Make Your Most Transfers With The Revived New York Gifting Claw Back
Do you know the state gifting claw back has been revived? May be you have not heard of the term gifting claw back? It is a tax exempt rule that has been passed for the benefit of the people of New York to be able to transfer estate when they are alive and at death. […]
How Does A Medicaid Asset Protection Trust Work In New York
Not everyone will live to a ripe old age but it is a hope most of us have. And those of us who wish to live to that age would have to put certain plans in place to ensure they get as much comfort as possible. Most seniors in New York look to long term […]
Increasing number of American retirees affected by student loans
Are you a senior who has a student loan debt? What happens to student loans when you retire? Are you worried about the amount of retirement benefits you will get? Can the Social security really counterbalance the proceeds of these social insurance retirees and the disabled with these student loan debts? Many seniors have defaulted […]
The Surprising but Essential Estate Planning Step for Social Security Benefits
An important part of social security benefits is creating a power of attorney. A power of attorney (POA) is a document in which you appoint another person to act and make decisions on your behalf. In such a setting, you are called the principal while the agent you appoint is called an attorney-in-fact (note that […]
Support Your Favorite Charity in Your Estate Plan
The act of giving is key as far as philanthropy is concerned. You may be a charitably minded investor or a business person. What are the benefits of including your favorite charity in your estate plan? How do you support your favorite charity in your estate plan? You must have heard something about tax benefits […]
Estate planning for the Ultra Wealthy – The Role of a Family Wealth Advisor
Creating an estate plan is like planning for your future and the future of those you care about. You see, most people believe in this misconception because they lack the proper understanding of what an estate plan is and its benefits. If you really have an idea of what this plan is, and how beneficial […]
Carol Roth: Here are the top Estate Planning Mistakes to avoid
Estate Planning Estate planning is the process of anticipating and arranging, during a person’s life, for the management and disposal of that person’s estate during the person’s life, in the event the person becomes incapacitated and after death. Estate Planning Mistakes: Converting financial accounts to joint ownership it substitutes for a financial power of attorney. […]
How To Properly Revoke A Will In New York
Can a will be revoked prior the testator’s death? A probate lawyer is necessary to show you how to probate a will in NY. Can a will be revoked if the testator destroys the will with the intention of making a new one? In New York if a will is destroyed by mistake the court […]
Estate Planning Protects Your Assets and Family in NY
How Estate Planning Protects Your Family In New York: Do you have assets? Do you know estate planning? Are you familiar with surrogate court rules? Safety of your assets and family is a very important thing to ensure. Do you know any estate planning attorneys and estate lawyers nearby? By now you should be familiar […]
Estate Planning for Young Families
There are many possible reasons why many young families put off the idea of planning their estate. Some do say they are still very young therefore it is not a necessary thing to do now. Others may say they cannot afford the cost involved in estate planning while some others even find it difficult to […]