Clarity is essential in an estate plan. This article examines the case of Tom Petty, what he did right and what he did wrong. It shows that clarity can avoid problems later. Clarity is Key to Planning … [Read more...] about Clarity is Key to Planning
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Consequences of Modifying an Irrevocable Trust
Irrevocable trusts often can be modified. They can be modified under the Uniform Trust Code or a state law decanting. While these modifications may be determinative of the state law consequences, they may not determine federal tax consequences. Read on to learn more. Consequences of Modifying an Irrevocable Trust … [Read more...] about Consequences of Modifying an Irrevocable Trust
Which Type of Life Insurance Is Right for Me?
Although every estate plan is unique, there are some components that are commonly found in the average estate plan. Life insurance is one of those. Because there are several types of life insurance, a life insurance policy can be used in a variety of ways within an estate plan. To help you decide which type is right for you, the Pittsford estate planning attorneys at the Law Office of Michael Robinson, P.C. explain the most common types of life insurance policies. Life Insurance … [Read more...] about Which Type of Life Insurance Is Right for Me?
5 Reasons to Appoint the Right Executor
When most people contemplate the creation of their Last Will and Testament they focus on decisions related to the gifts they will make within that Will. Consequently, appointing someone as the Executor of their estate is not something they spend much time contemplating. That tendency is also one of the most common of all estate planning mistakes. The Bath estate planning attorneys at the Law Office of Michael Robinson, P.C. offer five reason why appointing the right Executor in your Will is … [Read more...] about 5 Reasons to Appoint the Right Executor
Why Crowdfunding May Cost You Medicaid Eligibility
Each year, crowdfunding websites raise money for causes. Did you know such a website could impact your eligibility to receive Medicaid? Read on to learn how crowdfunding can impact Medicaid eligibility. Why Crowdfunding May Cost You Medicaid Eligibility … [Read more...] about Why Crowdfunding May Cost You Medicaid Eligibility
