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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...
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...
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...
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...
You may have diversified your personal holdings to protect yourself and your family members against any economic changes. However, the more complex your holdings are, the more likely it is for your family members to fight over some of your assets after you die. The...
When transferring the ownership of real estate or property to your loved one or a trust, you must sign off your legal claim to the property or asset under consideration. The fastest way of doing this is by using a quit claim deed. A quit claim deed is a legal document...
As the number of seniors increases, so do the number and variety of 55+ communities. From neighborhoods with single-family homes to luxury high-rise condos, New York has something for everyone who wants to downsize a bit and leave some of the maintenance and other...
You’ve been searching for a new home now for several months, and you finally found something that's perfect for you. The house is an ideal size and it’s in a great location. You’re ready to move forward with the deal. Unfortunately, real estate transactions can be...
Planning how your assets will be distributed when you die is one of the most important steps you take to safeguard your future and protect your loved ones. Without a clear plan, your estate could become the genesis of a protracted conflict that can result in...
Power of attorney is an important estate planning tool that allows you to designate a trusted friend or family member to make financial and healthcare decisions on your behalf should you be incapacitated. Like with the other estate planning tools, a power of attorney...