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Reena Gulati Blog

Why Some Families Regret Not Creating a Revocable Trust Until It’s Too Late
Most people think a will is enough. It’s not, especially when your family is left sorting through court filings, unexpected delays, and costly legal fees after you're gone.rnrnA revocable living trust is one of the most powerful tools in estate planning, offering flexibility during your lifetime and simplicity after your death. Unlike a will, a revocable trust allows your chosen trustee to manage and distribute your assets without court intervention. That means no probate. No waiting. No confusion.
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Why You Don’t Want Your Minor Child to Inherit Property in New York
Inheriting property can be complex, especially when the beneficiary is a minor. In New York, the legal challenges that arise when a minor child inadvertently inherits a deceased parent's property are significant. Understanding these challenges and how to address them is crucial to ensuring the minor’s interests are protected and the property is managed effectively.
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The Benefits of a Trust: Avoiding Probate and More
Estate planning is a crucial aspect of securing your legacy and ensuring your loved ones are taken care of after your passing. One of the most effective tools in this process is a trust. Trusts offer numerous benefits, particularly in avoiding the often cumbersome and costly probate process but that isn’t the only reason to have a trust.
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How Do Interest Rates Affect New York Residential Leases?
Interest rates have a nuanced impact on residential lease agreements, necessitating adept legal navigation. An experienced attorney can assist landlords and tenants in understanding these implications and ensuring compliance with New York real estate laws.
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Navigating Business Succession in New York State
Business succession planning is a critical aspect of ensuring the longevity and stability of any business. A well-thought-out succession plan is not just a prudent choice but often a legal requirement. Here are some of the key considerations and steps involved in business succession planning in the state of New York that every business owner needs to know.
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