Entries tagged: estate planning

Making Gifts in These Financial Times

Posted: August 23rd, 2016

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If a person has the desire to make any gifts, now may be a great time to do so.  There are sometimes financial benefits to making certain gifts.  A tough economy is often the best impetus to make gifts.  It may seem counter-intuitive at first—making gifts when the donor has less valuable property—but the conditions […]

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Prince Needed a Will, and You Do Too

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Posted: July 25th, 2016

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    Published in the Hauppauge Reporter Prince was a member of that rare breed of artists who defy easy description.  His innovative songwriting, eclectic style, and extravagant stage presence ensured his induction into the Rock and Roll Hall of Fame as well as a spot on countless “best of” and “most influential” lists of the […]

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What to Do When a Loved One Dies

By: Martin Glass, Esq.

Posted: July 25th, 2016

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Of course, it’s always tough when a loved one dies.  It’s already emotionally draining, but if you are immediate next of kin and/or the named Executor, there’s even more stress.  Depending on the complexity of the estate, there could be an enormous amount of work required to handle the person’s estate. A few things should […]

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I Need an Estate Plan – Part Four

By: Martin Glass, Esq.

Posted: May 23rd, 2016

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The first three parts of this series have been about the various advanced directives, i.e. Power of Attorney, Health Care Proxy, and Living Will.  These are all very important documents but they also become null and void upon your death. That’s where your Last Will and Testament (the “Will”) comes in.  If you don’t write […]

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I Need an Estate Plan – Part Three

By: Martin Glass, Esq.

Posted: March 21st, 2016

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“Hi, I need to get a Power of Attorney for my dad.”  You would be surprised how many times I get that call.  A daughter or son calls and wants me to prepare a “simple” power of attorney for their parent.  But before anything else, I try to find out why the parent isn’t calling. […]

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I Need an Estate Plan – Part Two

By: Martin Glass, Esq.

Posted: February 19th, 2016

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Last month I discussed the ins and outs of a Health Care Proxy.  This month I’d like to discuss its sister document, a Living Will.  This is not to be confused with a Last Will and Testament (commonly known as “the Will”). The Will does not become effective until after you die, whereas the Living […]

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I Need An Estate Plan – Part One

By: Martin Glass, Esq.

Posted: January 22nd, 2016

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Well, it’s a new year and everyone has made their New Year resolutions.  Hopefully one of those resolutions is to do an estate plan.  Unfortunately, historically the percentage of resolutions that are actually carried out is fairly low.  This is a resolution that I hope everyone keeps. Just so I’m clear, I’m talking about a […]

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Be Careful When Rolling Your IRAs

By: Martin Glass, Esq.

Posted: December 18th, 2015

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This is the end of the year.  Since many of my senior clients have to take out the Required Minimum Distribution (RMD) from all their IRA accounts, they also start to think about moving the rest of their IRA money into possibly a more productive investment.  But a word of caution, beginning this year, there […]

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Fiduciaries You May Not Want

By: Martin Glass, Esq.

Posted: October 20th, 2015

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In past articles I’ve spoken about how to appoint the proper fiduciaries (executors, trustees, guardians, etc.).  But what about those people that you don’t want? Most of my clients don’t realize that you can “dis-appoint” someone in your documents.  You actually have the ability to add almost any language you want in your documents, whether […]

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The Estates of the Rich and Infamous

By: Martin Glass, Esq.

Posted: September 25th, 2015

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Being rich and famous doesn’t always mean that you’ve got a good estate plan, and there’s no guarantee that there won’t be estate litigation contests. Here are just some examples of things that can go wrong. Sometimes it doesn’t even get to the estate plan.  In the case of famous DJ and radio personality Casey […]

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