The Use of IRA Trusts to Plan for your Family’s Retirement
For many people, their retirement account is their largest asset. As a result, these accounts are being used less as a fund for one’s retirement, and more as a way ...
Revocable vs. Irrevocable Trusts: What’s the Difference?
Various types of trusts are used in the Estate Planning process, for many different reasons. This is due to the fact that trusts are extremely useful tools for managing property, ...
Estate Administration: When There’s a Will (or Not) There’s a Way
When a loved one passes away, it is often a concern that the assets they own at the time of their death are now in a state of limbo. For ...
Using Pet Trusts to Plan for Man’s Best Friend
When considering your Estate Plan, you are making decisions regarding how you would like for your property to be disposed of after your passing. Of course, this includes items such ...
IRS Rights to Audit Returns Filed to Elect Portability
As enacted by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 and made a permanent part of the Internal Revenue Code by the American Taxpayer Relief ...
Community Based Medicaid for Home Care Services
Unlike Medicaid benefits for Nursing Home care, there is NO look-back period for Medicaid Home Care benefits. This means that an individual can transfer assets one month and be eligible ...
What Happens to my Digital Assets When I Die?
According to the New York State Estates, Powers & Trusts Law (“EPTL”) Article 13-A, a digital asset is “an electronic record in which an individual has a right or interest.” ...
The Basics of Estate Planning
Any age is the right age to begin considering your Estate Plan. Moreover, even if you already have one in place, it is important to revisit your plan at major ...