Jan 25, 2023

What is the minimum estate size that a professional executor will accept? A few prospective clients have called asking, so we’ll review bank executor minimums, our minimums, and some exceptions.

Bank executor estate minimum size requirements

Typically, bank minimum sizes are high. In New York, it has been as high as...

Jan 18, 2023

Economic recession affects probate, just as much as wages, gas, and your grocery bill. We’ll share a few ways we’ve seen how it’s been impacting probates.

Takes longer to collect probate assets

First, there are major delays in collecting assets. Banks, brokerages, unclaimed funds, etc. are taking way longer than...

Jan 11, 2023

A shared Bitcoin family wallet sounds like a simple way for your heirs to inherit upon your death. We’ll discuss the advantages of this setup, as well as some important drawbacks.

What is a Bitcoin family wallet? It is a shared Bitcoin wallet, but not a multisig wallet. It is a singlesig wallet/device/app...

Jan 4, 2023

Sometimes a revocable trust makes great sense for a solo ager estate plan. Generally, revocable trusts aren’t so great in New York, because they can be hard to fully fund. The main goal of a revocable trust is to avoid probate. Since revocable trusts are hard to fully fund, the goal of avoiding probate is not...