Bond Requirements in New York Surrogate’s Court: When Fiduciaries Must Post Security

Bond Requirements in New York Surrogate's Court: When Fiduciaries Must Post Security

A family may agree on who should administer an estate and still encounter an unexpected issue before letters are issued: the proposed fiduciary is told that a bond may be required.

A fiduciary...

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Summary Judgment in Lieu of Complaint Under CPLR 3213: A Faster Route to Judgment in New York

Summary Judgment in Lieu of Complaint Under CPLR 3213: A Faster Route to Judgment in New York

Most New York lawsuits begin with a complaint, an answer, disclosure, and eventually a dispositive motion or trial.

CPLR 3213 creates an important exception. When an action is...

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Should You Leave an Inheritance in Trust Instead of Outright? New York Estate Planning Considerations

Should You Leave an Inheritance in Trust Instead of Outright? New York Estate Planning Considerations

A will that says "I leave my estate equally to my children" is easy to understand. It is not always the best way to structure an inheritance.

An outright gift...

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No-Contest Clauses in New York Wills: What Beneficiaries Should Know Before Objecting

No-Contest Clauses in New York Wills: What Beneficiaries Should Know Before Objecting

A beneficiary reads a will and discovers an unexpected disposition. A sibling receives most of the estate. A longtime caregiver receives a substantial gift. A prior will was dramatically different. The beneficiary wants to investigate whether...

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Account Stated Claims in New York: When Unpaid Invoices Become a Separate Collection Claim

Account Stated Claims in New York: When Unpaid Invoices Become a Separate Collection Claim

A business completes work, sends invoices, and waits for payment. The customer does not immediately dispute the charges. Months pass. Perhaps the customer pays part of the balance, promises to pay later, or simply...

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Powers of Appointment in New York Estate Plans: Flexibility That Can Change Who Inherits

Powers of Appointment in New York Estate Plans: Flexibility That Can Change Who Inherits

A trust may appear to state who ultimately receives its property, yet the final distribution can sometimes depend on a decision made years later by someone other than the person who created the trust....

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