You’ve worked hard to provide financial stability for yourself and your loved ones, but your assets may be at risk. In our blog, we discuss using strategies such as trusts and family limited partnerships to protect assets from creditor claims, divorce, lawsuits, or taxation. To learn how we can assist with your specific asset protection needs, please contact our office to request a free initial consultation.
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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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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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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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Managing Family Wealth and Minimizing TaxesExperienced estate planning for high-net-worth families: Protect wealth, minimize taxes, & secure your legacy. Contact our Brooklyn team today.
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Your Plan Will Also Protect Your Legacy From Your Children's Potential Divorces or BankruptciesYour family’s memories of you can be connected, through your things, in deeply emotional ways that may have nothing to do with the actual cash value of items.
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How You Share Your Assets With Your Children is Up to YouConsidering equal inheritances in your will or trust is common. Many families follow the "Equality Principle" for an even distribution among children.
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Elder Care: Should Children Pay?It is no longer news that long-term nursing care is astronomically expensive. Depending on the location, monthly costs can reach $7,000.00 or more.
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Discussing Your Parent’s Financial FutureYou shouldn't put off talking about finances with your parent if he or she is already experiencing cognitive decline.
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Six Big Mistakes to Avoid When Estate PlanningPlanning your estate ensures your assets, interests, and those you love are protected after you die. A poor plan can create additional stress in your heirs
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Using Life Insurance as Part of Your Estate PlanGrieving family members shouldn't inherit assets only to find out they cannot access them for the cash expenditures they will have to make after your passing.
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How Elder Law Attorneys Benefit Seniors and Their FamilyElder law attorneys, or CELAs, advocate for seniors and their families, addressing a wide range of legal issues affecting older or disabled individuals.