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Can I Prepare My Will on My iPad?

Javier Castro’s last will and testament, drafted at his deathbed on his brother’s Samsung Galaxy tablet, was recently found valid by an Ohio court. The electronic will was signed and witnessed with a stylus, and this was sufficient to meet the requirements under Ohio law, which states only that a will be a written document [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments

International Issues in Estate Planning: When Your Spouse Is Not a U.S. Citizen, Part II: The QDOT

The unlimited marital deduction allows a person to transfer any amount of funds to a spouse free from tax. However, if your spouse is not a U.S. citizen, your estate cannot use this marital deduction without a Qualified Domestic Trust (QDOT). QDOTs were designed to stop noncitizen surviving spouses from leaving the country with a [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments

International Issues in Estate Planning: When Your Spouse Is Not a U.S. Citizen, Part I: General Estate Planning Considerations

When it comes to estate planning, one size doesn’t fit all, especially if your spouse is not a U.S. citizen. This is the first of two blog posts focusing on what you need to be aware of if your spouse is a noncitizen. If your estate is below the federal estate tax exclusion threshold ($5,250,000 [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments

Understanding Estate Tax Thresholds

George Steinbrenner had great timing. He was born on the Fourth of July and died in 2010, a year that there was no estate tax in the country. If Steinbrenner had died in 2009 when the estate tax threshold was $3.5 million and the rate 45 percent, the billionaire’s heirs would have had to pay [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments

Medicaid and Managed Long-Term Care

Managed long-term care services in New York are available for those over the age of 65 and younger people with disabilities or chronic illnesses who do not have sufficient income to pay for the care they need. All of these plans accept Medicaid. There are three types of managed long-term-care service plans in New York. [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments

Trust Administration Versus Probate: Which Should You Choose?

Following a great deal of speculation regarding the possibility of a will contest, actor James Gandolfini’s will has been filed for probate with apparently no problems among his heirs. The former Sopranos star, whose estate is estimated at $70 million, arranged for most of his assets to transfer to his beneficiaries outside of probate. The [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments

Giving the Gift of Life — Organ Donation

According to the U.S. Department of Health & Human Services, more than 120,000 people in the United States are waiting for an organ and 18 of them die every day. A single organ donor has the potential to save as many as eight lives. In 2012, approximately 2,250 donors were between the ages of 50 [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments

The Effect Dementia Has on an Estate Plan

The Alzheimer’s Association estimates that more than five million Americans have Alzheimer’s disease and that by the year 2050 that number could triple. It also claims that one in every three senior citizens today dies with Alzheimer’s or some other type of dementia. What is dementia? Dementia is a broad term used to describe a [...]

By | 2016-11-16T20:33:19+00:00 January 16th, 2016|Uncategorized|0 Comments