Blog

Feb. 12, 2024

Upon the death of a homeowner, a reverse mortgage (a financial tool designed for elderly individuals to tap into their home equity without selling) presents a significant question for the heirs—what happens next?

Dec. 29, 2023

At the Law Office Of Corey J. Rossi, we often encounter clients who have many questions about the probate process in New York. Probate can be a complex and emotionally challenging process, especially when you're grieving the loss of a loved one.

Nov. 21, 2023

Today, a lot of modern American families are blended and may comprise individuals from previous relationships, including a stepparent, step-sibling, or half-sibling. Since members of the blended family come together as a single unit, it is important to make adequate provision for each person in your comprehensive estate plan.

Oct. 16, 2023

Whether you are thinking of drafting a will or already have one, understanding how pour-over wills work can give your estate plan an added layer of security. If you have questions about or want to create a pour-over will, call us at the Law Office of Corey J. Rossi in Tonawanda, New York.

Sept. 21, 2023

Divorce can cause a number of complications in many areas of your life. In addition to the emotional stress and economic hardship that may result from ending your marriage, you also need to consider what changes need to be made to your estate planning documents after your divorce is finalized.

Aug. 24, 2023

Having a child with a substance abuse disorder is heartbreaking. It can be overwhelming thinking of how to provide for them when you’re no longer around.

Aug. 3, 2023

They say that the only sure things in life are death and taxes. “Debts” should probably be added to the list since those, and taxes must be paid when you die.

June 6, 2023

Life is fluid, and we all experience many changes in our lives, some minor, some major. “Into the same river you cannot step twice” is how the Ancient Greeks viewed the ups and downs of life. With this in mind, if you’ve created a last will and testament, you need to review it periodically to take into account any changes your life has undergone. To do so annually is probably a good benchmark, but some changes may create conditions to revisit your will more quickly.

May 8, 2023

Individuals who have cognitive impairment or dementia may face significant challenges when creating their will or estate plan. For example, in New York State, a testator is required to have the cognitive and mental capacity to execute or revoke a will.

April 11, 2023

Establishing a well-detailed estate plan is crucial to plan for life’s uncertainties and to provide specific instructions about how your affairs and estate should be settled when you’re gone.