The average estate plan incorporates a wide range of inter-related tools which can sometimes be confusing to the beginner. For example, you likely know that a Will is a common estate planning document used to distribute estate assets; however, do you know what a Living Will is? Although they sound very similar, they are used for very different purposes within your estate plan. Because it is important to learn as much as possible before you start on your own estate plan, the Rochester estate … [Read more...]
Staying Current on Estate Planning
It’s important for estate planning attorneys to stay up on the latest developments and techniques. The American Academy of Estate Planning Attorney held its semi-annual conference in Atlanta last week. Read on to learn more about the topics discussed at that cutting-edge conference.Staying Current on Estate Planning … [Read more...]
Is Your Family Pet Included in Your Estate Plan?
Do you have a beloved dog, cat, or other pet that you consider to be part of the family? If so, you probably devote a considerable amount of time and money to your pet. Despite this, your pet may not be included in your estate plan yet. As the Rochester pet planning attorneys at the Law Office of Michael Robinson, P.C. explain, there is no time like the present to incorporate your family pet into your existing estate plan.Americans and Their PetsEven compared to other similar countries, … [Read more...]
Don’t Risk Your Estate Plan by Using DIY Documents
If you have yet to create an estate plan, you are not alone. Despite acknowledging the importance of having an estate plan in place, about half of all Americans do not have one. When you do decide to get started on your plan, it may be tempting to turn to “Do It Yourself” forms you find on the internet. The Rochester estate planning attorneys at the Law Office of Michael Robinson, P.C. explain why using DIY documents could put your entire estate plan at risk.Why Are DIY Documents … [Read more...]
What is a GST Trust?
A Generation-Skipping or “GST” trust can be a good way to keep assets out of the taxable estate of a beneficiary and yet still allow them to be used for the beneficiary’s benefit during life. Read on to learn more about this type of trust and whether it might make sense for you.What is a GST Trust? … [Read more...]
