One of the benefits of creating an estate plan is that you get to determine who inherits your property after you die. If you don’t take this step your property might, like that of New York real estate developer Roman Blum, be inherited by your state. In Mr. Blum’s case, it appears as if the man’s entire $40 million estate is going to be inherited by his home state of New York. Roman Blum died in 2012 at the age of 97. He and his wife, who died in 1992, left behind no children or any … [Read more...] about The Orphaned Estate of Roman Blum
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Congratulations to Danielle Lenhard!
Dani received her RN pin at her graduation ceremony this weekend. We're so proud of her! … [Read more...] about Congratulations to Danielle Lenhard!
Don’t Worry About Expiring Wills
Taking the time to create an estate plan and all its important parts, such as a last will and testament or powers of attorney, is something that many people never do. But if you do get around to making a will, you don’t need to worry that it will somehow expire. Though you may need to update your will after important life events, once you make a will that complies with all state laws you can rest assured that the document lasts until it’s needed. Requirements To make a valid will in New York … [Read more...] about Don’t Worry About Expiring Wills
If You’re a Senior, You May Be a Targeted by Financial Con Artists
As people age they are often less able to recognize scams and swindles designed to cheat them out of their money. Con artists know this, and as more people reach retirement age many criminals are trying to take advantage of elderly people through any number of scams. Here are a few tips that can help you prevent falling victim to some of these common schemes. Never send money. Con artists will say anything to get you to send them money, and are very good at disguising their attempts in any … [Read more...] about If You’re a Senior, You May Be a Targeted by Financial Con Artists
Living Gift Strategies: 3 Tips
Many estate planning attorneys will tell you that one of the most underutilized estate planning tools available to a lot of people is the giving away of lifetime gifts. Like inheritances, giving lifetime gifts is subject to key tax provisions that, once you understand, you can devise a plan to take advantage of. If you haven’t already talked to your attorney about developing a gift strategy you should do so soon, but here are three tips you’ll want to keep in mind. Tip 1: Understand your … [Read more...] about Living Gift Strategies: 3 Tips
