Planificación patrimonial

Restorative Tax Exemptions for New York Property Owners

When you own a piece of real property in New York State, your circumstance dictates whether or not you are entitled to certain tax exemptions.

What does this mean? Your personal residence may qualify for a number of exemptions based on factors such as whether you are a senior citizen, have financial difficulty, or are a veteran. In addition, if you and your spouse earn under $500,000 per year, then you could file for the STAR exemption for your personal residence.

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Estate Planning and Ironman: What’s the Connection?

Estate Planning -- Like an Ironman! by Deanna M. Eble

Estate Planning and an Ironman event…what does one have to do with the other you ask? EVERYTHING!

As a proud wife of a first-time Ironman and an elder law attorney, I can explain.

Step 1: Hire a Coach

  • Most first-time Ironmen striving to cross that finish line after 140.6 miles of swimming, biking and running need direction on how to build up their endurance for such a long race.
  • Most people doing estate planning for the first time need a plan to protect their assets. Elder law attorneys know what needs to be done to protect your assets from your future long-term care costs.
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Why You Need Legal Advice for Elder Law and Estate Planning

Todo el mundo tiene su nicho.

Los asesores financieros tienen un campo de especialización determinado, y la mayoría son muy buenos en lo que hacen. Sin embargo, cuando se trata de derecho de la tercera edad, Medicaid y planificación patrimonial, no hay sustituto para un asesoramiento jurídico sólido.

Estudio de caso:

Un jubilado concertó inicialmente una cita con un bufete de abogados especializado en planificación patrimonial y derecho de la tercera edad, pero un amigo de la familia era asesor financiero. Decidió trabajar con su amigo y canceló su cita con el bufete de abogados.

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The Complexities of Whitney Houston’s Estate and Trust

The tragic death of Bobbi Kristina, Whitney Houston’s only child, has left her estate in limbo.

Houston’s will left the entirety of her estate, including jewelry, clothing, cars, record profits and music royalties, in a spendthrift trust to the sole heir, Bobbi Kristina.

The provisions of this trust stated that Bobbi Kristina would receive the distributions in three installments: 1/10 at age 21, 1/6 to be received at age 25, and the remainder of the estate upon her turning 30. Based on these provisions, Bobbi Kristina was only entitled to 1/10 of the estate when she died since she was only 22 years old at the time of her passing.

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Should You Have a Living Trust? Exploring the Benefits

Is a Trust Right for you?Many clients frequently come to me and ask if they should have a trust. Sometimes they are not even sure what a trust is and, more often than not, they do not understand how a trust works.

Although my mother always told me to never answer a question with a question (sorry mom!), my initial response is a question – what are you looking to accomplish by having a trust?

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