Reena Gulati Blog

In this economy a lot of people either prefer to start their own business or are compelled to because of the current job market and decide to take the plunge into the realm of being a business owner. This is your window of opportunity. Wonderful! Now let’s be smart about it.

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Congratulations! You are purchasing your first home. It’s exciting. Maybe you have been waiting for this for a longtime. You have spent several weeks, months, years looking for a house. It’s the single most important and maybe the most expensive asset in your portfolio. Now you need to invest your time in getting the right team in place. So you made an offer and it was accepted – what next? Here are three steps you must take to protect your most valuable asset.

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New York law recognizes a Fiduciary’s right to be compensated in their capacity as an agent. A fiduciary is entrusted with the authority to manage and distribute the property of the deceased individual. A fiduciary includes an Executor and Administrator and/or Trustee. This right to be compensated is premised upon the fiduciary’s taking active control of the property of the decedent and then assuming liability for managing and ultimately distributing the assets of the estate.

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