Make Sure Your Beneficiary Designations Match Your Estate Plan

Many types of property and investments pass outside of probate and allow you to designate who will receive them after your death. It is important that these designations are kept up to date and are consistent with the rest of your estate plan.  When you open up...

Prenuptial Agreements Can Be an Estate Planning Tool

As more and more people marry more than once, prenuptial agreements have become an important estate planning tool. Without a prenuptial agreement, your new spouse may be able to invalidate your existing estate plan. Such agreements are especially helpful if you have...

A Letter of Instruction Can Spare Your Heirs Great Stress

While it is important to have an updated estate plan, there is a lot of information that your heirs should know that doesn’t necessarily fit into a will, trust or other components of an estate plan. The solution is a letter of instruction, which can provide your...

Major Changes to NY Community Medicaid Program

Included in the recently passed New York State 2020 State budget Bill are drastic changes that significantly affect eligibility for New York Community Medicaid – commonly used to obtain aides to assist with daily living. As of an anticipated start date of October 1,...

End of Summer Last Licks

IRS Gearing Up to Shut Door on Huge Discounts The window may be rapidly closing for wealthy families to take advantage of valuation discounts when transferring interests in family entities. At the American Bar Association’s Section of Taxation meeting in May, IRS tax...