Simple Money Wins
Anthony S. Park
Executor, Attorney, Entrepreneur
I’m a New York executor and attorney, helping folks with estates, real estate, and inheritance.
I’m also an entrepreneur, ranging from running a factory in east Africa to local retail businesses.
I also podcast and write books, to share knowledge about how to make your legal and money matters easier.
E300 Inheritance by Bitcoin Family Wallet
/in Bitcoin inheritance /by Anthony ParkA shared Bitcoin family wallet sounds like a simple way for your heirs to inherit upon your death. We’ll discuss the advantages of this setup, as well as some important drawbacks.
E299 When do Solo Agers Need a Revocable Trust?
/in Solo Agers /by Anthony ParkSometimes a revocable trust makes great sense for a solo ager estate plan. Generally, revocable trusts aren’t so great in New York, because they can be hard to fully fund. The main goal of a revocable trust is to avoid probate. Since revocable trusts are hard to fully fund, the goal of avoiding probate is not usually met. Here are a few reasons a revocable trust may nonetheless work for a solo ager.
E298 Is a Cash Buyer Better for Probate Real Estate?
/in Probate, Probate Real Estate /by Anthony ParkWhich offer for probate real estate is better: an experienced investor cash buyer, or an individual financed offer that’s supposedly $80,000 more?
In a recent case, turns out the individual offer was actually more like $30,000 (~3.5%) higher, plus tons of headaches and delays.