Category: Estate Planning


Key Tips for Supporting A Loved One with Dementia

Key Tips for Supporting A Loved One with Dementia Are you caring for a loved one with dementia? One of the most challenging aspects of witnessing a loved one struggle with dementia may be the sadness and confusion an individual experiences, often exhibited through angry outbursts and belligerence. Let’s go over some tips that can

  • Clifford M. Cohen,
  •   Estate Planning
  •   Comments Off on Key Tips for Supporting A Loved One with Dementia
  • Read More

Reasons Why Trusts Fail

Reasons Why Trusts Fail Did you know that trusts can often be touted as one of the most useful estate planning instruments? They can keep an estate out of probate. They can be utilized for tax planning purposes. They can be used as a vehicle for long-term care planning by structuring a person’s assets in

Think You Are Able To Avoid Probate? Three Common Mistakes We See

Think You Are Able To Avoid Probate? Three Common Mistakes We See Did you know there may be several tools you can put in place to avoid probate, at least in part? Due to the notoriously lengthy and often expensive nature of the probate process, many seek ways to avoid it. Unfortunately, however, there may

  • Clifford M. Cohen,
  •   Estate Planning
  •   Comments Off on Think You Are Able To Avoid Probate? Three Common Mistakes We See
  • Read More

Inherited 401(k)s: 6 Questions Heirs Need to Ask

Inherited 401(k)s: 6 Questions Heirs Need to Ask Did you know that an inherited 401(k) can be a lasting legacy, but the windfall should be handled carefully to maximize the inheritance and minimize taxes? Your relationship to the deceased and the 401(k) plan’s own rules can impact your options for managing the money. Step carefully,

  • Clifford M. Cohen,
  •   Estate Planning
  •   Comments Off on Inherited 401(k)s: 6 Questions Heirs Need to Ask
  • Read More

Understanding Special Needs Estate Planning for the Cognitively Impaired

Understanding Special Needs Estate Planning for the Cognitively Impaired Do you have a child or loved one with a developmental disability or other type of cognitive impairment?  Your estate plan may have considered current or potential physical disabilities, but what if your loved one has developmental or other types of cognitive disabilities?  Individuals with these

  • Clifford M. Cohen,
  •   Estate Planning
  •   Comments Off on Understanding Special Needs Estate Planning for the Cognitively Impaired
  • Read More

7 Questions to Ask Before Updating Your Estate Plan After Remarriage

7 Questions to Ask Before Updating Your Estate Plan After Remarriage  Did you know that remarriage is on the rise in the U.S.? It can be important to note, however, that remarriage can create some tricky estate planning issues. Are you wondering how you can assure your assets end up where you want them to

  • Clifford M. Cohen,
  •   Estate Planning
  •   Comments Off on 7 Questions to Ask Before Updating Your Estate Plan After Remarriage
  • Read More

Understanding Prenuptial Agreements for Estate Plans

Understanding Prenuptial Agreements for Estate Plans Discussion of the prenup seems to abound, surrounding celebrity and other high-profile marriages. From a legal perspective, what exactly is a prenuptial agreement and how can you add one to your estate plan? As the term itself suggests, a prenuptial agreement is an agreement, or more accurately, a legal

  • Clifford M. Cohen,
  •   Estate Planning
  •   Comments Off on Understanding Prenuptial Agreements for Estate Plans
  • Read More

Are You Set Up To Protect Your Digital Assets?

Are You Set Up To Protect Your Digital Assets? New Year’s resolutions are in full swing, and in this new year of 2021, understanding how to protect your digital assets seems like a hot topic. Data security is in the headlines, and digital privacy is the new black. On January 28, 2021, we will recognize

  • Clifford M. Cohen,
  •   Estate Planning
  •   Comments Off on Are You Set Up To Protect Your Digital Assets?
  • Read More

Understanding the Portability of the Estate Tax Exemption

Understanding the Portability of the Estate Tax Exemption Many people make estate tax avoidance a priority. This makes sense considering how costly the estate tax can be if the total value of an estate exceeds the allowed exemption amount. Fortunately, there have been laws introduced to help people plan for estate taxes. For instance, did

  • Clifford M. Cohen,
  •   Estate Planning
  •   Comments Off on Understanding the Portability of the Estate Tax Exemption
  • Read More

Considerations for Remarriage and Estate Planning

Three Considerations for Remarriage and Estate Planning in the New Year Have you remarried or are you planning to remarry in the New Year? If so, you should be aware that remarriage can have a significant impact on your estate plan. Now can be a great time to review your estate plan to make sure

  • Clifford M. Cohen,
  •   Estate Planning
  •   Comments Off on Considerations for Remarriage and Estate Planning
  • Read More