Category: Estate Planning


Estate Planning and Asset Protection for Retirement Accounts

For many estate planning clients, their retirement account represents the majority of their wealth.  Typically these accounts are held in “tax qualified plans” such as a 401(k), or an IRA.  Because they are not subject to income tax until withdrawn — typically at age 70 1/2 — they provide the ability to accumulate large amounts of wealth during one’s lifetime.  In addition,

Estate Planning Challenges Faced by Non-Citizen US Residents

Generally, if you are domiciled in the United States (US) at death, your estate is subject to US estate taxes. The determination of domicile is subjective. If you are a permanent resident, however, and have a green card, you will undoubtedly be considered domiciled in the US.  But does that mean that you are treated the same as a

Is a Reverse Mortgage the Right Choice for an Elderly Homeowner?

Estate Planning and Elder Law Attorneys are often asked by clients whether a reverse mortgage is the right choice for them. The answer of course is that it depends on the circumstances. Are you over the age of 62? Do you have substantial equity in your home but limited cash resources to pay bills?  Do

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  •   Estate Planning
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Why Reviewing your Estate and Financial Documents Must Be a Regular Occurrence

I applaud those of you who have taken the time to do an estate plan and protect your assets for yourself and your children. But is it enough to simply place those documents in a safe deposit box at a bank or fireproof safe (“Security Box”) within your home and think that you are done?

  • Clifford M. Cohen,
  •   Estate Planning
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Blended Families | Clifford M. Cohen

Now that the estate tax exemption has been stabilized at $5,000,000 and a husband and wife can actually give up to $10,000,000 at death (plus an indexed amount tied to inflation), to their loved ones, tax free, many people believe that estate planning is no longer necessary. This of course is a myth. Although tax

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  •   Estate Planning
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