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What Happens When a 529 Account Owner Dies?

New York鈥檚 529 College Savings Program accounts are investment plans that enjoy tax-deferred growth. Withdrawals are income tax-free for qualified educational purposes associated with K-12 tuition, vocational school, college, or higher education.

April 20, 2026
What Is a Turnover Proceeding?

Question: I am the Executor of my mom鈥檚 estate and there is only $10,000 left in her bank account. A year before she died, my mom had much more money. I think someone may have taken her money before she died. What should I do?

September 4, 2019
I Have an Irrevocable Trust, Now What?

Question: I want to start looking into creating a trust to protect my assets for Medicaid but the idea is over-whelming, can you explain the process?

August 28, 2019
Beneficiary Designations

Question: I have an estate plan in place including a will, power of attorney, and healthcare documents. Is there anything else I need to do?

August 21, 2019
Estate Planning and Supplemental Needs Trust

When planning for the differently-abled, the use of Supplemental Needs Trusts as part of your estate planning will ensure that you have provided protections for those with special needs and disabilities. When considering your estate planning it is important to consider any beneficiaries who may have special needs or disabilities.

August 12, 2019
Q&A: Compelling a Fiduciary to Account an Estate

Question: My brother is the Executor of my mother鈥檚 estate. It has been three years since she died, and he has not distributed anything. What do you recommend I do?

August 7, 2019
Contested Guardianship

Question (About a Contested Guardianship): I received Court papers that say that my brother is trying to take control of my mother鈥檚 finances and make medical decisions for her. I have been taking care of my mother for years and my brother is estranged from me and my mother. What should I do?

July 10, 2019
Estate Planning for Teachers

Question: I am a teacher and currently off for summer break. Now that I have time to myself, what should I be thinking about over the summer regarding my estate plan? What about retirement? What actions should I be taking?

July 3, 2019
College Age Children and Estate Planning Documents

Question: My son is 18 and is leaving for his first year of college in September. Someone told me that there were some legal documents I should have in place before he leaves. This is the first that I have heard of this, as his school did not say anything. Is my friend correct?

June 26, 2019
Do Not Disinherit a Disabled Child

Many families (erroneously) disinherit a disabled child, believing that this is in the child鈥檚 best interest and instead leave assets to other family members so that they can care for the disabled individual. Even with the best of intentions, circumstances may arise in their lives that could directly affect their ability to provide for a disabled family member.

June 20, 2019
Who Will Make your Medical Decisions if You Are Unable to?

In New York State, any individual over the age of eighteen may designate an individual to make medical decisions on his/her behalf by signing a health care proxy and designating a health care agent. The health care agent is only authorized to act if your doctors determine you can no longer make your own medical decisions.

June 14, 2019

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Thought Leadership

Partner Britt Burner, Esq. explains how often to review your estate planning documents and the life changes that may prompt a review.

May 1, 2024 Read Article