To avoid nasty surprises and take advantage of all the good surprises, consult with a qualified estate planning attorney. If you don’t choose who will receive your assets when you die, the state of New York chooses for you. You can deduct any portion of legal fees associated with tax planning. This is a nice surprise when you’re filling out your 1040. You can give away more than $13,000 per year, without incurring any gift taxes. In 2011 and 2012, most people can give away all that they … [Read more...] about 14 Estate Planning Surprises
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How to Choose an Estate Planning Attorney
In order to create an effective and comprehensive estate plan, you will likely want to work with an experienced estate planning attorney. With so many attorneys to choose from, it can be difficult to make your decision. It’s important to make sure that you and your attorney are able to communicate effectively so that your plan meets all of your needs. Take a look at the information below for advice on how to choose a great estate planning attorney. You want to work with … [Read more...] about How to Choose an Estate Planning Attorney
Estate Planning Goals to Consider
It can be difficult outlining your estate planning goals when you’re just getting started with the entire planning process. It may seem overwhelming trying to make sure that all of your needs will be met. We’ve outlined some estate planning goals that you may want to consider implementing in your plan. If you have any questions about the information below, or if you’d like to start your estate planning, consult with a qualified estate planning attorney. Decide how your assets will be … [Read more...] about Estate Planning Goals to Consider
4 Reasons You Need a Will
Have you been putting off creating your will? If you have yet to handle this important planning, now is the time to do so. Without a will, you won’t be in control of your estate’s affairs. A will is one of the most important planning documents that keep you in control. Take a look at the information below to learn the 4 reasons why you need a will. If you have any questions, or if you’d like to execute your will, meet with an estate planning attorney. Provide greater peace of mind. It’s … [Read more...] about 4 Reasons You Need a Will
Financial Abuse of the Elderly Too Common
One of the main problems when it comes to elder financial abuse is that too many people simply don’t understand when they are participating in this form of abuse. Parents and grandparents love their children enough that they want to give them everything that they can, but there comes a point when it is the child or grandchild’s responsibility to refuse that help. When an elderly person gives away money or assets, they may not be in their right mind, or they may not realize that this money may … [Read more...] about Financial Abuse of the Elderly Too Common
