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Don’t Miss Out on Estate Planning Opportunities

People often overlook critical steps when they are doing their estate planning.

Posted on: November 23, 2022

What Do Your Kids Want to Inherit?

While it might seem too soon to think about this uncomfortable topic, it’s still something that needs to be carefully planned to make everyone’s life a little easier as they handle the grief of losing a loved one.

Posted on: November 22, 2022

How Do Special Needs Trusts Work?

A special needs trust (SNT) can help you provide financial security to your child after you die without leaving them ineligible for the government benefits that they need to sustain care.

Posted on: November 21, 2022

There are Ways to Transfer Home to Your Children

Transferring a home to adult children is not quite as easy as giving them the keys and letting them move in. No matter how you do it, the taxman wants his cut, whether through estate and gift taxes or those for property and income, both federal and state.

Posted on: November 18, 2022

Why Is Power of Attorney So Important for Estate Planning?

Estate planning takes a lot of time, but another factor that needs to not be overlooked is having a power of attorney.

Posted on: November 17, 2022

What Is the Purpose of a Guardian?

Few will argue that the most important time to have a will is when you are parents of young children.

Posted on: November 16, 2022

Is Spouse Automatically Your Beneficiary?

If the surviving spouse is a second or subsequent spouse and did not have any children with the decedent, the surviving spouse takes even less.

Posted on: November 15, 2022

IRS Announces New Lifetime and Gift Tax Exemptions

The Internal Revenue Service Today announced new inflation-adjusted limits for 2023 that will allow well-off individuals to transfer much more to their heirs tax free during life—or at death.

Posted on: November 14, 2022

Should I Keep Beneficiary Designations Up to Date?

Here’s a simple financial question: who is the beneficiary of your IRA? How about your 401(k) or annuity?

Posted on: November 11, 2022

What Happens When Inheritances are Unequal?

Robert, the older brother, and Lon, the younger one, were close as they were growing up in the Queens borough of New York City. However, when their mother passed away and left the bulk of her estate to Robert, Lon was devastated.

Posted on: November 10, 2022