A lot of people are interested in do-it-yourself projects, and in some cases, you can save money and enjoy a hobby if you roll up your sleeves to get some things done on your own. However, you have to know where to draw the line when it comes to the DIY phenomenon.Estate planning is an exercise in arranging for the transfer everything that you have earned throughout your life to the people that you love the most. It is risky business indeed to try to go it alone when you are dealing with a … [Read more...]
Q & A Session With a Rochester Estate Planning Lawyer
As Rochester estate planning lawyers, we speak with a lot of clients that ask us many of the same questions. In this blog post, we will look at a hypothetical question and answer session that we have constructed based on these conversations. When you read the give-and-take, you will come away with some very useful information.If you would like to experience the real thing, simply send us a message requesting a consultation appointment and we will get back in touch with you promptly.Doesn’t … [Read more...]
How Rochester Revocable Trusts Help Protect Privacy
Rochester revocable trusts can serve many important purposes. In fact, when you create a revocable living trust, it benefits and protects you during the course of your lifetime and it also benefits and protects your heirs or beneficiaries after you have passed away. Many people focus on the big, obvious benefits of a revocable living trust such as having someone take charge of managing trust assets immediately in case of incapacity and achieving cost savings associated with trust assets … [Read more...]
Estate Planning Is a Must for All Responsible Adults
There are typically three phases that you must pass through when you are on your way to preparing for the future. The first one is the simple recognition of the fact that it is important to work with an estate planning attorney to put a plan in place. Unfortunately, it takes many people far too long to get to this point.Understandably, a lot of otherwise responsible adults put the matter of estate planning on the back burner because it is not something that folks are especially anxious to … [Read more...]
Living Trusts Provide Many Benefits
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...]
