3 Things You Need to Know about the Law Offices of Barbara Katsos

 

Law Offices of Barbara Katsos pic

Law Offices of Barbara Katsos
Image: katsosnylaw.com

At the Law Offices of Barbara H. Katsos P.C. in New York, NY, Barbara Katsos assists clients with a wide range of legal issues, including those related to estate planning. Listed here are three things that anyone interested in enlisting the professional services of Barbara Katsos and her team should know:

1. Along with estate planning, the firm’s attorneys offer services related to real estate matters, including property purchase and sale, leases, and co-ops and condominiums. Members of the team also have experience with family law and international business transactions.

2. Potential clients need to make an appointment to visit the firm. Individuals can schedule meetings with the attorneys by phoning, e-mailing, or submitting a message on the firm’s website at http://www.katsosnylaw.com/contact-us. A staff member will return any phone calls within one business day.

3. The firm distinguishes itself from others by employing attorneys who will honestly assess client cases, regardless of whether the outcome is positive or negative.

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Choosing a Guardian for Your Children

 

Choosing a Guardian pic

Choosing a Guardian
Image: babycenter.com

For more than two decades, Barbara Katsos has led the Law Offices of Barbara H. Katsos, PC, in New York, NY, as owner. In this capacity, she oversees all daily operations of the firm and works directly with clients dealing with real estate matters as well as estate planning needs such as guardianship.

Many parents struggle with choosing a guardian for their children. Unfortunately, if you do not nominate a guardian, the responsibility of deciding falls to the courts. Below are a few things to consider to help you choose the right guardian for your child or children:

Define your perfect parent. Try forgetting about specific people and focus on creating your idea of a perfect parent. Define the moral values, characteristics, and spirituality of your ideal parent, and lay out the practical skills they should possess. After you’ve defined your perfect parent, compare your options to this ideal to eliminate candidates who do not meet your desired qualities.

Think outside of family. It’s normal to think about having a sibling or parent become the guardian of your child, but immediate family is not the only option available. You can also consider your close friends. Your friends may share more similarities with you than your family does and, thus, be a more ideal choice.

Focus on love. Regardless of whether you choose a family member or friend, you want to make sure your child will be well-loved. Make sure your child will not be second place if your chosen guardian has children of their own and ensure your desired guardian has enough time to devote to raising a child. Further, if your son or daughter is already comfortable with someone, it may be easier for them to feel loved by a guardian.

How Living Trusts Differ From a Will

Will pic

Wills
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At the Law Offices of Barbara H. Katsos, PC, in New York, NY, Barbara Katsos provides estate planning services including estate administration, probate proceedings, and estate taxes. She also creates wills and living trusts for her clients.

A living trust allows the grantor to state his or her wishes as to who will receive his or her assets in the event of death or incapacitation. Whereas a will is only effective after a person passes away and can only be enforced after going through probate, a living trust bypasses probate and allows the designated successor trustee to carry out the directions of the trust immediately in the event the grantor dies or becomes incapacitated.

Living trusts are set up as either a revocable or irrevocable trust. A revocable living trust allows the grantor to change the trust whenever he or she wants, while an irrevocable trust, once created, cannot be changed.

Understanding Living Trusts

 

Law Offices of Barbara Katsos pic

Law Offices of Barbara Katsos
Image: katsosnylaw.com

Barbara Katsos helps clients set up living trusts and provides a range of other legal services through her New York practice, the Law Offices of Barbara Katsos. In preparation for her career as an attorney, Barbara Katsos enrolled at the University of the City of New York Law School, where she earned her juris doctor.

For people interested in preserving their wealth and passing it down to their heirs, a living trust represents a viable and increasingly popular estate-planning option. When people enter into such an arrangement, it means they create a legal document with instructions that their assets be put into a trust.

While living, the person that created the trust receives the benefits, but upon his or her passing, the assets will go to the beneficiaries named in the living trust document. Importantly, living trusts are revocable, meaning they can be modified or ended entirely any time the creator wishes.

Perhaps the most attractive feature of a living trust is that it permits people to avoid the probate process associated with traditional wills. Probate involves verification by the courts, meaning that estate documents and family affairs enter the public record. By avoiding probate, living trusts preserve the privacy of those involved.

What Is a Trust?

Law Offices of Barbara Katsos pic

Law Offices of Barbara Katsos
Image: katsosnylaw.com

At the Law Offices of Barbara Katsos, Barbara Katsos represents New York clients in need of estate-planning guidance. Among her many legal services, Barbara Katsos sets up trusts, prepares wills, and conducts real estate transactions on behalf of her clients.

A common type of legal arrangement, trusts allow individuals to place their wealth in the hands of another person, persons, or set of institutions. These third parties are referred to as “trustees.” The trust’s creator can set its terms. People often rely on trusts to ensure that their wealth passes down to beneficiaries without the need to enter into probate.

Lawyers can set up many types of trusts, depending on the clients’ needs. For example, trust creators may elect to use a “generation-skipping trust” to ensure that their grandchildren receive their assets upon the their death without having to pay estate taxes. Another type, the “charitable lead trust,” divides heritable assets among charitable organizations and other beneficiaries.

Trusts can be revocable or irrevocable. The former means that the creator can modify the trust or even dissolve it entirely during the course of his or her lifetime. The creator of an irrevocable trust, on the other hand, cannot change it once it has been executed.

Commercial and Residential Real Estate Legal Services

 

Law Offices of Barbara Katsos pic

Law Offices of Barbara Katsos
Image: katsosnylaw.com

Barbara Katsos was admitted to the bar in New York and the US District Court in 1997 and has since been managing her firm, the Law Offices of Barbara Katsos. The firm’s attorneys have years of experience providing legal help in various fields of law. One field in which the firm assists its clients is residential and commercial real estate, which includes leases and the selling and purchasing of property.

Those buying, selling, or leasing a home will find that there are many legal issues involved. Understanding the laws that encompass the process can save both money and time. Making an offer, negotiating, accepting an offer, and closing a sale are just a few of the steps involved in the process of buying or selling a home. With leasing, both landlords and tenants need to carefully consider the terms of a lease before signing. Landlords need to understand how state laws affect their business, and tenants must know what rights they have.

There are many laws that regulate buying and selling a home and that govern a tenant and landlord’s relationship. An experienced attorney can help individuals to understand sales contracts and rental agreements.