A recent article by Thomson Reuters details how the late Apple CEO Steve Jobs has done a good job of moving assets into trusts in order to keep them private from the public. Jobs, who has a reputation for being secretive of his company’s products as well as his personal…
Administrators and Executors in New York, sometimes referred to as estate fiduciaries, have many powers and responsibilities. The New York Probate Lawyer Blog has discussed many of these aspects of estate settlement including the identification and collection of a decedent’s assets and the payment of expenses, debts and taxes. Reference…
Forbes is reporting on a lawsuit that alleges political figures in Panama, including three Supreme Court judges, have ripped off poor children who were entitled to millions of dollars. The money was in a trust that instead allegedly was turned over to a non-beneficiary after accepting bribes. Although this is…
The New York Probate Lawyer Blog has talked about many situations involving the probate of a decedent’s Last Will or the intestate administration of an estate where there is no Will. These proceedings comprise the most basic avenues for a decedent’s estate settlement. However, even more fundamental, and as a…
A new study by AARP, university research and the government shows that fathers are less likely to die of heart-related illnesses than men without children, the Associated Press reports. The study is considered the largest ever to look at fertility and mortality and involved 138,000 men nationwide.While this may be…
September is World Alzheimer’s Month, calling attention and awareness to this devastating disease. It is also a time to reflect on how we should all be planning to help older family members and friends who have yet to get a handle on their estate plans. In some cases, a Manhattan…
New York estate probate cases in Queens and Brooklyn, as well as other counties throughout New York State, can become very complicated due to improper pre-death transfer of assets. In what has become a familiar occurrence, a close family member or confidant such as a health care aide, arranges for…
The Associated Press is reporting that Michael Jackson’s estate has generated $310 million since he died two years ago mired in debt, enough to allow officials to make a $30 million payment to his mother and three children. It must have taken an astounding amount of work to generate $310…
As the New York Probate Lawyer Blog recently reported, women in New York and elsewhere are resistant to planning their estate. A recent Forbes article encourages women to take the necessary steps. While women aren’t alone in their procrastination of estate planning in New York, they seem to take an…
Executors and other fiduciaries in New York, such as Administrators, are given numerous powers to help them handle estate settlement including the collection of estate assets. A fundamental job of a fiduciary such as an Executor in Manhattan or Westchester or other New York locality, is to protect and collect…