When we use a trust to distribute our estates, we can usually avoid probate so many beneficiaries believe the process should be easy and over within a month or two.
If your heir dies, what happens next? This is an issue that comes up in estate law. If not frequent, it is certainly not rare. After you write your will, what happens if your heirs die before they can ...
When mapping out your estate plan, you may come across the term “residuary estate.” In simple terms, a residuary estate is any part of your estate that hasn’t been distributed to your heirs through a ...
Even if a will or trust does contain a tax-apportionment clause, directing payment of all taxes out of the residue may not be the best tax result for the beneficiaries and may not mirror the ...
Recent New York courts have upheld the validity of a decedent’s will, confirming the spouse as the sole residuary beneficiary and dismissing objections, while reversing a probate order due to issues ...
In In re Estate of Moore, a decedent executed a will that provided that the residuary of his estate would be held in trust for his mother, and such trust would terminate on her death with the assets ...