Tax Reform: What Seniors and Individuals with Disabilities Need to Know The Tax Cut and Jobs Act (TCJA) is now officially law and it’s good news for most Americans. These are a few of the provisions that we believe will impact our clients from an estate planning perspective. Standard Deduction is Almost Doubled. For single…

Many people find themselves baffled and overwhelmed when faced with the topic of “estate planning.” This article should help allay any fears or uncertainties regarding this seemingly ambiguous area of the law. Estate planning focuses on developing a plan for the management and distribution of your assets upon death; however, a complete estate plan should…

Not all Powers of Attorney are created equal.  A client’s circumstances should dictate the breadth and extent of powers granted to an Agent under a Financial Power of Attorney, often called a General or Durable Power of Attorney.  Below, we have highlighted some of the critical provisions that you should thoroughly understand.   Gifting Power:…

  Probate is often necessary before a decedent’s assets can be transferred to beneficiaries after death.  While some assets may pass directly to beneficiaries by means of joint ownership with right of survivorship or beneficiary designation, the decedent’s other assets are considered “probate property.”   The Probate Court is charged with overseeing the probate process…