Category: Estate Planning

By:Kamilla Mishiyeva, Esq.

What is a will?

What is a will? It is IMPERATIVE that a will be established for various reasons. Specifically, it ensures your last wishes are not only documented, but implemented as well. It is also imperative you contact a wills lawyer in New York to guide you through the entire process of creating ...
By:Kamilla Mishiyeva, Esq.

Does Your Estate Need Planning?

Does Your Estate Need Planning? Most people are under the misconception that their estate is not big enough to plan, or that they don’t have an estate that needs planning. Here is a short answer of which type of individual needs to plan their estate: Anyone who owns property, whether ...
By:Kamilla Mishiyeva, Esq.

What is a living trust?

What is a living trust? A living trust is a tool you can use to avoid probate when you are looking to pass your property onto your heirs at the time of your death. What exactly happens with a will? Well, even if you create a valid will, Surrogate's Court ...
By:Kamilla Mishiyeva, Esq.

What Is Estate Planning?

What Is Estate Planning? In basic terms, estate planning involves making a plan on how you want your assets distributed after you die. In addition to naming whom you want to receive your property upon your passing, an estate plan can: Name a guardian for your minor children Include instructions ...
By:Kamilla Mishiyeva, Esq.

What Are the Important Factors In Making An Estate Plan?

What Are the Important Factors In Making An Estate Plan? What Are The Benefits of Formulating a Trust or a Will? Some of the common advantages associated with formulating an estate plan include probate avoidance, easy transfer of ownership, and asset protection from creditors and lawsuits. Other benefits include providing ...
By:Kamilla Mishiyeva, Esq.

How Much Does It Cost To Make An Estate Plan And What Is Involved?

How Much Does It Cost To Make An Estate Plan And What Is Involved Estate planning doesn’t have to cost and arm and a leg, and about 99% of the time, it doesn’t.  Wills are not expensive. Although trusts typically cost more than wills, but they can help your estate ...
By:Kamilla Mishiyeva, Esq.

Who Are The People Involved In An Estate Plan? What Are Their Roles?

Who Are The People Involved In An Estate Plan? What Are Their Roles? Testator – A person who dies leaving a will. Settlor – A person who establishes a trust. Also called a “grantor.” Executor – A person named in a will by the Testator and appointed by the court ...
By:Kamilla Mishiyeva, Esq.

What Are The Qualities Of A Good Estate Planning Attorney?

What Makes A Good Estate Planning Lawyer? When hiring an estate attorney, you are essentially looking for the same qualities that you look for in hiring any other professional. When filing taxes, you hire an accountant who you believe will ensure that you are in compliance with all IRS rules ...