Ancillary Probate
Sep 11, 2017Question: My mother is a resident of Florida and owns a condominium and several financial accounts in her sole name. She also owns a summer home in New York that is titled in her sole name. If she wer...
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Kera Murphy Reed's Legal Guides (40)
Uniondale, NY
Elder law Lawyer at Uniondale, NY
Practice Areas: Elder Law, Estate Planning ... +2 more
It’s Not Too Late To Elect Portability
Jul 17, 2017The estate tax concept tax known as "portability" is permanent as a result of the enactment of the American Taxpayer Relief Act of 2012. Portability allows a surviving spouse to use a deceased spouse’...
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Jul 10, 2017Some of the most costly estate planning mistakes I see involve retirement accounts. The mistakes are usually made in the beneficiary designation forms. These forms are typically completed when the acc...
See Full GuideCredit Card Debts of a Decedent
May 26, 2017As executor of your brother’s estate you have the responsibility to pay the debts out of the assets of your brother’s estate. Assets that are includible in the estate are ones that are in your brother...
See Full GuideNew York State Tax Update
Mar 29, 2017The New York State Estate Tax exclusion amount will be increasing again as of April 1, 2017 to $5,250,000. This is an increase from the $4,187,500 exclusion amount which has been in effect since April...
See Full GuideEstate Closure and Fiduciary Liability
Dec 12, 2016Once you have collected the assets of the estate, paid the expenses, debts, and taxes you are ready to begin the closure of the estate. In order to close the estate you should prepare what is known as...
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Oct 31, 2016Q: My father is an assisted living facility and while going through some of his papers, I found that there is a bank account worth about $100,000 in his sole name that I am listed as a transfer on dea...
See Full GuideUpdating Your Estate Planning Documents
Jul 25, 2016Consider this scenario: An individual executes a will in 1995. The Will leaves all of his personal property (household furnishings and other personal effects), to his friend who is also the named Exec...
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May 16, 2016Q: I am unmarried and have no children. My parents are deceased and I have one sibling, a sister. I currently have no will. Who would inherit from my estate if I died without a will? Intestate Passing...
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Apr 08, 2016A common question is happens if the executor cannot find a will when a loved one passes away? Where to Store Your Estate Planning Once a person takes the time and effort to prepare their estate planni...
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