Estate Planning – Focus on Same Sex Couples (Updated)

Everyone Needs Estate Planning; However, It Is More Critical For Some People. Estate Planning is Not Just for the Wealthy. You do not need to be wealthy or to have an estate tax problem in order to need an estate plan. If you own anything at all, you pretty much have an estate, which will [...]

The Essence of Estate Planning: Let the Journey Begin

At its most fundamental level, estate planning is about controlling the otherwise-uncontrollable. Death is inevitable; disability is increasingly probable as we age. When death or incapacity occurs, what happens to us, to our property, and to our loved ones? Planning in advance and taking advantage of our many applicable federal and state laws allows us [...]

News Alert: IRS Announces That It Will Treat Same Sex Couples as Married Based on Whether the Marriage Was Recognized By the State in Which the Ceremony Took Place, Not on Whether it is Recognized by the State Where a Couple Currently Resides

By Loraine M. DiSalvo On August 29, 2013, with the publication of Revenue Ruling 2013-17, the Internal Revenue Service answered one of the many questions left open after the Supreme Court's decision in U.S. v. Windsor was announced in late June 2013. For federal tax purposes, a same-sex couple will be deemed to be married [...]

2016-12-22T06:23:53-05:00September 3rd, 2013|News, Newsletters, Same Sex Estate Planning|

News Alert: What do the Two Recent U.S. Supreme Court Cases of U.S. v. Windsor and Hollingsworth v. Perry mean for Gay and Lesbian Couples?

By Loraine M. DiSalvo On June 26, 2013, the U.S. Supreme Court issued its rulings in two cases which involved marriage laws and the effect of those laws on gay and lesbian couples. There has already been much discussion of what these cases mean for those couples, and there will certainly be much more to [...]

2016-12-22T06:23:53-05:00June 28th, 2013|News, Newsletters, Same Sex Estate Planning|

Should I Use a Will or a Revocable Living Trust? Separating Facts From Fiction

You (or someone you know) may have heard that a Revocable Living Trust (often referred to simply as a “Living Trust”) is necessary for everyone.  Revocable Living Trusts are often said to provide income tax or estate tax benefits, to ensure that one’s assets won’t be tied up in prolonged and expensive court  probate proceedings [...]