When someone passes away in New York State without a last will and testament their property is distributed according the New York’s Estates Powers and Trusts Law.
A common question we receive from clients is whether they can use a revocable trust and still accomplish their goal of protecting their assets in the event they need to enter a nursing home.
Clients or prospective clients commonly ask whether they need a will.
2014 Federal Estate Tax Exemption: The IRS just announced that the exclusion amount for estates of decedents who die in 2014 is $5,340,000, up from a total of $5,250,000 in 2013.
It's not too late to save your assets or your family member’s assets. Often, there are crisis planning strategies that can save more for your family.