A power of attorney (POA) is a vital legal document that authorizes an individual, known as the agent, to act on behalf of another person, called the principal, in matters related to financial and legal affairs. However, sometimes disputes arise…
The New York Surrogate’s Court Procedure Act (SCPA) is a set of rules and guidelines that govern the administration of estates and trusts in the state of New York. One of the key sections of this act is SCPA 2103,…
The in terrorem clause, also known as a “no-contest” or “forfeiture” clause, is a provision commonly included in wills and trusts to deter beneficiaries from challenging the validity of the legal instrument. In New York, this clause is recognized and…
Fiduciary Accountability In New York, a fiduciary is an individual or organization entrusted with the responsibility of managing the property and assets of another party. Fiduciaries include executors, administrators, and trustees. They have a legal obligation to act in the…
In the state of New York, the probate process can become complex when a decedent’s last will and testament cannot be found. In such cases, a “lost will proceeding” may be initiated to prove the existence and validity of the…