New York residents are commonly under the assumption that probate is extremely bad and should be avoided. Many people believe that by undergoing the estate planning process, they can bypass probate upon their death. The reality is that probate isn't always bad. What...
Month: April 2021
Month: April 2021
Should all of your assets be put in a revocable living trust?
Some New York residents set up a revocable living trust to help ensure the best interests of their beneficiaries and their assets. Living trusts are well known for keeping the assets out of probate court so that beneficiaries can have access to them in a timely...
Disclosures that need to be made when selling a home
If you are selling your New York home, you must generally disclose as much information about the property as possible to the buyer. Doing so allows this person to make an informed decision as to whether or not the house is worth what he or she is willing to pay for...
Do tipped employees get overtime pay?
The minimum wage in the state of New York is $11.80. Some counties have a higher minimum wage, but all employers in New York must pay at least $11.80 per hour. However, the system works a little differently for tipped employees. Their employers still have to pay the...