For many people, owning a small business is part of the “American Dream.” If you are one of those people, and you hope to one day pass down your business to the next generation, it is crucial that you plan accordingly within your estate plan. There are a number of tools and strategies that can be used to help your business make a successful transfer to the next generation, including a Family Limited Partnership. A Family Limited Partnership, or FLP, is one type of legal entity that works … [Read more...] about Is a Family Limited Partnership Right for My Business?
For some time after the death of a loved one, the survivors go through the mourning process. During this time, most people are highly emotional, vulnerable, and generally not capable of making the best decisions. Unfortunately, there are some funeral providers who exploit the grief of surviving loved ones. If you are in charge of making funeral plans for a recently deceased loved one, it may help you to know that there is an important federal law that can protect your from being taken advantage … [Read more...] about How Can the Funeral Rule Protect Me?
Now that we are in a new year, there are some updates to share with regard to estate planning and elder law parameters that are subject to change. In this post, we are going to look at revisions that impact the estate taxes that New York residents may be forced to pay. Federal Estate Tax There is a federal estate tax that can have a serious impact on your legacy, because it carries a hefty rate. The maximum rate of the federal estate tax is 40 percent, so it is something to take very … [Read more...] about Estate Tax Exclusions Adjusted for 2019
Rochester Medicaid lawyers assist seniors in taking steps to make certain they can obtain healthcare services they need. Many older people have a mistaken belief that Medicare will cover all of the care that they require throughout the course of their retirement. Unfortunately, this is simply not true. Medicare has coverage exclusions for important services seniors may require. It also has co-insurance costs and premiums that can sometimes be difficult for retirees on a tight budget to … [Read more...] about How Much Do Seniors Need to Have Saved for Healthcare?
ROCHESTER ESTATE PLANNING ATTORNEYS ATTEND EXCLUSIVE CONFERENCE RECEIVES IMPORTANT ELDER & ESTATE PLANNING EDUCATION IN SAN DIEGO, CA Pittsford, New York— November 17, 2016 — Michael Robinson and Nathan Shoff acclaimed Greater Rochester and Finger Lakes Region estate planning and elder law attorneys, participated in one of the nation’s premier legal education conferences in San Diego, CA from November 2 through November 7. Hosted by the American Academy of Estate Planning … [Read more...] about ROCHESTER ESTATE PLANNING ATTORNEYS ATTEND EXCLUSIVE CONFERENCE
When you have a baby, you should talk with an estate planning attorney. Many new parents are overwhelmed with the responsibilities of parenting and speaking with a legal professional may be the last thing on their minds. It is also commonly believed that estate planning attorneys only help with issues affecting seniors, and most new parents are young or middle aged and may not realize they need the advice that an estate planning attorney can provide. The reality, however, is getting assistance … [Read more...] about Why New Parents Should Talk to an Elder Law Attorney
The Law Office of Michael Robinson would like to wish everyone a Happy Mardi Gras! … [Read more...] about Happy Mardi Gras!
On March 3, 1931, "The Star-Spangled Banner" was adopted as the American national anthem by a congressional resolution that was signed by President Herbert Hoover. The song lyrics come from a poem, "Defence of Fort M'Henry," written by Francis Scott Key in 1814. Although the poem has four stanzas, usually only the first stanza is commonly sung today. … [Read more...] about The Star-Spangled Banner became the American National Anthem
The nation observes the anniversary of Abraham Lincoln's birth on February 12, 1809 in Hodgenville, KY. Abraham Lincoln was the 16th President of the United States, serving from March 1861, until his assassination on April 15, 1865. Do you know in what city and state the earliest known observance of Abraham Lincoln's birthday occurred? … [Read more...] about Today is Abraham Lincoln’s Birthday
Super Bowl 2014 is being played today between the Denver Broncos and the Seattle Seahawks at the MetLife Stadium. What team do you think will win the big game? … [Read more...] about NFL Super Bowl XLVIII