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Pursuant to New York State law, you cannot completely disinherit a spouse. A surviving spouse at the time of a decedent鈥檚 death has a statutory right to inherit an 鈥渆lective share鈥� of the deceased spouse鈥檚 assets.

When you buy a real estate with someone in New York State there are three ways you could take title: (i) as tenants in common; (ii) as joint tenants with rights of survivorship; or (iii) if married, as tenants by the entirety.

One of the most disruptive proposals put forth last year by Congress was the elimination of the tax-free basis step up at death. Luckily for many of our clients, the legislation was never enacted.

An estate planning consultation is not everyone鈥檚 idea of a good time. In some cases, people have put off estate planning for years 鈥� if not decades. Discussing the taboo triad of aging, death and money makes people uncomfortable.

Passing away without a Will is known as dying 鈥渋ntestate.鈥� Many people mistakenly believe that if they die without a Will their assets go to the State.

Although cryptocurrencies like bitcoin have gone mainstream, non-fungible tokens (NFTs) were relatively unknown until 2021. You may have heard about 鈥淏ored Apes鈥� worth tens of thousands of dollars, 鈥淐ryptoKitties鈥� breeding, or artist Beeple selling an NFT for $69 million through Christies auction house.

Attorney Britt Burner discusses the importance of funding trusts, selling property within trusts and the value of keeping the document in good standing.

All supplemental needs trusts (鈥淪NT鈥�) are created for the sole benefit of a disabled individual. This type of trust is designed to provide support for a beneficiary without jeopardizing their receipt government benefits, namely Medicaid and SSI.

On January 1, 2020, as we entered another year without any idea of what was on the horizon, a new federal law took effect regarding retirement accounts. The SECURE Act, 鈥淪etting Every Community Up for Retirement Enhancement鈥�, affects millions of Americans who have been saving through tax-deferred retirement plans.

Condominiums (鈥渃ondos鈥�) and housing co-operative (鈥渃o-ops鈥�) seem very similar. Generally, both are apartments within a multi-unit building. The major difference lies in the ownership structure.