Khan & Yau, PC Reliable & Responsive New York City Attorneys

April 2016 Archives

A sample to-do list for an executor of an estate

Estate administration is about more than just responding to creditors' claims against the estate. As a recent article reminds us, the number of administrative tasks may indeed seem overwhelming. For a loved one who has been named as an executor, we recommend that he or she consult with an estate-planning attorney for assistance. 

Have trusts taken the favored place of wills in estate planning?

Readers may be familiar with different types of trusts. The variety and flexibility of trusts make them an attractive option in estate planning. From avoiding probate to shielding assets from creditors or minimizing taxes, trusts can help individuals realize many different goals. A trust also allows the grantor to include conditions on how the assets or payments will be made to the trust's beneficiaries. In that sense, a trust can help pass on the grantor's values.

The estate planning dilemma of a second marriage

Many people neglect to consider how their comprehensive estate plan might change upon a second or third marriage. Whether your marriage ended through divorce or untimely death, it is crucial to consider the changes that need to be made to wills, trusts, powers of attorney or other estate planning documents.