Creating a comprehensive estate plan often includes planning not just for the eventuality of death, but also for the possibility of incapacity. Knowing who would make decisions for you and who would control your assets if you were to become incapacitated provides invaluable peace of mind. Before you can plan for incapacity, however, it helps to know how that word is defined and who makes a determination that someone is incapacitated. To help you better prepare for the possibility of your own … [Read more...] about Who Decides If Someone Is Incapacitated?
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Is a Family Limited Partnership Right for My Business?
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?
Your Planning Can Help Your Loved Ones
Each of us will die eventually. This article looks at how planning can make your passing easier for your loved ones. Specifically, this article will look at the importance of the manner in which assets are left for your loved ones. Your Planning Can Help Your Loved Ones … [Read more...] about Your Planning Can Help Your Loved Ones
How Large of an Estate Can Pass Tax Free?
If you have a moderate to large estate that you plan to pass down to loved ones, one of your primary estate planning concerns should be the federal (and in some cases state) gift and estate tax. If you fail to plan for the impact the tax could have on your estate, your loved ones could lose a significant portion of their inheritance to Uncle Sam. To help illustrate the importance of planning, the Bath estate planning attorneys at the Law Office of Michael Robinson, P.C. discuss how large of an … [Read more...] about How Large of an Estate Can Pass Tax Free?
10 Things You May Not Know about Alzheimer’s Disease
There are many aspects of growing old that can be a bit scary; however, for most seniors, nothing is more frightening than the thought of developing Alzheimer’s disease. You undoubtedly have some idea what Alzheimer’s is and how it affects those who have it; however, the Rochester elder law attorneys at the Law Office of Michael Robinson, P.C. tell you 10 things you may not already know about Alzheimer’s disease. What Is Alzheimer’s Disease? According to the Alzheimer’s Foundation of America … [Read more...] about 10 Things You May Not Know about Alzheimer’s Disease
