Why do people choose assisted suicide?
The idea of doctor-assisted suicide has been growing in popularity in recent years. Canada, Belgium, Netherlands, Luxembourg and Switzerland have legalized voluntary euthanasia. Australia, France, South Africa and United Kingdom are considering similar measures. In the United States, five states have legalized physician assisted suicide via legislation (California, Colorado, Oregon, Vermont and Washington)...
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Must an Executor or a Trustee provide an Accounting?
Being an Executor of an Estate or a Trustee of a Trust comes with having fiduciary responsibility to the ultimate beneficiaries. One such responsibility is to provide an accounting: a report of all the revenue and expenses. There are several instances where an accounting might be done: Usually, the Executor or...
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Was your aunt unduly influenced by her neighbor when she transferred her house to him?
Issue of undue influence comes up often in the context of contested probate proceedings. A relative dies, and when the heirs start going through the estate of the dearly beloved, it turns out that there is not much left. Apparently 3 months before her death the aunt transferred her $2MM Manhattan apartment to...
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How to Talk to an Aging Unsafe Driver
Driving is one of the most sensitive topics for caregivers of elderly. Driving is all about independence and it is one of the most emotional things for a senior to give up. Furthermore, it is hard to get around most of US without a car. So giving up your driving will almost always...
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Spell the name of the Witness to Your Will
In New York, every Will must be witnessed by at least two witnesses. When the Will gets probated in Surrogate Court, the names of the Witnesses must be listed on the Probate Petition. Therefore, the Executor of the Will has a real problem when the signatures of the Witnesses are illegible and no...
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Revising Your Will Based on Changes in Law and Changes in Facts
It is important to revisit your documents at least once every 5 years. As the tax law changes constantly, the documents created in the past may no longer be the most efficient ones. As your family situation changes, your Will may become completely outdated.Changes in LawIn the past, estate tax threshold used to...
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Planning for a Childless Couple
There are different motivations for living child-free. Some couples focus on careers, travel or hobbies. Others see children as a burdensome financial obligation. Yet others are unable to have children. Regardless of reasons, planning for a childless couple may be somewhat different than for a couple with children (no need for guardians for...
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Simple Steps You Can Take Now to Protect Your Assets
As discussed in the previous article, there are very few of your assets that are protected from creditors in the event of a lawsuit. There are some simple steps that you can take to address your asset’s vulnerability to attacks by creditors. Buy insurance. You should have a liability...
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What Assets are Protected from Creditors?
Regardless of the President that is sitting in the Oval Office, the litigious nature of our society is not going to change. There are many instances in which a client can be sued, including but not limited to: injuring someone in a car accident, being sued for malpractice, involvement in a business dispute, or...
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Second Marriages: Causes of Family Strife!
When spouses divorce, there are often children left from first marriage. When one of the spouses remarries, he should be very careful that the children from the first marriage do not get disinherited.The second spouse, who is often much younger and less financially secure, may exert pressure on her husband to provide for her...
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