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Attorneys
Do I need an Estate Plan?
A question that pops up inside every adult’s mind is, “Do I need an estate plan?” A study reported that more than 76% of adults
Attorneys
Estate Planning for Children: How to do it right?
Children are the most beautiful thing which can ever happen to a family. We all start getting worried about the future and security of our children even before their birth. If you haven’t thought of the estate planning before then you must think about it now because with children it becomes a necessary step. Maybe you have heard about the estate planning before but you haven’t taken any action towards it yet. You should stop thinking about it because now that you have children it is a necessity to great an estate plan for their protection. Estate planning works as a shield for your kids and it does provide future safety to them in your absence. We think that everyone
Attorneys
How To Reduce Death Taxes With Estate Planning
Estate taxes in the USA are levied on valuations above $11.4 Million as per laws modified in 2019. This implies that most estates are not under estate tax purview. Estate planning is still an integral part of your financial planning endeavors. On the flip side, death taxes or inheritance taxes do apply. The assets that your legal heirs inherit are taxed on the basis of the valuation of the same. The beneficiary is liable to pay the tax. You can actually make provisions to pay this amount in your will itself. The aim of creating a plan is to maximize the inheritance for your family. Your hard earned money needs to be kept insulated. You can actually save thousands in
Attorneys
How Are Trusts And Will Different In Estate Planning
Estate planning uses many tools to create a strategy that is tax efficient and effective. Trusts and wills are both good ways to plan how to manage the assets in a way that fulfills your purpose. The trust and the will both have a different role to play in the strategy. They can together form the base of any structure that you give to your plan. Your estate planner will give you a good idea of how to use these tools in tandem. The Role Of A Will In Estate Planning The main difference between a trust and a will is very basic. The will comes into force once you are dead. This is your last testament and will direct
Attorneys
Estate Planning Lawyer
ESTATE PLANNING LAWYER IN BROOKLYN While we are young, healthy and happy – no one thinks about what will happen if we die. First of all,we are talking of course about real estate and property assets, and about who we would like to give the right to own and dispose of after our lives. Brooklyn Real Estate Planning Lawyer will advise you on future planning options regarding the effectiveness of your property. In this issue, only those who consider the advance appeal to a lawyer to be the affair of the rich are mistaken. Today it is an objective necessity. When planning today, we provide a safe tomorrow. If you have accumulations of money in your account or you are
Attorneys
Estate Planning: Difference between a Living Will & Power of Attorney
We spend most of our life in accumulating wealth and assets, taking care of our loved ones, fulfilling their wishes, and securing their future, however, in between all these we forget ourselves completely. At a certain point of time, we all need someone to take care of us it may be due to severe illness, an accident or after a certain age when we will not be able to do that for ourselves. Estate Planning- Hence, apart from thinking about our loved ones and our estate, we must think about ourselves like what will happen if we ever become disabling to take care of our health and in such a situation who will be responsible for our financial and healthcare
