Like dental work and filing income taxes, estate planning is not something most people typically enjoy - and is often put off till it’s too late. This reporter’s own father - who sold life insurance for a living - did not purchase cemetery …
Tag: Probate
Say you and your spouse own a single-family home. You’ve got two grown kids and a couple of grandchildren. When the time comes, assuming your will and other end-of-life documents are in order, seeing to it that your property and assets are …
Q. My brother passed away in August of last year. He was a cooperator at Rochdale Village, in Jamaica, New York. When we went to sit down with management, we were informed that the deposit my brother put down in 1992 is all that can be ex…
They are subjects no one ever really wants to discuss: death and divorce. But when it comes to safeguarding an asset as valuable as a family co-op or condo, those discussions become imperative, however uncomfortable they may be. Should the…
It is said that the only two things that you can truly count on are death and taxes but if you own a co-op or condo and haven’t adequately prepared for your own eventual demise, you can also count on your passing causing even more grief for…
I would like to establish a revocable living trust and place my co-op apartment in the trust. This will avoid probate for my heirs. My co-op board is unwilling to agree to my request. I have not been given a reason for this. How can I convi…
Planning for what happens to your estate upon your death is never a pleasant chore, but if you own property of any kind, that planning is an vital responsibility. While there are many aspects and legal mechanisms that can be considered…
Q My parents are both in their seventies and have begun setting their financial affairs in order. They have put whatever assets they own, such as cars, stocks and bonds, into their family trust in order to simplify their estate and avoi…
Most of us don’t like to spend a lot of time contemplating our so-called “final wishes”—we’d much rather leave planning our wills and executing our estates for another day. Uncomfortable as the subject is for many people however, it’s …
Q I have been a shareholder in my Brooklyn co-op since 1986, and am facing a problem that has come up since my husband’s death almost 18 months ago. My husband was an active participant on our board of directors—past president, vice pre…