Pet trusts can be part of a well put-together estate plan. Most American families have a pet, and it is enriching to have a dog or cat around the house. Children love their fine furry friends, and your pet becomes a part of your family. When you are relatively young, if you pass away unexpectedly, other […]
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SSI vs. SSDI: What’s the Difference?
It is important to discuss your estate planning objectives with a licensed attorney for a number of reasons. One of them is the simple fact that you may not understand all the different asset transfer devices that are at your disposal. The optimal way to get assets into the hands of one person may not […]
Estate Tax Liability: Home Values Can Increase Liability
Estate tax liability is something you need to take into consideration if you are a homeowner in the Manhattan area – and across the state of New York. We have all watched our home values go up over recent years, and it is exciting to see your fortunes rise. Here in Manhattan, real estate has […]
What Is an Elder Law Attorney and Why Would You Need One?
You may wonder why “elder law” is an area of legal specialization. Why would an older person have different legal concerns than someone that is younger? This is a logical question, and we will endeavor to answer it in this post. Long-Term Care Expenses There are certain challenges that can present themselves when people reach […]
Transfer On Death Account: Can I Use This To Avoid Probate?
A transfer on death account is a tool that you can incorporate into your estate plan. Below, we talk about exactly what a transfer on death account is, how it works, and everything else you need to know to plan your estate and protect your family’s future. Before we look at transfer on death accounts, […]
State Income Taxation of Social Security Benefits
The pandemic has had a long-lasting influence on our culture, including encouraging relocation at previously unheard-of levels. Imagine the surprise of a recently relocated retiree who discovers that their previously untaxed Social Security benefits are now included in their taxable income at the state level. Taxation of these benefits could have a serious impact on their lifestyle and may provide a less beneficial financial picture than was first thought. Want to know whether your state taxes Social Security benefits?
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