It an important concern of many parents is the risk of leaving money to an adult child and then having the child get divorced from his or her spouse. At least in New York, although many other states have similar laws, inherited property is considered separate property, not marital property, when...
Ask The Attorney: My Parents Haven’t Done Any Estate Planning. What Should They Do?
For most of your life, your parents have been the ones to act out of concern for your well-being. However, the relationship dynamic can undergo a significant reversal as time goes on. At some point, all adult children begin to worry about whether their parents will be able to afford the housing...
Key Considerations When Choosing a Trustee
When you’re preparing an estate plan or starting a Medicaid trust, one of the most important decisions you have to make concerns your selection of a trustee. The trustee has the legal authority to manage a trust and its assets. A trustee is also responsible for managing and distributing trust assets to...
Revocable Living Trusts and Avoiding Probate
Clients are often advised by their financial planners and bankers to put beneficiaries on their accounts, in order to avoid probate. Having a beneficiary or transfer-on-death designation makes it easier and quicker for beneficiaries to access the assets when one passes away, but having...
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The Future of Estate Planning: Predictions & Trends for Florida Residents
Estate law is constantly evolving, which can make it hard to stay on top of the latest trends. That’s why the Law Office of Angela Siegel has provided this helpful guide. We want to keep up with what’s happening in the world of estate planning so that you’re empowered to make...
Changing Your Residency From New York to Florida
Are you considering becoming a Florida resident? There are many factors to consider. Most people want to give up their residency in New York and change to Florida in order to avoid income taxes and the New York State estate tax. People also make the change in order to qualify for the homestead exemption and...
Charitable Giving Through Your Estate: How Floridians Can Leave a Legacy
An estate plan can allow you to leave assets to your children, family, and friends. However, there are many other things you can do with an estate plan, including leaving assets to charity. In this article, we examine how to make charitable contributions in Florida through your estate plan.
Charitable Giving Through Your Estate: How Floridians Can Leave a Legacy
An estate plan can allow you to leave assets to your children, family, and friends. However, there are many other things you can do with an estate plan, including leave assets to charity. In this article, we examine how to make charitable contributions in Florida through your estate plan.
Estate Planning for Blended Families in Florida: Strategies for a Seamless Inheritance
Getting remarried after a divorce or the death of a prior spouse should motivate spouses to establish or revise an estate plan. However, when spouses combine their families, estate planning can come with significant personal and legal challenges. Blended families should familiarize themselves with strategies that can help make the estate...
Protecting Your Business with an Irrevocable Trust
You’ve worked hard to build your business. The last thing you want is to see it torn down piece by piece by creditors or a downturn in the market. What protections can you put in place to protect yourself and your business? You may wish to consider the benefits of an