Do you have a beloved dog, cat, or other pet that you consider to be part of the family? If so, you probably devote a considerable amount of time and money to your pet. Despite this, your pet may not be included in your estate plan yet. As the Rochester pet planning attorneys at the Law Office of Michael Robinson, P.C. explain, there is no time like the present to incorporate your family pet into your existing estate plan. Americans and Their Pets Even compared to other similar countries, … [Read more...] about Is Your Family Pet Included in Your Estate Plan?
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Don’t Risk Your Estate Plan by Using DIY Documents
If you have yet to create an estate plan, you are not alone. Despite acknowledging the importance of having an estate plan in place, about half of all Americans do not have one. When you do decide to get started on your plan, it may be tempting to turn to “Do It Yourself” forms you find on the internet. The Rochester estate planning attorneys at the Law Office of Michael Robinson, P.C. explain why using DIY documents could put your entire estate plan at risk. Why Are DIY Documents … [Read more...] about Don’t Risk Your Estate Plan by Using DIY Documents
What is a GST Trust?
A Generation-Skipping or “GST” trust can be a good way to keep assets out of the taxable estate of a beneficiary and yet still allow them to be used for the beneficiary’s benefit during life. Read on to learn more about this type of trust and whether it might make sense for you. What is a GST Trust? … [Read more...] about What is a GST Trust?
Kiddie Tax is Worse Than Ever
The Kiddie Tax can apply to the unearned income of children. Read on to learn if this tax applies to you or your children. Also, learn ways to avoid the Kiddie Tax. Kiddie Tax is Worse Than Ever … [Read more...] about Kiddie Tax is Worse Than Ever
New Tax Proposal re: Retirement Savings
There are new tax proposals working their way through the House and Senate. These proposals, if passed, would change retirement savings significantly. Read on to learn more about these proposals and whether they might impact you or your clients. New Tax Proposal re: Retirement Savings … [Read more...] about New Tax Proposal re: Retirement Savings
