by Jamie L. Larkin, Esq. Gene Hackman was a well-known actor, best known for his roles of playing both seriously tough and funny characters. In February 2025, the actor passed away, but controversy has sparked relating to his almost $80 million fortune that he left...
Preserving & Protecting Your Family’s Assets & Legacy
Estate Planning
What are the similarities and differences between an Irrevocable and a Revocable Trusts?
When it comes to making an estate plan, you often hear about people creating trusts. The two most common trusts mentioned are Irrevocable Trusts and Revocable Trusts. Similarities Let’s first begin with some of the similarities between the two. Both an Irrevocable...
What documents to bring to an appointment with your attorney?
When scheduling an appointment with your attorney, you should always keep in mind what you are looking to achieve. Are you coming in to discuss your estate plan, asset protection for long-term care or estate administration for your loved one who passed away? While...
Estate Planning Is Not Just for Seniors
One common misconception surrounding Estate Planning is that an Estate Plan can only be executed by older adults. This simply is not true. There are certain basic estate planning measures that should be taken as soon as a person reaches the age of 18 years. Every...
Clarification to the 10-year rule on inherited IRAs
Firm attorney Wayne Carrabus recently wrote an article for Long Island Business News. The piece titled "IRS clarifies 10-year rule for inherited IRAs" delves into the IRS's recent clarification on the 10-year rule for inherited IRAs, introduced under the SECURE Act of...
IRS News: Increased Estate, Gift Tax Exemption & Annual Exclusion for 2025
Some people who are in the process of doing their estate plans or those considering doing their estate plans in the future might have heard about Increased Estate, Gift Tax Exemption & Annual Exclusion. Skilled attorneys at Futterman Lanza, LLP are here to walk...
How often should I update my estate plan?
Estate planning is a critical aspect of everyone's life. It is not just about managing your assets -even though it does that- but also about ensuring you take care of your family members and loved ones after you pass on. Life can take unexpected twists and turns, so...
Protect your digital assets for the future
What are digital assets? Do you have social media accounts, emails or photos on your phone? If you do, this means you are the owner of digital assets. Most people tend to think that digital assets are only a part of virtual currency such as crypto or bitcoin, however...
Tips to avoid probate in estate planning
When creating an estate plan, most people typically have one thing in mind: securing their assets as efficiently as possible to pass them on to their loved ones. However, upon your passing, your assets will likely go through a necessary legal process called probate,...
Transfer on Death (TOD) Deeds in New York
Section 424, which provides for Transfer on Death (TOD) Deeds, was recently added to New York State’s Real Property Law, and will become effective on July 19, 2024. With a TOD Deed, the owner of real property, or transferor, can transfer the property to one or more...
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