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When you buy a piece of residential real estate, you don't just pay the asking price: You also have to cover a lot of different closing costs. Some of these, like broker fees, may not be negotiable. Others of them may be expenses that you can avoid.  Some people will...

When you do your estate planning, one option that you might be pondering is an incentive trust for your heirs. These types of trusts operate on the carrot-and-stick philosophy, i.e., the “carrot” is the money the beneficiaries will receive if they comply with the...

Sometimes, people have unusual terms in their estate plans that baffle their families. The appointment of the least responsible family member or a child who lives across the country as an executor are perfect examples of situations that lead to trouble. So can...

Most people working in the Great Neck region of New York believe they have a good grasp of the state’s wage and hour laws. However, it is critical to make sure you understand these laws to ensure you receive fair wages for fair work. Another reason to learn more is...

Buyers and sellers generally agree to finalize the purchase of a home within a certain amount of days when they enter into a contract with one another. This is called the “closing” date. Many reasons may necessitate a closing delay. You may wonder what your options...

Except for Native Americans, everyone in the U.S. has ancestors from another country or are immigrants themselves. Unfortunately, too many people forget that when they encounter someone with a “foreign” accent, name or appearance.  The same is true when they encounter...

The estate plan someone leaves behind will shape the lingering effects they have on the lives of their loved ones and the world. Those who take the time to plan their legacy carefully are often eager to share their wishes with friends and family members.   Sometimes,...

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...

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...

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...