Each year, crowdfunding websites raise money for causes. Did you know such a website could impact your eligibility to receive Medicaid? Read on to learn how crowdfunding can impact Medicaid eligibility. Why Crowdfunding May Cost You Medicaid Eligibility … [Read more...] about Why Crowdfunding May Cost You Medicaid Eligibility
Estate Planning
Does Your Estate Have Sufficient Liquidity?
Creating a successful estate plan requires you to consider numerous inter-related goals and objectives. One goal that is often overlooked is the need to leave behind sufficient liquid assets in your estate. To help you create a successful estate plan, the Rochester estate planning attorneys at the Law Office of Michael Robinson, P.C. explain the need for estate liquidity. Understanding the Probate Process One reason people frequently overlook the issue of insufficient estate liquidity is that … [Read more...] about Does Your Estate Have Sufficient Liquidity?
Many Reasons to Plan
Each of us will die eventually. This article looks at how planning can make our passing easier for our loved ones. Specifically, this article looks at how planning can maintain privacy for your loved ones. Many Reasons to Plan … [Read more...] about Many Reasons to Plan
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...] about Staying Current on Estate Planning
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...] about Don’t Risk Your Estate Plan by Using DIY Documents
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...] about What is a GST Trust?
Kiddie Tax is Worse Than Ever
The Kiddie Tax can apply to the unearned income of children. Read on to learn if this tax applies to you or your children. Also, learn ways to avoid the Kiddie Tax. Kiddie Tax is Worse Than Ever … [Read more...] about Kiddie Tax is Worse Than Ever
New Tax Proposal re: Retirement Savings
There are new tax proposals working their way through the House and Senate. These proposals, if passed, would change retirement savings significantly. Read on to learn more about these proposals and whether they might impact you or your clients. New Tax Proposal re: Retirement Savings … [Read more...] about New Tax Proposal re: Retirement Savings
Trust Protectors Add Flexibility
Trusts can be drafted to be quite flexible. This article examines how Trust Protectors can add flexibility to your trust. This added flexibility can increase the usefulness of your trust. Trust Protectors Add Flexibility … [Read more...] about Trust Protectors Add Flexibility
Modifying an Irrevocable Trust
Irrevocable trusts often can be modified. They can be modified under the Uniform Trust Code or a state law decanting. Read on to learn more about how a modification of a trust can help. Modifying an Irrevocable Trust … [Read more...] about Modifying an Irrevocable Trust
