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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Who Does the Probate Attorney Represent?Turning back to the question, whether the lawyer owes a fiduciary duty the heirs of a probate estate depends on the state in which the estate is being probated.
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In the wake of the COVID-19 pandemic, society underwent a radical transformation.The COVID-19 pandemic forced us to adopt a more flexible lifestyle. This includes estate planning attorneys who now work with clients remotely.
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529 Plans with Estate and Education PlanningA 529 plan is a tax-advantaged savings plan designed specifically for education expenses. They are also referred to as qualified tuition plans and Section 529 plans.
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The Accumulation and Transfer of WealthStrategically saving money and preserving assets in a tax-advantaged way allows more wealth to accumulate in each generation.
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Probate Disruption by CreditorsIf a personal representative goes back on their word or makes a seemingly untrue assertion for debt payment.
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Plan Your End-of-Life Care Properly for Your Loved OnesOur health care system is geared toward keeping people alive for as long as possible.
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Helpful Guide to Estate TaxesAn estate tax is a tax on the total value of a person’s assets at death. The estate pays the tax before any beneficiaries receive assets.
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Why the Financial Implications of Divorce Aren’t Always Clear-CutWhile most people know that divorce can be expensive and time-consuming, separation can have hidden costs that couples fail to consider.
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Estate Plan Revisions After a DivorceYour estate planning attorney can update your will with a codicil that alters, changes, or subtracts the provisions.
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The Importance of Having an ExecutorYou will need a death certificate to open and close financial accounts, file the decedent’s final tax return, and more.
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Planning for Generational Wealth TransferOlder Americans, the baby boomer generation, in particular, control an enormous stockpile of money.
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Remember to Review Your Estate Plan OftenWithout modifying your will after gifting cash during your lifetime, the named individual will still get the gift when the will enters probate.