Monthly Archives: September 2020
Why Does a Will Need to Be Witnessed?
New York law requires a valid will to be signed in the presence of at least two witnesses. The witnesses must also sign the will, although they do not need to read it first or know its specific contents. The testator–the person making the will–must, however, declare the document they are all signing is… Read More »
What are the Benefits–and Potential Risks–of a Joint Tenancy Bank Account?
There are a number of estate planning tools that can help reduce the size of your future probate estate. One such tool is a joint tenancy. This basically refers to property that is co-owned by two individuals with the understanding that the survivor inherits full ownership outright. For example, let’s say you set up… Read More »