A lot of people that have not looked into the subject of estate planning very thoroughly harbor some misconceptions. They have heard about the existence of trusts, but they assume that they are only useful for very wealthy families. To these folks, a last will is the only logical choice.It is true that there are irrevocable trusts that are used by high net worth individuals that are exposed to estate taxes. There are other types of specialized trusts that can be the right choice under … [Read more...]
Why Even Young People Need Help from Pittsford Estate Planning Lawyers
Pittsford estate planning attorneys at The Law Office of Michael Robinson, P.C. provide help in preparing for the future. Far too many younger people do not get this necessary help because they think they have plenty of time to put legal tools in place to address end of life issues and secure their legacy. Unfortunately, if young families don't put the right estate plan in place and tragedy strikes, this can be very bad for their family. You do not want to make things more difficult for … [Read more...]
Planning for the Unexpected
This article examines the death of Charlotte Fox, one of the most famous mount climbers ever, who fell down her stairs at home. You never know what risks might be around the corner, so you should be prepared. The article looks at the elements of a basic plan.Planning for the Unexpected … [Read more...]
Planning for the International Client
Estate planning for the international client can be tricky. This article looks at the estate tax treatment of U.S. citizens and non-resident aliens. The article then looks at an example of someone who lived in the U.S. and then departed.Planning for the International Client … [Read more...]
What’s a 529 Plan and What Are the Benefits to Using One?
Would you be interested in a way to save money for education and get tax benefits simultaneously? A 529 plan might be what you’re seeking. Find out more by reading the benefits of a 529 plan.What’s a 529 Plan and What Are the Benefits to Using One? … [Read more...]
Planning for Lottery Winners, Part 2 of 2
Lottery winners often end up in bankruptcy. Learn how an estate planning attorney can help you avoid mistakes and plan for your newfound wealth. The article looks at ways to protect the wealth and ways to benefit charity and others.Planning for Lottery Winners, Part 2 of 2 … [Read more...]
Trusts for Privacy
Trusts have many uses. Perhaps the most important is that they can provide privacy at death. Garry Shandling is thought to have used a trust to provide privacy for those he left behind.Trusts for Privacy … [Read more...]
Planning for Lottery Winners, Part 1 of 2
A lucky winner recently won $320 million in the lottery. This article looks at an example of a prior winner’s mistakes. The next article in the series will examine strategies for lottery winners.Planning for Lottery Winners, Part 1 of 2 … [Read more...]
What Special Legal Issues Do You Face with a Large Estate?
A probate attorney at The Law Office of Michael Robinson, P.C. provides assistance to clients with estates of all sizes. We can represent those who are still in the estate planning stage and who hope to reduce the complexities of the transfer of wealth that will occur after their death. We can also provide representation to clients whose loved ones have passed away and who are currently going through the probate process. The probate process can be stressful for anyone who is involved, … [Read more...]
Estate Planning Advice for Grandparents
A Finger Lakes estate planning attorney can provide advice on making an estate plan for people in all different kinds of situations. Your family situation will have a major impact on the plans that you wish to make regarding what happens to your assets after you pass on. The Law Office of Michael Robinson, P.C. can explain how your family structure can impact the type of steps you need to take to facilitate the transfer of assets to your loved ones. Making the right plans is vital so you can … [Read more...]
