legal estate lawyer – Carbone & Carbone LLP

10Mar 2015 by Marty

You are never too young to have a will

[caption id="attachment_387" align="alignleft" width="259"] Legal Wills - What you need to know, by Martin Carbone, Wynantskill, NY & Schenectady, NY[/caption] NOW IS THE TIME TO PLAN A WILL IN ALBANY NY Thinking about getting a will drafted up is often a dreadful and morbid thought. It’s something that a lot of people would rather not deal with, especially when they feel they have many more years ahead of them. When deciding to create a will, a person does not have to be in their “golden years” to do so. In fact, the earlier a person puts a will in place, the better off they will be in terms of the overall security of their family’s best interest. When a person has a properly crafted will in place, they are essentially protecting…

07Mar 2015 by Marty

Adding a Codicil to your Will

Legal Services

[caption id="attachment_387" align="alignleft" width="259"] Legal Wills - What you need to know, by Martin Carbone, Wynantskill, NY & Schenectady, NY[/caption] CHANGING YOUR WILL Once people already have their Wills in place, they often find themselves in a position where they want to change or add a particular provision. The easiest way to go about adding a new stipulation to one's Will is to draft a Codicil. A Codicil is defined as a supplement or an addition to a Will. It may explain, modify, add to, subtract from, qualify, alter, restrain or revoke provisions that are present in an existing Will. By adding a Codicil, it does not revoke the existing Will in its entirety but rather amends it to reflect the desired changes and modifications. The execution of a Codicil…

22Feb 2015 by Marty

Before it’s Too Late, consider a LifeEstate

Blog, Hot Topics in Law, Legal Services

[caption id="attachment_351" align="alignleft" width="300"] Carbone & Carbone LLP - Life Estate Lawyers in Albany NY and Saratoga Springs NY[/caption] WHY YOU NEED TO MAKE A LIFESTATE NOW IN UPSTATE NY During their lifetime, people acquire many assets. These assets often include real property such as houses and land. They also may have a large amount of cash in savings accounts and CD’s, as well as stocks and bonds. If a person becomes ill and cannot provide for him or herself, they may need to be placed in an assisted living program. As often discussed in the news, these programs and facilities are not cheap to say the least and if a person can’t afford them outright, their assets are often used up in no time at all and the remainder…

08Apr 2011 by Marty

Where there’s a Will, There’s a Way

Blog, Legal Services

[caption id="attachment_387" align="alignleft" width="150" caption="Legal Wills - What you need to know, by Martin Carbone, Wynantskill, NY & Schenectady, NY"][/caption] As I’ve said in a previous blog, everyone should have a will. It doesn’t matter if you have Bill Gates money or if you are living paycheck to paycheck. Having a will securely in place provides financial stability and piece of mind. Contrary to popular belief, one does not have to take the time and itemize every single item or artifact they have acquired through his or her lifetime. All one has to do to ensure their loved ones inherit their worldly possessions is to set up what is commonly referred to as a “simple will.” It’s simple because it is direct and to the point. There is not a…

21Jan 2011 by Marty

The Probate Process

Blog, Legal Services

[caption id="attachment_487" align="alignright" width="300" caption="Marty Carbone - Albany NY Lawyer: Services include Drafting Legal Wills"][/caption] People tend to not like dealing with dreary matters such as preparing for the death of themselves or a loved one. While it is understandable to avoid such topics, it is in one's best interest to take a proactive approach in dealing with their future demise. The best way to ensure one's estate is handled properly is to make out and publish a will. However, people often put off doing so and then they suddenly pass away, leaving their loved ones "holding the bag." When a person dies without a will, they are said to have died "intestate" and their estate is subject to probate. Unlike when a will is in place, the estate automatically…