When it comes to estate planning, the numerous inter-related goals and objectives can become overwhelming rather quickly. If you are not careful, important aspects of your estate plan could be overlooked. For example, have you considered the impact your estate’s liquidity will have on your overall estate plan? If the answer to that question is “no.” it is probably time to give it some thought. The probate attorneys at Law Offices of Kobrick & Moccia explain estate liquidity and discuss why … [Read more...] about Probate Attorneys Discuss Estate Liquidity
When most people think about estate planning goals they focus on things such as the divisions of their estate assets upon death and ensuring that loved ones are provided for in their absence. What people often tend to overlook is the fact that creditors of an estate are also entitled to file claims against the estate during the probate process. What happens though, if there is not enough cash in your estate to pay creditors? Because this is something that occurs frequently, it is in your best … [Read more...] about What Happens If There Is Not Enough Cash in Your Estate to Pay Creditors?
For most people, the primary reason for creating an estate plan is to ensure that family members and loved ones are provided for in the event of death or incapacity. While leaving assets behind for loved ones is certainly necessary to accomplish this goal, it may not be sufficient. The reason for this is that in order for those assets to serve their purpose they must provide immediate access to funds. In other words, they must be liquid assets. Therefore, it is crucial that you evaluate your … [Read more...] about Do I Have Enough Estate Liquidity?
A comprehensive estate plan should accomplish much more than simply providing a roadmap for the distribution of your estate assets when you die. Additional goals such as incapacity planning, tax and probate avoidance, and even retirement planning can also be incorporated into your estate plan. The primary purpose of your plan, however, will likely remain to protect and provide for your loved ones in the event of your incapacity or death. While the accumulation of assets over the years is … [Read more...] about Free Report: New York Estate Planning Considerations
Estate Liquidity: What You Need to Know from Saul Kobrick If you die or become incapacitated your loved ones may need immediate access to funds. Without pre-planning, your estate assets will be tied up in probate and unavailable for loved ones. Learn more about Estate Liquidity and what you need to know in this presentation. … [Read more...] about Estate Liquidity: What You Need to Know