For the past more than 32 years, we’ve helped people in the Rochester and Finger Lakes areas custom craft estate plans that address the issues that are most important to their families. Whether it’s avoiding court involvement to settle their estate, making sure that their family doesn’t have to go to court when they’re incapacitated, or protecting their children’s and grandchildren’s inheritances from things like divorces, lawsuits, and threats that present themselves. We provide … [Read more...] about Why do I need to attend an estate planning workshop?
ESTATE PLANNING FAQS
How can I leave money to a special needs beneficiary without disqualifying them for SSI or other benefits that are tied to their SSI eligibility? Learn about a supplemental needs trust, which allows us to set money aside for a beneficiary to enhance their quality of life, to pay for things that the government won’t pay for, and not disqualify them from receiving their important government benefits. Call our office at (585) 374-5210 to learn more about how we can help you navigate … [Read more...] about What do I need to know about a Supplemental Needs Trust?
In the video above, attorney Michael Robinson discusses the number one reason why people don't have an estate plan. Our office clears up the fog surrounding your estate planning choices. Check out our workshop schedule to learn what your options are or call our office at (585) 374-5210 to speak with our office. … [Read more...] about Why Do I Need An Estate Plan?
Family wealth trusts help you to protect resources and to pass on assets to your loved ones in the most efficient way possible. Family wealth trusts can help you with tax planning, and with making sure that your heirs are provided for in an appropriate manner. Click here to find out more about family wealth trusts and how they can work for you. … [Read more...] about What is a family wealth trust?
When you create a revocable living trust, you need to make certain that the trust is actually funded. If you just create a trust but you don’t formally transfer the ownership of any assets or any property into that trust, your trust is not going to provide you with the asset protection you planned on. To fund your trust, you need to first make sure a trust can own the particular assets you are considering transferring. You need to transfer accounts or change the title and deed if transferring … [Read more...] about How do I find a revocable living trust?
The unlimited marital estate tax deduction allows you to transfer an unlimited amount of wealth and assets to your spouse when you pass away. The unlimited marital deduction can be important in estate planning, as you can make strategic plans to transfer assets to your spouse and to combine the amount of wealth you can leave to your loved ones without being taxed. You can each pass on $5.45 million in assets (as of 2016) without incurring taxes, and if one of you leaves your entire estate to the … [Read more...] about What is the unlimited marital estate tax deduction?
Most states and the federal government do not have inheritance taxes, so your heirs likely will not have to pay this type of tax. However, both the federal government and New York do impose estate taxes on estates which exceed a certain value. Click here to find out more about taxes after a death. … [Read more...] about Will my heirs be forced to pay an inheritance tax?
A payable on death account can be used to allow the assets held in the account to transfer outside of the probate process. It is possible for a pay on death account to be a part of your estate plan that is aimed at avoiding the probate process and allowing heirs to inherit money right after your death, rather than having to go through probate. To find out more about payable on death accounts, how they work, and whether or not they are the right choice for you to include in your estate plan, … [Read more...] about What is a payable on death account?
Following a death, probate is usually the process by which a deceased person’s assets are transferred. However, probate is not always required in every single situation. For example, you could make a comprehensive estate plan aimed at avoiding probate in order to spare your loved ones the stress of probate. Avoiding probate could also help you reduce court costs and fees associated with probate and could lead to your heirs inheriting more quickly. Click here to find out more about whether … [Read more...] about Is probate always required?
Your estate plan needs to be designed with your own specific needs in mind. This means making sure you include New York’s legal tools that can help you with the probate process. Your plan may include wills, trusts, the creation of a power of attorney, the purchase of insurance, an incapacity plan, and a Medicaid plan. You need to make sure your plan protects your future, family, and assets. Find out more here about some of the things you may wish to include in your estate plan. … [Read more...] about What is included in my estate plan?