Simple Money Wins

E164 Can I Be Your Executor in Another State (Outside New York)?

E164 Can I Be Your Executor in Another State (Outside New York)

Yes, I can and have served as executor for clients outside of New York. You just need to be aware of the pros and cons.

Pros:
(1) General legal and tax knowledge
(2) Independence
(3) General understanding of process

Cons:
(1) No local knowledge
(2) No boots on the ground
(3) More expensive

E163 Always Leave Inheritance in a Trust Fund

E163 Always Leave Inheritance in a Trust Fund

Rich people don’t walk past free money, they pick it up (metaphor, not literally). Let’s discuss an estate planning example: asset protection trusts instead of direct gifts

Today we’ll discuss:
(1) What’s a direct gift?
(2) What’s an asset protection trust?
(3) Why it’s “free money” that EVERYONE should take

E162 Post-Coronavirus Trusts Make Even MORE Sense

E162 Post-Coronavirus Trusts Make Even MORE Sense

There are lots of reasons why a trust is better than just a will. And post-coronavirus, a trust makes even MORE sense.

Today we’ll discuss:
(1) Video notary instead of witnesses
(2) Quarantine is a new type of incapacity
(3) Locked down courts: another reason to avoid probate

Anthony S. Park

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.