Change In New York Law Cuts Off Designation Of Former Spouse As Beneficiary Of Assets On Death
Divorce or Annulment Now Revokes Any Revocable Disposition or Appointment of Property to a Former Spouse Under former law a divorce did not revoke many revocable dispositions ( “testamentary substitutes”), such as lifetime revocable trusts (including Totten Trusts), life insurance policies, or joint tenancies (including joint bank accounts). Nor did a divorce revoke a power […]
Read MoreCustody Disputes – Children’s Bill Of Rights
In our practice, we repeatedly see divorcing parents take extremely destructive, hurtful and even downright stupid actions in custody/visitation disputes. These parents, who often are hell bent on “getting even” with their spouse, sometimes do and say the most outrageous things in the name of revenge, and confuse and emotionally damage their children in the […]
Read MoreNew York’s Home Equity Theft Prevention Act
New York has enacted The Home Equity Theft Prevention Act effective February 1, 2007. The Act creates two new statutory provisions: Real Property Actions & Proceedings Law Secs. 265-a and 1303, and amends Section 595-a of the Banking Law. The new law requires require written disclosure to homeowners regarding the terms of the title transfer […]
Read MoreNYS Law Update – New Right To Decide In Advance Who Will Handle Your Funeral/Burial Arrangements
Sept. 1, 2006 – A New York law recently taking effect now gives domestic partners the right to control the disposition of the remains of a decease partner when one of the partners dies (See New York’s Public Health Law Sec. 4201, which is effective as of 8/2/06). The new law places a domestic partner, […]
Read MoreNYS Law Update – Termination Of Parental Rights Terminates Inheritance Right Of Parent
A Parent Who Loses Rights to Child Also Loses Inheritance Right in NY On July 26, 2006 Governor Pataki signed into law (chapter 285) a new EPTL, 4-1.4. This new law provides that a parent whose parental rights to a child were terminated under Social Services Law § 384 (b) is disqualified from sharing in […]
Read MoreWhat Do I Need To Know To Do To A Will And Plan My Estate?
This is a question we hear regularly from clients. In order to assist you in addressing this question for yourself, here are some of the important basics for you to know: Your Last Will and Testament (“Will”) is a legal document that sets forth, in detail, what is to happen to your property after you […]
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