October is National Estate Planning Month. Think this only applies to the wealthy? Think again! You need Estate Planning if: You have minor children. Without a plan in place, a stranger will decide who raises your child. You are among the 68% of Americans with a pet. A good Estate Plan will ensure that your
Revenue Rule 2023 Don’t Let Overzealous Tax Planning Trigger New Taxes! My phone has been ringing off the hook-(ask someone over 50 to translate). The calls-and emails, are in response to recent IRS Revenue Ruling 2023-2. The ruling states that assets transferred into an irrevocable trust, which are not includible
Second Marriage and Your Estate Plan Love may be lovelier, but it is a whole lot more complicated, the second (or third…) time around. For one thing, we tend to be older. This means we have fewer working years ahead, within which to recover from a financially devastating break-up. I
Do You Need An Elder Lawyer In Queens NY When dealing with the complex issues that come with aging and planning for the future, it can be challenging to know where to turn. This is especially true if you are unfamiliar with what an elder law lawyer does, how and
How Can An Estate Planning Attorney In Queens NY Help You Estate planning is a complicated process that can be daunting to plan for. In addition to making sure your loved ones are taken care of, you also need to make sure that your estate is managed correctly after you
Don’t disinherit your furry family members! 70% of us have pets. Why then, do less than 5% have legal protections in place to ensure a smooth transition in the event of death, illness or divorce? Take a minute to develop a short and long term plan for your pets as
What is a Life Estate and Why Should we Avoid Them? I hope it is a given, that we should not own real estate in our individual names. Some thoughtful legal planning will enable our beneficiaries to avoid probate and protect the value of the home from Taxes, Long Term
Can’t wait to share the news about your new romance? My advice is to share your happy news with a supportive friend. Based on my work with over 15,000 families, I can tell you that your adult children will likely be less than thrilled with the news! A common objection to a parent’s remarriage is
If you have children or grandchildren under 18- A LOT At one time, the most famous actor in the U.S., Jackie Coogan expected to receive his riches upon reaching adulthood. Instead, he learned that his high-living parents had spent every cent! Outraged legislators across the country scrambled to enact laws to keep parents away from
James Brown’s nearly 15-year long estate battle has ended in a settlement. The estate plan utterly failed to anticipate foreseeable family battle lines. Sadly, a simple will rarely begets a simple outcome. When it comes to estate planning: One Size Does Not fit All!
Our next workshop is 6/17 at 2pm. Join us to discuss strategies to grow your wealth and influence as part of a Post-Covid life reset. Join our mailing list to receive sign up instructions prior to the event.