Passing Down the Family Home: Personal Residence Trusts
When a Brooklyn family discovers that the brownstone their parents bought in 1982 for $150,000 is now appraised at $4.5 million, the conversation quickly shifts
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When a Brooklyn family discovers that the brownstone their parents bought in 1982 for $150,000 is now appraised at $4.5 million, the conversation quickly shifts

The call often comes from an adult child in Queens. Their mother has passed away, they’ve found the will tucked away in a safe deposit

A few months ago, a man came into my Manhattan office. His mother had recently passed away, leaving behind the family home in Brooklyn. He

A client recently came to our Madison Avenue office with what seemed like a simple request. Her son, who she had named as executor in

Just last week, a client called me from his home in Brooklyn. We had drafted his will about four years ago—a solid plan that provided
When a Brooklyn family loses a parent, the named executor often assumes their first task is walking into the local bank with a death certificate

A client, the eldest son, recently took on the role of trustee for his late mother’s trust in Brooklyn. He was ready to distribute the

A family in Brooklyn finds their mother’s will tucked away in a safe deposit box. They read her clear, loving instructions for who should receive
A few months ago, a woman from Brooklyn sat in my office, holding a life insurance policy summary. Her husband of twenty years had just

When a parent in Brooklyn passes away leaving only a will, their family’s life is put on hold. Their home, their bank accounts, their investments—everything

Parents often ask me how they can treat their children fairly when their needs are so different. One child is heading to college, another is

An investor spots a promising brownstone in Brooklyn, only to learn it’s an “estate sale.” A family finds their ideal home, but the owner has

A client recently sat across from my desk in Manhattan, holding a thick folder of her late father’s financial statements. Among the brokerage accounts and

When a parent passes away in Queens leaving behind a paid-off family home, the children often assume they can immediately put a “For Sale” sign

An executor for a family in Queens recently called my office. Her mother had passed away, and the will left the family home to the

A client recently came to my Manhattan office convinced they needed a complex trust. They had read online that it was the only way to

When a Manhattan patriarch passes away, the family often expects a call from my office inviting them to sit around a mahogany conference table while

I recently took a call from a new client in Brooklyn. His mother had passed away, leaving him the family brownstone and a modest investment

A client recently came into our office. His mother had passed away in her Brooklyn brownstone, and he was named executor of her will. The

An elderly mother living alone in her Manhattan apartment suddenly has a new “best friend”—a neighbor who now takes her to all her appointments, answers

The call comes at 2 a.m. There’s been an accident on the Brooklyn-Queens Expressway. Your spouse is in the hospital, unresponsive. In an instant, the
When a Manhattan family loses a fiercely private patriarch, the immediate aftermath is often characterized by closed doors and quiet decisions. If the instructions for

A client came to me last month with what seemed like a simple plan. His daughter and her husband were ready to buy their first

When a family in Brooklyn receives a formal document from Surrogate’s Court called a “Citation,” their first reaction is often confusion, followed by anxiety. The

I once met with a family from Brooklyn whose mother, a retired professor, had begun making alarming financial decisions. Large, uncharacteristic checks were being written

A new client, a retired executive from Manhattan, recently sat in my office, confident he had his affairs in order. “I’ve put POD designations on

A family often arrives at my office with a will signed by their late mother. It names one of the adult children as the executor.

I often meet families who are facing a nine-month—or longer—wait. A parent passed away with only a simple will, leaving behind a brownstone in Park

A few years ago, we represented the children of a retired architect from Manhattan. He passed away suddenly, leaving a valid will and what appeared
A Brooklyn family buries their father on a Tuesday. By Thursday, they discover he signed a new will just three weeks before his death, leaving