Posts from August 14th, 2024
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14
WILLS AND TRUSTS
NATIONAL MAKE A WILL MONTH.
Did you know that August is national make a will month?
WILL AND TRUST.
Will
Definition: A will is a legal document that specifies how you want your assets to be distributed after your death. It also can name guardians for minor children.
Effective Date: A will only takes effect after your death. It does not provide any benefits or legal authority while you are alive.
Probate: A will typically must go through a legal process called probate, where a court oversees the distribution of the estate. This process can be time-consuming and costly.
Privacy: Wills become part of the public record once they are probated, so their details can be accessed by the public.
Flexibility: Wills can be changed or revoked at any time before your death if you are mentally compe...
14
SMALL CLAIMS ASSESSMENT REVIEW (SCAR)
SMALL CLAIMS ASSESSMENT REVIEW (SCAR)
By Mathew Joseph
The Small Claims Assessment Review (SCAR) offers property owners a way to challenge their property assessments as determined by the Board of Assessment Review (for counties outside Nassau and New York City), the Nassau County Assessment Review Commission, or the New York City Tax Commission by filing a SCAR Petition. This process is a more affordable and informal alternative to a formal Tax Certiorari proceeding...
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