Probate Archives - Page 7 of 12 - Anthony S. Park PLLC

When someone dies, there’s a lot going on. So it’s not really one person in charge, but possibly several different folks in charge of different things. We’ll talk about all those roles, so you know what to expect and how to plan.

Today we’ll describe a few folks “in charge”:

Next-of-kin
Burial agent
Trustee
Executor
Administrator
The State

Lastly, I’ll the often-forgotten type person “in-charge”

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E118 Expired Letters of Administration in New York

August 22, 2019/in Probate /by Anthony Park

We’re explaining a common situation for our probate clients. This will save you a phone call or some emails with us or your lawyer.

For everyone else, this gives you a little window into the probate process for your own estate planning

We’ll cover:

What does “expired letters” mean?
Examples of when you’ll run into this
How to get “fresh” letters
Why do letters expire?

Lastly, I’ll tell you about the one exception, where letters really DO expire

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Pick up my books on personal finance, probate, and executors. Reviews always appreciated!

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E114 Things to Do Upon the Death of a Family Member

August 8, 2019/in New York Probate, Probate /by Anthony Park

I understand it’s hard to get organized when someone has died. But as a professional executor for hundreds of families, I’ve seen how important it is to avoid legal, tax, and most importantly family problems.

Today we’ll cover:
6 things to do immediately
7 things to do within first week
2 things to do within month
5 things to do AFTER choose lawyer and executor

Lastly, I’ll share 3 power tips on how even following these steps may not be enough to avoid long-term problems

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READ

Pick up my books on personal finance, probate, and executors. Reviews always appreciated!

==========

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Sign up to my email list for Free giveaways and book announcements

==========

WATCH

Subscribe to my YouTube channel

==========

LISTEN

Subscribe to the “Simple Money Wins” podcast at:

==========

E112 What Happens to Your Stocks When You Die?

August 1, 2019/in Probate /by Anthony Park

Stocks are your piece of the US economy, and can represent years or decades of patient compounding.

You it’s probably really important to you what happens to your hard earned investments when you pass away.

It mostly depends on how you own your stocks.

We’ll cover what happens to your stock when you die:

With a trust
With named beneficiaries
With a will
With no plan

And lastly, we’ll explain why the speed of these different choices matters so much.

==========

READ

Pick up my books on personal finance, probate, and executors. Reviews always appreciated!

==========

JOIN

Sign up to my email list for Free giveaways and book announcements

==========

WATCH

Subscribe to my YouTube channel

==========

LISTEN

Subscribe to the “Simple Money Wins” podcast at:

==========

E110 What Happens to Your Debt When You Die?

July 25, 2019/in Probate /by Anthony Park

Will you burden your kids with your debt when you die? Not a great legacy. We’ll cover all the ins and outs of debt and death.

Today we’ll cover:

1. When heirs do NOT inherit debt
2. Some exceptions
3. Why debt collectors keep calling heirs

Lastly, I’ll explain how your heirs can turn the table and actually increase their inheritance.

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And at the end, we’ll share 2 tips on how to make selling art in probate a little bit easier.

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Here’s a recent example that could drive non-professional executors loco

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E91 Would You Trust ACS with Your Kids? 956x423

E91 Would You Trust ACS with Your Kids? (Reminder to Name Guardians)

June 7, 2019/in Personal Finance, Probate, Wills /by Anthony Park

If you don’t have a plan in place, what happens to your kids in an emergency? If the police can’t locate next of kin immediately, your kids may be off to ACS, or foster care.

A recent probe revealed concerning facts about ACS.

Links:

https://nypost.com/2019/05/05/acs-is-often-careless-when-handing-kids-to-foster-parents-probe/

http://lauraecowanlaw.com/

https://www.wpaslaw.com/