Probate

Creating an estate plan gives you an opportunity to decide what should happen to your property after your death, but deciding who receives your assets is only part of the planning process. You should also consider how those assets will reach the people you have chosen. If significant property remains in your individual name when you die, your family may need to navigate probate before that property can be transferred to your beneficiaries. Probate serves an important legal purpose, but the …

As your family grows and your financial life becomes more intricate, your estate planning needs will likely expand as well. What begins as a simple plan, often including just a Last Will and Testament, may need to be revised and strengthened over time. For many people, one of the additional goals they incorporate into their comprehensive estate plan is probate avoidance. To ensure that your estate plan is a success, the Long Island attorneys at Eghrari Wealth Training Firm discuss why avoiding …

When a loved one passes away, their estate typically goes through a court-supervised process known as probate. Probate is meant to ensure that debts are paid, and assets are properly transferred to beneficiaries or heirs. Although probate is intended to facilitate the orderly administration of an estate, disagreements sometimes arise. These conflicts can lead to probate litigation. To help you better understand the issues that can arise, the Long Island attorneys at Eghrari Wealth Training Firm …

Probate is a legal process that takes place after someone passes away, ensuring that their assets are distributed according to their Last Will and Testament or, if there is no Will, in accordance with state intestate succession laws. Despite being a common legal procedure, probate is often misunderstood with myths and misconceptions about probate often leading to unnecessary fear and confusion. To help you navigate the process, the Long Island attorneys at Eghrari Wealth Training Firm discuss …

Serving as the Executor of an estate in New York is a significant responsibility that involves navigating complex legal and financial issues and procedures. Unfortunately, many Executors make mistakes that can lead to unnecessary delays, legal disputes, or even personal liability. If you have been appointed as an Executor in New York, the Long Island attorneys at Eghrari Wealth Training Firm explain the most common mistakes and how to avoid making them. Can We Help You Avoid Mistakes as the …

When an individual passes away, surviving loved ones are faced with the daunting task of administering the decedent’s estate. This legal process, referred to as “probate” can be a complex and time-consuming process. If the decedent left behind a valid Last Will and Testament, the individual named as the Executor in that document is responsible for overseeing the probate of the estate. Although it is always best to work with an experienced probate attorney if you find yourself acting as the …

If a loved one recently passed away, you are likely still going through the grieving process. The last thing you may want to think about is probating the decedent’s estate. Someone, however, must oversee the probate of the estate. If you were named in the decedent’s Will as the Executor of the estate, the decedent trusted you to handle his/her estate. If the decedent died in testate (without a Will), you may be the logical choice to handle the administration of the estate. Either way, the Long …

At some point during your life, you may find yourself in charge of overseeing the probate of an estate. If you do find yourself in that position, at least a basic understanding of the probate process will be necessary. That same level of understanding is necessary when you sit down to create your own estate plan. A good starting point is learning what assets are part of the probate process. The Long Island probate attorneys at Eghrari Law Firm explain what assets bypass probate and why avoiding …

If you are responsible for administering the estate of a decedent, you have an important job ahead of you. One of decisions you need to make is to determine if the estate must go through formal probate or if an alternative for small estates is available. The Long Island probate attorneys at Eghrari Law Firm help you decide if an estate can avoid formal probate in New York. Formal Probate Basics The assets owned at the time of death comprise the estate of a decedent at the time of their …

A Smithtown revocable living trust is a legal tool that you can use to provide protection for your assets and to help you avoid the probate process. Eghrari Law Firm  will help you to determine if you should create a revocable living trust and will assist you in understanding what this type of trust can do for you.  Eghrari Law Firm has extensive experience with revocable living trusts and with other legal tools that allow you to protect assets and provide for heirs or beneficiaries in an …