A New York Probate Lawyer said this is an accounting proceeding in which the court is asked to determine whether assets of the estate located in New York should be distributed directly to legatees or whether they should be transmitted to the California administrator for distribution there. A New York…
A Probate Lawyer said this case involves a poor estate administration. Plaintiff sues to foreclose a mortgage on certain property because of defaults in the payment of installments of interest by the mortgagor, XYZ Corp. The City of New York, as a party defendant, claims unencumbered title to the subject…
A New York Estate Lawyer said that, the testator, while a resident of New York, executed a will in 1904 and a codicil thereto in 1911. He died a resident of Rhode Island in 1912 and the aforesaid instruments were admitted to probate as his will in that state. A…
A New York Probate Lawyer said that, this is a motion to dismiss an amended petition filed in a pending accounting proceeding. The amended petition states two causes of action seeking damages in the amount of $20,000 (less disbursements of up to $3,000) from the movant arising out of his…
The Facts of the Case: On 30 December 2006, the decedent died a resident of Nassau County leaving a last will and testament dated 13 July 2006. On 19 March 2007, the will was admitted to probate and letters issued to A and B as co-executors and co-trustees. After making…
The niece of a deceased ice cream chain owner has ended up in bankruptcy court, indicated a firm of New York Estate Planning Lawyers. It is her assertion that she is the rightful heir and administrator of the ice cream fortune – not the foundation to which the money has…
During one of the state of Illinois’ largest ever tax increases; the new public act appears to contain a nice loophole for the wealthy deceased, said a New York Estate Planning lawyer. Earlier this year the Governor of Illinois signed into law the Public Act 096-1496, the Taxpayer Accountability and…
The Estate Planning community is in a buzz over a new tax law approved by president Obama in late December of 2010. The Tax Relief, Unemployment Reauthorization, and Job Creation Act of 2010, or TRA 2010 for short, is a “game-changer,” one New York Estate Planning Lawyer is saying. In…