March 2019
Challenges may arise if a person decides to write their own will. Lawyers do much more than draft documents. Lawyers make sure that the documents are drafted accurately and reflect your wishes and estate planning objectives. After all, once you are deceased it is likely too late to fix any mistakes you made in drafting your own will. There is however, at least one very important tool, called a renunciation, which can be utilized in some instances after your death to make things right and help ensure that your estate planning intentions are carried out.

Under New York law, if you are supposed to receive property under a will, trust, or even property held jointly with someone else, you may have the right to renounce all or part of such interest in that property. The renunciation must be in writing, signed and acknowledged by a notary public. There are also some other legal requirements such as the need to file the renunciation with the appropriate court in a timely manner. You also must state that you have not received any consideration for the renunciation from anyone who stands to benefit from your renunciation (the person who will get the property as a result of your renunciation). When you renounce the right to receive property, the property is disposed of pursuant to the terms of the will, trust or otherwise as if you had predeceased the decedent. Once made, a renunciation is irrevocable.
Renunciation is actually based on a very simple concept: no one can force you to accept a gift or an inheritance. You can just say no! So, you might be asking yourself, why would I renounce property that I am entitled to receive? Well, there may be several reasons, including tax considerations, creditor concerns, or to carry out the testator's intentions.

Seminar: Special Needs Planning and Wealth Management

When you have a child or other family member with special needs, you face unique wealth planning challenges that other families don't. You are concerned about the future security of your loved one and how to preserve government benefits to which he or she may be entitled. You may also have questions about how to balance the financial needs of your special needs family member with those of other family members.
Our informative seminar will guide you through the critical steps needed to navigate the services your loved one may qualify for, and help financially protect them - and the rest of your family - throughout their continuum of care.
  • Thursday, April 25, 2019 | 12:00 PM - 1:00 PM (EST)
  • Morgan Stanley Headquarters (1585 Broadway - 26th Floor, New York, NY 10036)
Littman Krooks partner Amy C. O'Hara, Esq., to present.

Registration is required. Please register at by providing your name, number of people attending, phone number and email address.

Littman Krooks LLP
399 Knollwood Road | White Plains, NY 10603 | 914.684.2100
655 Third Avenue | New York, NY 10017 | 212.490.2020