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estate planning and probate Archives

Looking at the benefits of spendthrift provisions

If you are in the middle of creating a trust or are simply beginning to approach the estate planning process, you could have all sorts of questions, some of which may be unique to your situation. For example, you may want to give a portion of your estate to a beneficiary, but you may be worried that the person will not be able to manage the assets properly, for one reason or another. Our law firm knows that in some cases, spendthrift provisions can help trustors who are struggling with this issue in New York City.

Reasons to contest a will

When it comes to estate matters, making sense of the situation can be challenging. Often, people in this position are already going through emotional pain after the loss of a loved one and many are unsure of which steps they should take next. Unfortunately, wills and other estate plans are not always handled properly after someone passes away, which can lead to all sorts of problems. Our law firm knows how devastating this can be for entire families across all of New York and we believe that it is very important to address these types of problems properly.

Working through an estate-related dispute

When it comes to estate matters, disagreements can arise for numerous reasons. Whether you are the executor of an estate or are a beneficiary who believes that assets are not being distributed properly, it is crucial to know your rights and do what you can to achieve a positive outcome. At Codispoti & Associates, we know that families across New York have encountered many different types of hurdles over these matters.

Planning a will

While the idea of planning a will is not generally pleasant, it is a necessary step for people in New York who want their wishes to be honored after their death. The will often involves important matters such as the care of children, as well as the division of large and small assets. Therefore, it is important to understand the process thoroughly in order to ensure that it is a valid legal document.

Addressing the breach of fiduciary duties

If you are struggling with emotional pain after recently losing a loved one, daily life may be difficult. Moreover, you may be trying to work through various challenges brought on by the passing of someone you cared deeply about. Unfortunately, some executors fail to respect the wishes of those who set up an estate plan and breach their fiduciary duties. At Codispoti & Associates, P.C., we know how upsetting this can be for people in New York City, and around the whole state.

The importance of having an advanced directive

End of life planning is an important task that many people in New York tend to neglect. Some of them do not realize that they do not need to be dying or disabled to benefit from having an advanced directive. Thinking ahead and preparing for the time(s) when they may be unable to care for themselves or make important decisions regarding their medical care can help to ensure that their preferences are known by their friends, family members and medical care providers. 

What to consider when choosing an estate executor

When creating plans to protect their estates, people in New York should also think about who they want to manage them. Their initial concerns may be to protect their estates from creditors and ensure their loved ones’ legacies. But they need to remember that once they die, they no longer have control over how their estates are run. According to Fiduciarytrust.com, “executors do not have to be family members. Financial institutions can also act as sole or co-executors with a decedent’s relative.” By choosing the right executors, they can make certain that their estates are managed properly. 

  • NYSBA
  • Brooklyn Bar Association 1872 Justice Integrity Honor Courtesy
  • National Italian American Bar Association Representing The Italian American Legal Community
  • Columbian Lawyers Association of Brooklyn
  • Columbian Lawyers Association of Rockland County
  • The Copyright Society of the USA
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Phone : 212-791-9453 Fax : 212-962-6791