People often think of asset distribution as something that happens almost immediately after a person dies. When a parent passes away, heirs get an inheritance and they can use it once they’ve collected it from the estate. The will is just a document that tells them...
Find Out How We Can Help
Year: 2022
Important considerations when investing in commercial property
Investing in a commercial property is a significant milestone. If you are already running a successful business, having your own property could eliminate rent while giving you more control over how you customize your premises at the same time. However, buying...
If your estate has outstanding debts, who pays them?
Your goal is to have paid off all of your debts by the time you pass away. You make a good living, so you know that it’s possible with the right planning. There is plenty of money to get things taken care of properly. But you also know that there are going to be some...
How I minimize the cost of probate in New York?
Pretty much everyone wants to pass down a little something to their loved ones when they die. You work hard to make wealth so you can provide for the people you care about. And the last thing you want is to see a huge chunk of your hard-earned wealth go to the...
Why a medical power of attorney is superior to advance directives
You can use an advance directive to make your medical decisions in a few different ways. The first one is simply to make your end-of-life treatment choices in advance, write down a list of instructions, and keep it on file so that the medical team can refer to it. For...
Extending the Public Health Emergency
The COVID-19 public health emergency, first declared in January of 2020, will continue through October 13, 2022, following renewal by US Department of Health and Human Services Secretary (HHS) Xavier Becerra. The decision comes in the shadow of another Omicron...
What is undue influence in estate planning?
You’re setting up your estate plan, and you want to make sure that things go smoothly and there are no disputes between your children. Maybe you’ve heard stories of families caught in these disputes, and they end up never speaking again or having a long-term falling...
Setting up a spendthrift trust for your beneficiary
You are making your estate plans and want to leave a substantial amount of money to your only child. You have some concerns because they are not good at managing their money. How can you provide for them without enabling their bad habits? A spendthrift trust fund is a...
Korsinsky and Klein Partners Selected to Super Lawyers List for 2022, Fourth Year in a Row
The team at Korsinsky and Klein LLP is excited to announce that founding partners, Michael Korsinsky and Joseph Klein have once again been selected to the Super Lawyers list for 2022. Super Lawyers is a rating service of outstanding lawyers who have attained a...
Why estate planning is essential even when you’re young
It’s argued that everyone should have a will, even if you don’t have an estate to consider distributing. Many young people wait to write their will until they’ve developed more assets, bought a home and created a nest egg. While a large focus of a will is asset...