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Legacy Contacts and Estate Planning
When we think about estate planning, we typically think about Wills, Trusts, and who will inherit our assets. Often overlooked are our digital assets: the photographs, messages, and documents stored in iCloud. Will your loved ones be able to access them? Not necessarily.
The 72.5 million Americans receiving social security will enjoy a 2.5% cost of living adjustment (COLA) increase in 2025.
A last will and testament is meant to respect your wishes in the time after your death, while a living will is used to honor your wishes in the last moments of your life.
You can renounce your right as Executor and decline to act by simply signing a Renunciation of Nominated Executor form in front of a notary.
Whether you are 18 or 81, there are four key documents you should consider: health care proxy, HIPAA release form, living will, and power of attorney.
If you are a parent of a young child, you have probably heard that you should have a will. But do you know why?
The Transfer on Death Deed is a provision under New York State Real Property Law that provides property owners with the ability to designate beneficiaries who will inherit real property upon their passing, bypassing the probate process.
The filing requirements imposed on owners of corporate entities by the Corporate Transparency Act (CTA) are currently suspended.
Gifting can be gratifying and can also provide an income tax benefit as the year comes to a close. Learn more about how much you can gift tax free this holiday season.
There are several ways one can make a charitable gift as part of their estate plan. First and foremost, you can always give during life.
While a trust technically becomes the owner of your home when you sign a deed transferring ownership to a grantor trust, rest assured that you will still receive the same real estate tax exemptions and/or benefits that you received when your home was owned in your individual name.
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Partner Britt Burner, Esq. explains how often to review your estate planning documents and the life changes that may prompt a review.
