Blog Posts in June, 2012

  • Copper Heiress' Multiple Wills Lead to Probate Litigation

    || 27-Jun-2012

    When a loved one dies, it is difficult. When that loved one leaves behind a recently re-drafted will that gives her caretakers the bulk of their estate instead of her family, the death can be harder still. For people with loved ones who made unexpected decisions they would not have made when they were of sound mind, probate litigation to challenge the will may be the right decision. That is ...
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  • The Bush-era tax cuts are set to expire at the end of the year. Unless Congress acts, one of the casualties will be the current lifetime gift-tax exemption. The change will have tax implications for as many as 6 million households across the country, including many in New York. Fortunately, individuals can preserve their assets by employing estate planning strategies. Right now, individuals can ...
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  • Entrepreneurship can be a double-edged sword. While you may reap great rewards for being a business owner, so too do the responsibilities mount. It may be tempting to put off planning for the life of your business after you're gone -- especially at a young age. Unfortunately, too many people have failed to plan for the unexpected and left their heirs and remaining business partners with no ...
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  • Lesson from Abstract Artist: Have Definitive Estate Plan

    || 6-Jun-2012

    Parents want the best for their children, and when they become grandparents the same applies to the grandkids. Thoughtful estate planning is one of the best ways to help and protect loved ones into the future. Although New York does not have an inheritance tax, donors can make important decisions to preserve their assets from federal taxes. Protecting a child or grandchild's inheritance may ...
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