Three Reasons Why Joint Accounts May Be a Poor Estate Plan
Three Reasons Why Joint Accounts May Be A Poor Estate Plan Three Reasons Why Joint Accounts May Be a Poor Estate Plan Many people, especially seniors, see joint ownership of investment and bank accounts as a cheap and easy way to avoid probate since joint property passes automatically to the joint owner at death. Joint ownership can also be an easy way to plan for incapacity since the joint owner of accounts can pay bills and manage investments if the primary owner falls ill or suffers from dementia. These are all true benefits of joint ownership, but three potential drawbacks exist as well Risk. Joint owners of accounts have complete access and the ability to use the funds for their own purposes. Many elder law attorneys have seen children who are caring for…
Wills, Living Wills, Power of Attorney, Trusts
Estate planning sounds so overwhelming: Wills, Living Wills, Power of Attorney, Trusts, Guardianships, etc., etc., etc. What doe...
Matter of GVS Props. LLC v Vargas (2019 NY Slip Op 03549)
2019 NY Slip Op 03549 Decided on May 7, 2019 Appellate Division, First Department This opinion is uncorrected and subject to revision before publication in the Official Reports Decided on May 7, 2019 Renwick, J.P., Richter, Tom, Kapnick, Kern, JJ 9237 570655/17 78285/15 v Golino Law Group PLLC, New York (Santo Golino of counsel), for appellant. Himmelstein, McConnell, Gribben, Donoghue & Joseph LLP, New York (Jesse Gribben of counsel), for respondents. Order, Appellate Term, First Department, entered April 2, 2018, which affirmed an order of Civil Court, New York County (Jean T. Schneider, J.), entered on or about August 2, 2017, after trial, dismissing the consolidated petitions, unanimously affirmed, without costs. Nineteen nonpayment proceedings were joined…
Preparing a will: What you need to know about estate planning documents, laws
Most people know the basic documents needed in an estate plan. But what most don’t know is that the seemingly simplest one, the will, isn't so simple.
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Warner Norcross & Judd LLP
At Warner we take the time to understand our clients and their business. We partner with our clients to identify issues and develop cost-effective solutions.
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What do people worry about when considering divorce?
What do people worry about when considering divorce? - Divorce - Law Offices of KML Associates, Attorneys at Law