Family Considerations Planning in Washington DC. Couple going over home finances with a newborn

Who Should Purchase Long-Term Care Insurance?

Clifford M. Cohen January 26, 2021 No Comments

Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your…

What Is Critical Illness Insurance and Is It Worth Buying?

Clifford M. Cohen January 26, 2021 No Comments

Many employers offer critical illness insurance as part of their benefit package. What is this insurance and is it worth purchasing? Before paying for a plan, you should read the…

Five Reasons to Have a Will

Clifford M. Cohen January 8, 2021 No Comments

Your will is a legally-binding statement directing who will receive your property at your death. Why should you have a will? Here are some reasons.

Using Life Insurance as Part of Your Estate Plan

Clifford M. Cohen January 8, 2021 No Comments

Life insurance can play a few key roles in an estate plan, depending on your age and situation in life.

How to Create an Estate Plan That Includes Your Pet

Clifford M. Cohen January 8, 2021 No Comments

Pets are members of the family, so it is important to consider how to provide for them in your estate plan just as you would the human family members.

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Credit Shelter Trusts Aren’t Just for the Super Wealthy

Clifford M. Cohen January 8, 2021 No Comments

Credit shelter trusts are a way to take full advantage of state and federal estate tax exemptions. Although such trusts may appear needless unless you are a multi-millionaire, there are…

Medicaid Qualifications for Non-Citizens Who are Permanent Residents of the U.S.

Clifford M. Cohen December 17, 2020 No Comments

Revocable trusts are a very popular and useful estate planning tool. But the trust will be ineffective if you do not actually place your assets in the trust.

D.C. Estate Tax Exemption Reduces Significantly in 2021

Clifford M. Cohen December 10, 2020 No Comments

As we enter the giving season, there is an additional reason to be charitable. Congress enacted a special provision that allows more people to easily deduct up to $300 in…

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Paying Taxes When Selling an Inherited Vacation House

Clifford M. Cohen December 3, 2020 No Comments

While it may seem great to inherit a vacation house, in actuality it may not be practical to keep the property, especially for tax reasons.

older man and woman looking at document handing to them by attorney

Watch Out for These Potential Problems with Life Estates

Clifford M. Cohen December 3, 2020 No Comments

Life estates can be an excellent tool for Medicaid planning, probate avoidance and tax efficiency, but there are potential problems to look out for.

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