Although every estate plan is as unique as the individual who creates the plan, there are some common documents that tend to be found in the average estate plan. A power of attorney is one of those. You probably have some idea what a power of attorney is and how one works; however, do you know what a “durable” power of attorney is and do you need to include one in your estate plan? The Harrison estate planning lawyers at the Law Offices of Kobrick & Moccia explain a “durable” power of … [Read more...] about Do I Need a “Durable” Power of Attorney?
Joint tenancy is a commonly used form of ownership between two or more people. It can be an easy solution. However, it can have drawbacks. Read on to learn more. Joint Tenancy Pros and Cons … [Read more...] about Joint Tenancy Pros and Cons
The Sandwich Generation is torn between caretaking responsibilities for their minor children and their elderly parents. But first, they need to make sure they take care of themselves. Read on to learn more. Planning for the Sandwich Generation … [Read more...] about Planning for the Sandwich Generation
You owe federal income tax wherever you live. But your overall tax burden can vary dramatically depending on where you live. Read on to learn more. Best Places to Retire: State Taxation … [Read more...] about Best Places to Retire: State Taxation
Most of us have an idea whom we’d choose to receive our assets at our death. But often we don’t contemplate what should happen if the people whom we’ve selected die before us. Read on to learn more about contingent beneficiaries. Whom Do You Want to Get Your Assets? … [Read more...] about Whom Do You Want to Get Your Assets?
Many of us are surprised that our assets may not go to those named in our Will. However, if you have assets controlled by beneficiary designations or other non-probate transfers, that’s the case. Read on to learn how a Will might not control all your assets. Read on to learn more. … [Read more...] about Beneficiary Designations and Other Non-Probate Transfers
The novel coronavirus, COVID-19, is spreading in the United States and across the globe. Learn what steps you can take to prepare yourself and help prevent its spread. Read on to learn more. … [Read more...] about Preparing for Coronavirus
Are you caring for an aging parent or grandparent? If so, you already understand how difficult it can be to provide quality care while still trying to focus on your own career and/or immediate family. A geriatric care manager may be the solution. A Harrison elder law attorney at the Law Offices of Kobrick & Moccia explains how a geriatric care manager can help family caregivers. Caregiver Facts and Figures If you are the primary caregiver for an elderly parent (or other loved one), it may … [Read more...] about How Can a Geriatric Care Manager Help You?
For many people, a successful estate plan must limit exposure to federal and/or state gift and estate taxes. Failing to incorporate tax avoidance strategies could cost an estate a substantial amount of money. One of those strategies will likely include making use of the yearly exclusion. A Hauppauge estate planning attorney at the Law Offices of Kobrick & Moccia asks “Are you making use of the yearly exclusion?” Understanding Federal Gift and Estate Taxes The federal gift and estate tax … [Read more...] about Are You Making Use of the Yearly Exclusion?
You likely understand the need for comprehensive estate planning and the importance it plays in your life. You may not, however, be familiar with the concept of legacy planning. Legacy planning lets you leave behind much more of who you are and what made you the person you are today. A better understanding of how you can benefit from legacy planning is the best way to convince you of its importance. Toward that end, a Hauppauge legacy planning attorney at the Law Offices of Kobrick & Moccia … [Read more...] about What Is the Difference between Estate Planning and Legacy Planning?