When you are going through a major life event in your family -- the birth or adoption of a child, marriage, divorce, remarriage, moving, buying or selling property, inheriting or losing a large amount of money, serious illness or injury, the death of a loved one -- you are not likely to be thinking...

 

Clients often move, especially as they age and desire to be in a warm climate.  Moving can be an extremely pleasant experience, but there are certain legal and tax considerations that must be attended to.

Perhaps the most important item to consider, when moving out of New York, is the capital gains tax consequences of...

What Will Happen if I Can’t Take Care of My Family or Myself?Although most of us would prefer to die peacefully in our sleep after a day of pleasurable activity, the majority of Americans (63 percent) die in hospitals and another 17 percent die in other institutional settings, such as nursing homes, having been...

It has become quite common for clients to list beneficiaries on their brokerage and investments accounts, regardless of whether or not they are retirement accounts. The designation is commonly referred to as a TOD, or transfer on death. With savings, checking and money market accounts held with banks and credit unions, one is also...

Estate planning is a complex issue, not only legally and financially, but emotionally. Although planning for your retirement may be fun, planning for your possible incapacity and inevitable death can be daunting. Also, it is difficult to be completely rational about such emotionally laden matters. This is why having a skilled and compassionate...

According to the U.S. Census Bureau, nearly one in five people have special needs, which means that a large number of families have a member in this category: child, adolescent, young or middle-aged adult, or elderly person. For special needs individuals who are unable to work or support themselves, the government provides disability...

 

There are many reasons why a client would want to leave their retirement accounts (IRA's, 401k's, TDA's, etc.) in a trust for the benefit of their heirs.  For example, if a beneficiary is under the age of eighteen (18), he/she can not legally inherit.  In addition, if the retirement accounts are sizable, most people...

Why should I create a trust?

One of the primary services an estate planning attorney provides is assisting clients in creating trusts. While some believe that trusts are only useful for the wealthy, in

 

The most important reason to have a will prepared is so that the laws of intestacy do not control the disposition of your assets. Put simply, if one dies without a will, the laws of the state one resides in determines who inherits. For example, in New York, if one dies leaving only a...

A durable power of attorney is a document which gives someone broad powers over your financial affairs.  Especially as one gets older, this document becomes a necessary evil.  Why is it evil?  By its nature, a power of attorney gives control to a person of your choosing to transact business on your behalf.  It...