Owning real estate incurs liability

OWNING REAL ESTATE: THE LIABILITY AND PROTECTION OPTIONS

Gabriel Katzner - March 9, 2020 - Estate Planning

Real estate can refer to your primary residence, but it can also include a vacation home or rental property. Below, we take a look at the different types of real estate and make suggestions about the best form of ownership for each. Primary Residence A primary residence receives special tax treatment, so you’ll need to […]

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How you title real estate matters

REAL ESTATE: YOUR TITLE MATTERS

Gabriel Katzner - March 2, 2020 - Asset Protection

Real estate can take on different forms of ownership, and understanding how your real estate is owned, or “titled,” can help you determine how much control you have over your asset. You can better understand how susceptible your property is to creditors, and what will happen to it upon your death. Below are some common […]

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bankruptcy and your estate plan

BANKRUPTCY AND HOW IT AFFECTS YOUR ESTATE PLAN

Gabriel Katzner - January 6, 2020 - Estate Planning

During the period from June 30, 2018, to September 30, 2019, the country experienced 969,397 bankruptcy filings, a large number by any standard. Most of those who prepared estate plans during that time probably weren’t factoring bankruptcy into their equations. What happens to your estate if you file for bankruptcy protection, but die before you […]

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secure act

MASSIVE CHANGE TO RETIREMENT PLANNING – THE SECURE ACT IS NOW LAW

Gabriel Katzner - January 5, 2020 - Estate Planning

What Impact Will It Have On You and the Beneficiaries of Your Retirement Accounts Post Your Death? On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (the SECURE Act), effective January 1, 2020. The SECURE Act contains, by far, the most significant changes to retirement planning in a […]

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Property ownership requires asset protection.

RENTAL PROPERTY OWNERSHIP AND ESTATE PLANNING

Gabriel Katzner - November 19, 2019 - Estate Planning

Airbnb and similar alternatives to hotel stays are growing in popularity among homeowners and vacationers. If you’re considering opening your home to travelers, or if you have a home or other rental property that generates income, the following asset protection and estate planning considerations will be helpful. Owners Need Protection from Liability In any rental […]

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NYC and San Diego Estate Planning attorney Gabriel Katzner explains facts about RLTs

THE ABCs OF RLTs: REVOCABLE LIVING TRUSTS

Gabriel Katzner - November 11, 2019 - Estate Planning

A revocable living trust (RLT) is a commonly used estate planning tool. But what exactly are RLTs, and what do they accomplish? Who do they impact, and how can they be changed? What are Revocable Living Trusts?  Trusts are legal entities that hold title to property for the benefit of a living person, and a […]

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protect yourself and family from identity theft

IDENTITY THEFT – AN IMPORTANT ESTATE PLANNING ISSUE

Gabriel Katzner - October 28, 2019 - Asset Protection

No grieving family wants to add identity theft to their list of worries during an already difficult time. Unfortunately, a growing number of identity thieves have targeted the identities of deceased people and older adults, using names and other identifying information to obtain credit cards, loans, refunds based on fraudulent tax returns, and even false […]

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The SECURE act and its effect on retirement.

THE SECURE ACT: HOW WILL IT IMPACT YOUR RETIREMENT?

Gabriel Katzner - August 26, 2019 - Estate Planning

The Senate is currently reviewing new legislation that will presumably help seniors prepare for their golden years. Better known as the SECURE Act, Setting Every Community Up for Retirement Enhancement seeks to make Individual Retirement Accounts (IRAs) more appealing to Americans of all backgrounds. Though the legislation has not yet cleared the Senate, the SECURE […]

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Traditional Asset Protection

CAUTION: YOUR TRADITIONAL ASSET PROTECTION PLAN MAY NOT BE STRONG ENOUGH

Gabriel Katzner - July 11, 2019 - Asset Protection

Asset protection planning is a practice area that’s far from new; even if you’ve never heard the term before, you’ve probably engaged in some form of traditional asset protection planning at some point during your life. In fact, no matter the words you used to describe it, you probably have several forms of asset protection […]

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asset protection tips

3 ASSET PROTECTION TIPS YOU CAN USE RIGHT NOW

Gabriel Katzner - July 4, 2019 - Asset Protection

If you think only wealthy people or those in high-risk professions need to worry about lawsuits, take a closer look. The truth is, anyone can be sued, and no matter how risky your job or how high your net worth, it’s a good idea to have an asset protection plan in place. Car accidents, foreclosures, […]

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