t taken the time to organize your assets that is exactly what can happen. With tha… Read More
2018-09-17 03:16
End-of-life planning isn’t fun. In fact, it’s a drag. But it’s an important aspect of managing your assets and protecting your family. That’s why it’s surprisin… Read More
2017-04-05 22:06
Marilyn Monroe died 55 years ago, but even today, her estate millions per year through merchandising and similar post-mortem publicity initiatives made on her behalf. But the question… Read More
2017-03-28 21:36
1. Family Matters
Family disputes are a major cause for stress in people. The reason for that is because we have a very close and intimate relationship with our family members, and if there… Read More
2017-03-23 19:31
Everyone wants to lead a long and healthy life. But to have a wholesome life, you require a wholesome lifestyle. To pursue such longevity, there are a number of habits one can adopt an… Read More
2017-03-21 18:18
Under the New York Property Condition Disclosure Act (PCDA) (N.Y. Real Prop. Law § 460-467), a seller of real property must disclose any hidden defects relating to that property to the… Read More
2017-03-16 15:53
Do You Qualify to File Chapter 7 Bankruptcy?
Not everybody can, do you?
In 2005, the Republican Congress and President Bush passed sweeping new changes in the US. Bankruptcy Laws. Under the… Read More
2017-03-15 21:35
Last September without much fanfare, Governor Cuomo signed a law allowing owners to be interred with their favorite pet.
The legislation making it legal for the cremated remains of pets to b… Read More
2017-03-13 22:01
In order for a Will or Codicil to be valid, the testator must sign the Will in the presence of two disinterested witnesses.
There are cases wherein New York courts have described the procedu… Read More
2017-02-23 22:24
New York State Attorney General Eric Schneiderman and the Consumer Financial Protection Bureau filed a federal lawsuit in Manhattan against New Jersey based RD Legal Funding Company.
The com… Read More
2017-02-21 18:25
In this blog, we discuss the difficulties that may arise for children in inheritance matters when their mother has been estranged from her husband and does not get a divorce. We take the exa… Read More
2017-02-16 17:51
In the case Estate of Torleiv Larsen, 2016 NYLJ (Richmond County Surrogate Court) Alexander James Larsen, decedent’s grandson and sole distributee, sought to admit a document purportin… Read More
2017-02-14 17:25
Neither physical injury, illness nor old age alone are considered by courts to be incompatible with testamentary capacity. The question in each case is the degree to which the decedent&rsquo&hell…Read More
2017-02-03 18:54
There are 3 basic options for estate planning. Two require the assistance of an attorney. One only requires a checkbook and a pen
Prepare a Last Will and Testament and leave your property ou… Read More
2017-01-30 17:04
Each year, it is increasingly common to see claims filed against an estate. This is because many people write their wills and trusts without a knowledgeable estate planning attorney present… Read More
2017-01-26 22:14
CONGRESS PLAN TO MAKE PRIVATE STUDENT LOANS DISCHARGEABLE IN BANKRUPTCY
In 2015, 13 senators of the 144th Congress (2015-17) co-sponsored the “Fairness for Struggling Students Act of 2… Read More
2017-01-24 23:10
On 9th October 2016, District Attorney of Brooklyn Ken Thompson lost his fight with cancer, leaving behind his mother, wife Lu-Shawn and two children.
According to an article in the New York… Read More
2016-12-19 15:18
This one is a bit old, but it came across our digital transom and we thought it was interesting enough to blog about.
Ohioan Donald E. Miller Jr wanted to get a new driver’s license an… Read More
2015-09-02 19:34
An executor, appointed by the testator in his/her will has a fiduciary duty
to the heirs of the estate. What can you do when the executor breaches his/her duty?
What are the executor’s… Read More
2015-07-01 14:39
The US Supreme Court has recently ruled that Second Mortgages and Home Equity Lines of Credit may not be dischargeable in bankruptcy even if the entire amount of the loan is underwater.
By u… Read More
2015-06-25 19:26
Everybody loves to save money. This is especially true if saving is easy.
Here are 10 simple tips to save without giving up your comfortable lifestyle.
1. Better Budgeting. If you track y… Read More
2015-05-08 16:40
When preparing a Last Will, anyone with a frequent flyer air miles
account should include those miles as an asset that can be transferred
upon death. As air fares continue to rise, your air… Read More
2015-03-25 14:44
After many years as a probate lawyer, here are some of the most frequently asked questions:
1. Can a copy of a WILL be probated?
Generally, only the original WILL may be probated. However… Read More
2015-02-23 20:08
You may think the answer is obvious. But the correct answer is
“It depends.” It depends on the year purchased. If the co-op
apartment was purchased by a married couple before… Read More
2015-02-13 23:28
Whether a family member dies with or without a Last Will & Testament, all interested parties must be located and notified of the decedent’s passing.
Interested parties consist of a… Read More
2015-02-11 18:01
When preparing a Last Will, the detail that is frequently overlooked
is the specific designation of personal property to loved ones.
A child's bigge… Read More
2015-01-08 17:47
The executor (or administrator) primary duty is to liquidate the estate’s assets and distribute
money to all beneficiaries named in the will or to distributees if there was no will. Th… Read More
2015-01-07 05:57
Not all family members may become an administrator of a decedent’s estate. The general rule is that a surviving spouse has first priority, followed by surviving adult children.
A commo… Read More
2006-06-07 11:16
The Albany Times Union is reporting that the pressures that caused Detroit to go into bankruptcy also exist here in New York State due to “stagnant or shrinking tax base caused by decl… Read More
2006-06-07 11:16
Many real estate owners are confronting the worst housing market in decades. Foreclosures and loan defaults are at an all-time high and refinancing is difficult even for credit worthy home o… Read More
2006-06-07 11:16
In the process of making plans to protect one’s family and loved ones upon one’s death, many people have chosen a living trust. Also known as an inter vivos (Latin for &ldqu&hell…Read More
2006-06-07 11:16
You just lost your job, you got divorced or you had a medical emergency. Your money is running out. You are in a panic. What do you do? Most folks think Bankruptcy is the last thing they wan… Read More
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