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Category Archives: Estate Planning

Read more on the complicated issues related to estate planning that Alatsas Law Firm believes are pertinent to anyone considering or already planning their finance’s future

New Changes to Retirement Planning

In France, proposals to raise the retirement age are met with street protests. Yet around the world, the retirement age is creeping up; in the United States, it is moving up from 65 to 67. In fact, 2019 research shows that many Americans expect that they might never retire at all. People simply do not […]

Hybrid Policies May Help Your Long-Term Care Needs

You have probably heard about the astronomical costs of nursing-home care if you become seriously ill or injured. You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn’t seem like a good bet either if you’ve heard horror stories about skyrocketing premium costs and difficulties in even […]

Gift Taxes and What They Mean for You

The gift tax is a tax on the transfer of assets, cash or property, to another without receiving something of equal value. The asset has to be of a certain value for the tax to apply; otherwise, it falls under the gift tax exclusion, either annual or lifetime. If the gift is above a certain […]

Estate Planning with a Blended Family

Couples often bring children into a marriage from a prior marriage or union and then have children together. This is often referred to as a blended family. Blended families highlight the need for careful estate planning to make sure the needs of each spouse are met, as well as the needs of each parents’ children. […]

Property Co-Ownership Could Be Tricky

Although owning property with family may let you pass on the asset without going through probate, there are several risks, including taxes, creditor exposure, and loss of control. So when dealing with property, it is important to consider these risks and how to manage them, or to consider other methods of estate management entirely. The […]

The Windfall Elimination Provision

If you receive a pension from your employment that did not pay social security payroll taxes, your SSA benefit might be reduced by the Windfall Elimination Provision (WEP). How can you know if this is your situation? Your social security statement does not reflect any reduction in benefits because of the WEP. The SSA will […]

Tips for Buying Special Needs Housing

If you or a loved one is in the market for a home that will meet a physical or developmental need, there are some tips to consider before you begin the process. The US Department of Housing and Urban Development (HUD) website lists state, local government, and other organizations that can help you. At the […]

What Is a Prenuptial Agreement and 10 Topics It Should Address

While prenuptial agreements used to be fairly rare and only reserved for the rich and famous, an increasing number of couples are choosing to get prenups to safeguard their own financial security. At Alatsas Law Firm, we work with couples of all ages, backgrounds, and income brackets to determine exactly what should be in a […]

Revocable vs. Irrevocable Trusts: Understanding What They Are and Their Differences

When it comes to estate planning, there are several different approaches you can take to ensure that your final wishes are carried out. Living trusts are important documents to consider, and there are two types to choose from. This article will describe the difference between a revocable and irrevocable trust so that you can make […]

Why You Should Rethink Your Retirement Investments

Kiplinger.com is suggesting it is time to rethink your financial retirement portfolio. You may have built up a significant nest egg in a 401(k) plan, but it does come with serious baggage during your golden years. It is impossible to argue against the early stages of a 401(k) when employers match your contribution to the […]