Creating a Will in New York

Will pic

Wills
Image: katsosnylaw.com

Attorney Barbara Katsos practices with The Law Offices of Barbara Katsos in New York, NY. In her work there, Dr. Katsos focuses on estate planning, wills, and real estate law.

When a person passes away without a will in New York, his or her estate is distributed based on intestacy laws. This means that the closest relatives, such as a spouse or children, will receive property first. If the deceased had neither, his or her property will go to the next most closely related relative available. If the court cannot find a living relative, the state receives the estate.

Many people prefer to create wills so they can control where their property goes. New York law allows residents to make their own will without the aid of a lawyer, but it is advisable to seek legal assistance, especially if the situation is complicated or if the will is likely to be contested.

To make a valid will in New York, the document must be signed in front of two witnesses. These witnesses must also sign the will. Getting this document notarized is not required, but it can greatly speed up the probate process if the will’s owner and witnesses sign an affidavit with a notary.

Types of Partnerships

 

Law Offices of Barbara Katsos pic

Law Offices of Barbara Katsos
Image: katsosnylaw.com

Barbara Katsos is an accomplished attorney with decades of combined experience in law and school administration. Currently, Ms. Katsos serves as the owner of The Law Offices of Barbara Katsos in New York, NY, where she provides expertise in areas such as corporate law and partnership formation.

A partnership is a business structure in which two or more individuals collaborate and share ownership of a for profit venture. Partners, who share in the profits and losses of the business, have several types of business structures to choose from when establishing the legal entity.

1. Joint venture – this type of partnership is only established for a limited time period, unless extended by the involved parties.

2. General partnership – a partnership form in which all partners have an equal stake in the legal liability and financial success of the business.

3. Limited partnership – a more complex type of partnership that allows specific partners to have a lesser or greater stake in the finances, decision making, or liability of the business. This form typically includes at least one general partner and another partner, known as a silent partner, who has less operational control of the business.

The Forms of Guardianship

 

Law Offices of Barbara Katsos pic

Law Offices of Barbara Katsos
Image: katsosnylaw.com

A former education administrator, Barbara Katsos is currently a resident of New York and a practicing lawyer. As the owner of the Law Offices of Barbara Katsos in New York, NY, Ms. Katsos specializes in real estate and estate planning legal services, such as guardianship.

Guardianship refers to a legally defined relationship between one individual, known as a guardian, and another, known as a ward. Guardians are authorized to make decisions for the ward, who can be a minor or an adult.

The guardianship process is used when an individual is unable to make sound decisions for himself. This can be due to age-related conditions, drug or alcohol abuse, mental impairments, and physical disabilities, among others. Common forms of guardianship include:

Full guardianship: the guardian is authorized to make all decisions for the ward. Any individual eighteen years of age or older can serve as a guardian.

Limited guardianship: the ward retains a limited amount of control in decision-making. This form is often used when a ward struggles to make decisions in certain areas of life, but does well in other areas.

Conservatorship: a form of guardianship that requires greater reporting to the court. Conservatorship is often used to manage the estate of a ward, and can be used in conjunction with a guardian.

The Probate Process

Law Offices of Barbara Katsos pic

Law Offices of Barbara Katsos
Image: katsosnylaw.com

An experienced attorney, Barbara Katsos is the owner of the Law Offices of Barbara Katsos in New York, NY. In addition to real estate legal services, the firm offers comprehensive estate planning services that include assistance with wills, trusts, estate taxes, guardianship, and probate proceedings.

Probate refers to the formal legal process in which the estate of an individual is administered after his or her death, according to the wishes outlined in the will. The process includes identifying all property and assets owned by the estate, resolving any outstanding debts, and locating heirs and beneficiaries, among other work.

A court-supervised process, probate involves a personal representative who is named to oversee administration of the estate. The personal representative, often referred to as the executor, is charged with distributing assets to beneficiaries named in the will. Since probate laws vary from state to state, the personal representative is often assisted by an attorney who specializes in probate law.

ABA Releases Guardianship Reference Book

 

Guardianship Reference Book pic

Guardianship Reference Book
Image: americanbar.org

Prior to opening her own law practice, Barbara Katsos earned her juris doctor degree from the University of the City of New York Law School. Now serving clients at the Law Offices of Barbara Katsos, she also maintains membership in various professional organizations, such as the American Bar Association.

The American Bar Association recently announced the release of a new book the organization believes will make serving as a guardian or conservator markedly easier. The ABA says that the book, called Fundamentals of Guardianship, will serve as a comprehensive resource with answers to virtually any question a guardian or legal professional might have, as well as a compass to help guide the decision-making processes involved.

The book is the result of a collaborative effort between the ABA and the National Guardianship Association, leveraging the collective experience and expertise of both organizations to provide a go-to reference manual for guardianship issues. It is currently available for purchase from the ABA’s web store, and in addition to legal professionals and guardians, the book can also be helpful for law enforcement personnel, financial professionals, and others involved in legal guardianship matters.

Steinhardt’s Special Education Program Offers Several Degree Options

Special Education Program pic

Special Education Program
Image: steinhardt.nyu.edu

Prior to opening the Law Offices of Barbara Katsos, Katsos attended the University of the City of New York Law School, where she earned a juris doctor. Barbara Katsos also received a PhD in educational administration along with an MA in special education from New York University.

New York University Steinhardt’s special education program helps to prepare those in the program with the tools necessary to teach students with or without learning and physical disabilities. The program trains future educators to see each student as having varying amounts of untapped potential and degrees of skills.

The special education department also includes programs dealing with early childhood education, with an emphasis on helping children with disabilities reach their full potential. The master’s degree programs offer graduate degrees in both early childhood education as well as early childhood special education training. The programs provide students with initial teaching certifications for New York State for birth through grade two.

Calculating Child Support in New York

 

Child Support  pic

Child Support
Image: childsupport.ny.gov

The owner of the Law Offices of Barbara Katsos, attorney Barbara Katsos assists clients with a variety of legal needs. Although she specializes in law relating to estate planning and wills, her law office handles everything from real estate and international business transaction law to family and matrimonial law.

In the state of New York, child support is calculated based on the rules and guidelines laid out in the Child Support Standards Act (CSSA). According to this act, child support is meant to provide children with the same standard of living that they would have if their parents were still together. Generally, the non-custodial parent is expected to pay the “basic child support obligation” unless their share is found to be inappropriate or unjust by a court.

This obligation is calculated by multiplying the combined parental income by a child support percentage. The CSSA laid out these fixed percentages based on the number of children being cared for. For one child, child support is 17 percent of the combined parental income. This increases to 25 percent to two children, 29 percent for three children, 31 percent for four, and 35 percent for five or more children.

After the full child support amount is determined, the percentage of each parent’s income applies to the final amount. For example, if the non-custodial parent’s income accounts for 60 percent of the entire parental income, they are expected to pay 60 percent of the determined child support amount. These payments are made either weekly, biweekly, monthly, or bimonthly, and the frequency of the payments determines the amount of each individual payment.