Estate Planning for a Vacation Home
If you are lucky enough to own a vacation home, then you need to figure out what will happen to it after you are gone. Many parents hope to keep vacation homes in the family, but guaranteeing that can be tricky.
While meant to be fun and relaxing places to get away from everyday life, vacation houses can cause problems between siblings after their parents pass away. Some siblings may want to use the house, while others may need cash and want to sell. There [...]
What Happens If You Die Without a Will?
We all know we are supposed to do estate planning, but not all of us get around to it. So what happens if you don't have a Will when you die? Your estate will be distributed according to state laws, which may or may not be the way you want it to be distributed.
Dying without a Will is called dying "intestate." Each state has laws that determine what will happen to your estate if you don't have a Will. If you are married, most states award one-third to [...]
On Thursday March 23rd, Attorney Greg Catarella will be speaking for Tioga Opportunities on "A Matter of Trust: What is a Trust & Do I Need One?" This valuable presentation was held at 9am at the Village Municipal Building in Newark Valley.