Latest News
Medicaid Recertification: Why Legal Guidance Matters
Having an experienced elder law attorney overseeing the Medicaid application and recertification processes can better one鈥檚 chance of achieving and maintaining Medicaid eligibility.聽
I am the nominated Executor under my mother鈥檚 Will, which my sister is in the process of contesting. I understand that a Will contest may be a lengthy proceeding. Is there any way I can be appointed to act on behalf of the estate while that proceeding plays out?
The Tax Cuts and Jobs Act (the 鈥淎ct鈥) increased the federal estate tax exclusion amount from $5 million to $10 million indexed for inflation for decedents dying in years 2018 to 2025. This amount is indexed for inflation back to 2011.
The person selected to act as the Executor can be anyone that the testator wants to be in charge of administration of the estate. There is no requirement that the Executor have any experience or expertise in handling estate matters or have any financial background.
My mother recently passed away and I cannot locate her original Will; I can only find a copy. Can I submit the copy to the Surrogate鈥檚 Court for probate?
My father recently passed away. He owes more than he has in assets. As his surviving child, am I responsible for his debt?
I am the Executor of my mother鈥檚 estate. I have collected the assets, paid her expenses, and am ready to close the estate. Can you advise me on how to proceed?
In Terrorem is a term derived from Latin which translates to 鈥渋n fear.鈥 An In Terrorem provision in a decedent鈥檚 Last Will and Testament 鈥渢hreatens鈥 that if a beneficiary challenges the Will then the challenging beneficiary will be disinherited (or given a specified dollar amount) instead of inheriting the full gift provided for in the Will.
What exactly is 鈥減robate鈥 and why would you want to avoid it? Probate is the legal process whereby a last will & testament is determined by the Court to be authentic and valid.
A designated beneficiary on a Transfer on Death (TOD) account has only an expectancy interest in the account and cannot use the funds in the account until the death of the account holder. With no present interest the designated beneficiary cannot withdraw funds for his or her personal use during the account holder鈥檚 lifetime.
The Executor of an Estate is the individual named by the Decedent in his or her Last Will and Testament to act on behalf of the Estate. The Executor is entrusted with the responsibility of making sure the Decedent鈥檚 last wishes are carried out with regard to the disposition of the Decedent鈥檚 property, assets and possessions.
