New York City Office655 Third Avenue, 20th Floor
New York, New York 10017
(212) 490-2020 Phone
(212) 490-2990 Fax
Westchester Office399 Knollwood Road
White Plains, New York 10603
(914) 684-2100 Phone
(914) 684-9865 Fax
Dutchess Office300 Westage Business Center
Drive, Suite 400
Fishkill, NY 12524
(845) 896-1106 Phone
(845) 896-1107 Fax
People who leave a large sum of money to a loved one with a disability are always doing so with the best intention at heart. On its face, a lump sum in the tens or hundreds of thousands of dollars seems like a gift that will help care for your loved one for a long [...]
Continue reading...Establishing an estate plan is just the first step in preparing for your future care and the future care of your loved ones. If you have chosen to set up a trust for tax and probate purposes, it is important to stick to a regular schedule of funding your trust.
Funding your trust is the process [...]
Too many people assume that they are on the same page with other members of their family when it comes to estate planning and planning for the care of minor children or children with special needs. However, this is not always the case.
One of the first things a family should do when preparing an estate [...]
The recovery plan enacted last December contains a new rule about the eligibility of non-spousal heirs to receive 401K benefits. Previously, children, siblings and other family members were subject to rules that forced them to cash out, and pay taxes on, an inherited 401K plan within 1-5 years – a rule than never applied to [...]
Continue reading...Although it may seem difficult, estate planning is most important during a recession. Sticking to an estate plan will help you maximize the benefits of your assets and property in both the short and long term, and will allow you to minimize any damage that may be done to your long term plans.
One tool you [...]
One of the important things to remember about your estate plan is that most of the documents contained within it, like your Will, can be amended to reflect changing circumstances. Many people think that they need to put off estate planning until marriage, or having children or some other major life-changing event because they do [...]
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