Refer to our regularly updated blog to learn about a variety of family law and asset protection issues in New York, as well as concerns related to elder law and bankruptcy. We provide these posts to help prospective clients better understand their legal options so they can make informed decisions about how to best proceed with their case. If you would like to discuss your issue further, contact our office to schedule a consultation with attorney Theodore Alatsas.
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Trust decanting is a process that can be utilized to modify or alter the terms of an irrevocable trust.An irrevocable trust is an estate planning tool designed to limit the grantors' ability to alter its terms - but there are steps you can take to change it.
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Naming a beneficiaries to accounts can cause unintended problems. Learn why there are better alternatives to naming a beneficiary to an account.Adding a family member as a beneficiary to an account can be a low cost way to plan part of an estate, but sometimes there can be drawbacks.
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Planning as part of the sandwich generation presents enormous challenges. Here are 6 steps to take to meet those challenges.The "Sandwich Generation" is caught between caring for their parents and their children. Planning for them both can be challenging.
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Holiday gatherings with family may be a good opportunity to discuss many aspects of an aging loved one's planning and wishes should they get sick.Family get togethers are not merely an opportunity to reconnect with loved ones.
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Planning for a child with special needs presents challenges that can be addressed with a Last Will and Testament that has a Special Needs TrustSetting aside assets and support for a child with special needs when your gone can be challenging. A will with a special needs trust can help.
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What steps can we take to try and prevent Alzheimer's disease?Alzheimer's Disease has a lasting impact not just on the person who has it, but on the whole family.
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Keeping an Art Collection Safe With a Will, Trust, or Limited Liability CompanyArt collectors often have complex estate planning needs. However, these three common strategies could help you, your heirs, and your estate avoid complications.
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Avoiding Identity Theft During Estate AdministrationExecutors must often exercise extreme caution when administering an estate, or the decedent’s personal information might fall prey to identity thieves.
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It Is Important to Have a Plan for Your Assets and Property Estate While UnmarriedAmong older Americans, divorce and widowhood are at an all-time high, leading to new partnerships.
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What Are the Consequences of Disinheriting a Child?Disinheriting a child can lead to family conflict and legal challenges. Learn alternatives like trusts to protect inheritance and ensure fair distribution.
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Independent Living with Home Sharing is Preferable for Baby BoomersBaby Boomers address independent living challenges by embracing home sharing options. Explore tips for creating a successful living situation.
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Managing Family Wealth and Minimizing TaxesMany legal strategies are used to maximize wealth preservation and minimize tax liabilities for high-net-worth families. Changing federal and state tax laws can impact new and existing estate plans.