Welcome To The Law Offices of Ann-Margaret Carrozza
For more than fifteen years, our law firm has been providing highly effective legal services to families and individuals. We specialize in Elder Law, Estate Planning, Asset Protection, Estate Administration, Probate, and Estate Tax Planning. We also represent people facing Medicaid estate recovery. We take great pride in our level of personal attention and aggressive representation. We can accommodate appointments in most areas of New York State and also do home visits for those unable to visit us.
A Simple Will Does Not Minimize Taxes
Under current New York State law, an individual can pass up to $4.187 million to his or her heirs free of transfer taxes. For purposes of determining the transfer (estate) tax, life insurance proceeds, pension plan, and annuity death benefits as well as liquid assets, real estate and securities are counted. Individuals and couples with an estate in excess of $4.187 million may benefit from a variety of trusts which can help minimize any transfer tax liabilities.
Binding Agreement: Co-Working Couples Now Sign ‘Love Contracts’
Many couples sign prenuptial and postnuptial agreements to cover division of property and other assets in the event of a divorce—there are even cohabitation agreements for partners who are not married but live under the same roof.
But what if you want to establish ground rules for your partner that transcend who gets the house and the dog?
Enter the “love contract,” a customized set of lifestyle clauses that can be inserted into any prenup, postnup or cohabitation agreement…
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