Blog Posts in 2016

  • NEW Digital Asset Bill Just Passed

    || 21-Dec-2016

    On September 29, 2016, a bill was signed into law by Governor Cuomo adding Article 13-A to the New York Estates Powers and Trust Law (the "EPTL"). This legislation is New York State's version of the "Uniform Fiduciary Access to Digital Assets Act" (the "Act") which nineteen (19) other states have also enacted into law. The Act is effective immediately. It is meant ...
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  • Getting Auto Insurance After A DUI

    || 14-Oct-2016

    Driving under the influence (DUI) is dangerous but a DUI charge can also negatively impact your car insurance premiums, perhaps more than any other driving violation. Along with fines, legal fees, and court costs, your car insurance premiums will almost certainly go up if your insurance company doesn't drop your coverage altogether. Rates for new or existing auto insurance will almost ...
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  • If you make a mistake when naming beneficiaries of your life insurance policies, the people you love the most could end up getting hurt. In this article, we have put together a list of 10 life insurance beneficiary mistakes which you must try to avoid, and how best to fix them: 1. Naming Minor Children. If proceeds of your life insurance are payable to your minor children (instead of to a trust ...
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  • What Should You Be Doing With Your Tax Refund This Year?

    || 30-Sep-2016

    Approximately three out of four taxpayers receive a refund each year. And most people are surprised to learn how sizable that refund actually is. In the coming weeks, taxpayers will have to decide what to do with their refund. A recent National Retail Federation survey found that approximately one in 10 taxpayers plan to use their refund to invest in a major purchase, and nearly 15 percent will ...
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  • What Planning Could Prince Have Done?

    || 29-Sep-2016

    The recent death of Prince is an unfortunate lesson for us all. You are probably wondering if estate planning is for you. Your estate is comprised of everything that you own. If you would prefer your assets and personal belongings to go to whom you want, then I urge you read the information I have placed below. I gave a talk at a luncheon recently about the demise of Prince and how not having a ...
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  • The Benefits of Business Succession Planning

    || 27-Sep-2016

    Your business was built by years of hard work and long hours, and it's probably one of your most valuable assets. An asset that you will want to be in control of how it is transferred and to whom. Selecting the right successor may be easy for some, but not so easy for others. Sometimes the logical choice is to sell the business outright, while other times a business is a legacy that a business ...
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  • Are You Considering Estate Planning?

    || 16-Sep-2016

    Are you wondering if estate planning would benefit you and your loved ones? Whether you know it or not, you have an estate. Your estate is comprised of everything that you own and this includes your vehicles, your home, investment property, your business, personal belongings, jewelry, collectibles, investments, bank accounts, and just about anything you can put a price tag on. If you would prefer ...
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  • Six Mistakes To Avoid When Hiring an Estate Planning Attorney

    || 22-Jun-2016

    Hiring the right estate planning attorney can make you feel empowered to make the best decisions for yourself and your family regarding your future. It’s important, however, that you make sure you hire a legal professional who will meet your specific needs. In this blog, we share six common mistakes to avoid when hiring an estate planning attorney. Mistake #1: Seeking Online Options Avoid ...
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  • Digital Asset Planning

    || 20-May-2016

    Given the breadth of digital assets it’s difficult to know where our survivors would start, other than that they would likely be overwhelmed. Further complicating these matters is the uncertainty of existing ownership and transferability laws that do not adequately address the category of property known as “digital assets.” What are Digital Assets? Digital assets are broadly ...
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  • Get Started With Your Business Planning

    || 12-Apr-2016

    This month I'd like to share some important information about business planning and our own personalized business approach. Before forming your entity, we want to get to know you and learn about the things that are important to you. While other firms view the formation of your business entity as the end of the transaction, we see it as the beginning of a long-term relationship during which we ...
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  • The Caregiver's Survival Guide

    || 8-Mar-2016

    This month I'd like to share with you some vital information that most of us with elderly parents or children with special needs can relate to... caregiving for loved ones. My client and dear friend, Joan Swirsky, an award-winning author and journalist, recently wrote a book about the subject. I was a contributor and would like to share it with you. Below I've highlighted some points from ...
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  • Reduce Your Real Estate Taxes

    || 17-Feb-2016

    If you do not challenge your assessment, your real estate taxes will probably increase in order to make up for the tax reductions to those people who do successfully challenged their assessment. Accordingly, you should challenge your assessment now, even if you did so last year. My company, COBRA Consulting Group, will challenge your assessments and you pay no fee if there is no reduction. The fee ...
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  • Probate: Laying Out All of Your Options in 2016

    || 16-Feb-2016

    Whether you are facing a probate or an administration of a loved one's estate, having an attorney guide you through the process will be extremely beneficial, whether you are a fiduciary, a related family member or simply a beneficiary with interests in the estate. If you are planning for the future of your estate, then you may be wondering which documents are right for you. Give us a call to ...
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