If there is one group of parents who often do much harm to their estate planning it is homeowners. A simple Google search reveals one bad idea after the other and parents who are trying to protect their family often fall victim to the misinformation. Most everyone wants to avoid probate. If you were to […]
Read MoreIn New York, the age of majority, when a parent is no longer considered the legal guardian of their child, is a surprisingly young 18 years old. It must be noted that 18 years old is not what it once was. It is common for children to remain living with, or financially dependent on, their […]
Read MoreMost everyone understands that estate planning is needed to protect minor children. Should something happen to you, you would not want a court to decide who should be the guardian of your child or when your child should inherit the money you left to them. This is common sense. But we live in an age […]
Read MoreIn this article, I would like to discuss the reasons to take care of estate planning this year. The benefits are not “I took care of my estate planning, so now I have this thick set of documents in my fireproof safe. This feels great.” The benefit is found in knowing that you have done […]
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The revocable living trust is the foundation of our estate planning practice at Katzner Law Group. As happy as we are to see the widespread shift away from wills to revocable living trusts, we also appreciate that there are some circumstances where they may not be required. Let’s discuss the advantages of a revocable living […]
Read MorePayable on Death bank accounts has become increasingly popular as a means to avoid probate over the last few years. This rise corresponds in no small part to their popularity on various internet forums. Anything that’s “easy” and can avoid probate must be good, right? Let’s examine these accounts in more detail. Payable on Death […]
Read MoreMy most sophisticated clients understand that estate planning is more than just “leaving stuff to your loved ones.” Your death provides you an opportunity to do something for your loved ones that is largely impossible during life. Having an estate plan which creates an asset protection trust upon your death is a gift to your […]
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It seems easy: just pick who you want to inherit the money in your IRA and list them as the IRA beneficiary. It doesn’t seem like a topic deserving of its own article. But your family could end up losing a substantial amount of money if you designate the wrong beneficiary. A beneficiary designation is […]
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Chapter 13 bankruptcy is designed for people that don’t qualify for Chapter 7, maybe your income is too high, or you have assets worth too much money. It’s also designed to allow you 5 years to catch up on your mortgage arrears (the amount you are behind on your mortgage payments). With a Chapter 13, […]
Read MoreSome people have been trained to think, “If I have a will based estate plan that means my estate planning has been properly taken care of. I’ve done all that I can for my family.” Unfortunately, that is not the case. While a will based estate plan is better than no estate plan it, unfortunately, […]
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