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Articles Posted in Estate Planning

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Prenuptial Agreements in NY – Part 2: Challenging The Validity Of A Prenuptial Agreement

To challenge the validity of a prenuptial agreement, one looks to see if any of the above elements were abused or not satisfied. This can include– 1. Duress- A prenuptial agreement can be voided if one party was pressured or coerced into signing it. Duress also can be shown if…

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Prenuptial Agreements in NY – Part 1: Enforceability

Every year, over 2 million people get married in the United States. In the same year, almost 900,000 people get divorced. Broken down even further, approximately 50% of all first marriages, 67% of all second marriages, and 74% of all third marriages end in divorce. With these statistics, it should…

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Back to the Basics: What is the Difference Between Revocable and Irrevocable Trusts?

While many New York residents familiar with and have an existing will in place in the event of their death, most people do not realize that estate planning documents extend far beyond a last will and testament. The world of estate planning documents includes not only living wills and advanced…

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Be Aware of Cemetery Rules & Guidelines

Delineating funeral and burial wishes is a common part of estate planning. Everyone has unique desires about their final resting places, incorporating personal, spiritual and religious preferences. In addition, the perspectives of surviving family members are also taken into account. That is because spouses and children may wish to remember…

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What is “Donor Intent” & How Does It Affect a NY Estate Plan

Charity is an important part of an estate plan for New York families. Many residents have important causes that symbolize their own values and morals, including social, political, economic and religious non-profit groups. Donating funds via a will or trust is common for estates of all sizes–this is not just…

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Back to the Basics: First vs. Third Party Special Needs Trusts in NY

Families throughout New York who have children with disabilities are frequently questioning how to best provide for their children’s needs–both now and in the future. It can be a complex issue, because relatives must balance their ability to provide help via their own private resources with available support through Medicaid…

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