Blog

A LITTLE KNOW-HOW SAVES THE DAY.

  Yesterday, a real estate broker with whom I work closely called to see if I could help with a property sale from an estate that she was working on.  It was a complicated matter and for a while it looked like a real problem, but then I was able to offer a solution that

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Purchasing an Apartment in a Building With a Ground Lease

A ground lease is an arrangement where the coop owns the building, but someone else owns the land under it.  Sounds strange, but it’s an ancient kind of property arrangement, and it allows the owner to reap rental income in ways that are sometime desirable. Because a ground lease is usually for a term of

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Advance Directives and Dementia

It’s no joy to think about your will and what will happen after your death, but if there’s one subject that’s even harder, it’s how you would deal with medical issues in a condition of incapacity — and then it’s even harder to think about the situation of an incapacity due to dementia. But it’s

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IF YOU ARE DIVORCING, CHANGE YOUR WILL NOW.

Many websites advising on what to think about when divorcing say you should be sure to change your will once it’s all over.  That’s good advice, but it doesn’t go far enough.  Changing your will and other legal documents should be one of the very first things you do. Putting it bluntly, if you have

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Write a New Will Before the Divorce, not After.

A very troubling case was referred to me recently by a close colleague who is a matrimonial attorney. His client died while in the midst of an acrimonious divorce. The result is the exact opposite of what the client would have wanted — since the husband she was divorcing was still her husband at the

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The Estate with Investment Properties

What could be better than inheriting an estate with real estate holdings? Look around any area of this city — that’s how many of the most prominent real estate empires were built. But it’s not all wealth and power for the heirs. There can be a lot of issues to deal with. Real estate assets

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Have you been asked to sign a Waiver and Consent?

When a close relative dies, and someone other than you has been named in the will as the executor of the estate (or applies to the court to administer the estate, if there was no will), you will receive a Waiver and Consent document and you’ll be asked to sign and return it. This is

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The Family Home

There’s great pride in passing a family home from one generation to the next. Sometimes, this allows relatives to remain in close contact under one roof and ensures attentive care to the elders and the children. But it can create a lot of conflict, too. When a property passes from one generation to the next,

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Possible Futures…

Part of the job of estate planning is thinking through the different ways the future might work out — who will survive whom, whether a beneficiary will be a minor or an adult at the time she receives the bequest. It’s important to take a range of possibilities into account. For this reason, I have

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Rewriting My Own Will — An Estate Lawyer’s Reflections.

I’m accustomed to the challenges of being an estate lawyer. But I’m not accustomed to the challenges of bring a client! Rewriting my own will after a long time, I was surprised at some of the issues I encountered. For one, I found that some of the people who I would most want to name

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Ten Do’s and Don’t’s for Writing Your Will

1.) Don’t put it off. Misfortune can happen at any time, and it’s much better to have your wishes stated in an actionable legal form than not to. 2.) Don’t get lost in the weeds. There can be a lot of issues and decisions involved in writing your will and other documents. But if you focus too

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