End-of-Life Care Decision Making

Clifford M. Cohen December 3, 2020 No Comments

Just as we create estate plans for our eventual demise, we also need to plan ahead for the possibility that we will become sick and unable to make our own…

Special Tax Deduction for 2020 Allows Donations of $300 to Charity Without Itemizing

Clifford M. Cohen December 3, 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…

Do You Pay Capital Gains Taxes on Property You Inherit?

Clifford M. Cohen November 11, 2020 No Comments

When you inherit property, such as a house or stocks, the property is usually worth more than it was when the original owner purchased it.

Advanced Directives and Estate Planning Senior man examining last will and testament

Don’t Forget to Fund Your Revocable Trust

Clifford M. Cohen November 11, 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.

The Hazards of Do-it-Yourself Estate Planning

Clifford M. Cohen November 11, 2020 No Comments

Many websites offer customized, do-it-yourself wills and other estate planning documents. Although these products are convenient, using them could create serious and expensive legal problems for heirs.

Experienced business woman working in her home office, with her laptop and a work journal on the table. Mature woman staying focused and productive, even in the comfort of her own home.

Gifts to Grandchildren: What Do UGMA and UTMA Have to Do With Grandma?

Clifford M. Cohen November 11, 2020 No Comments

The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) are sometimes called the “granddaddies” of college savings accounts.

How to Divide Up Personal Possessions Without Dividing the Family

Clifford M. Cohen October 7, 2020 No Comments

Allocating your personal possessions can be one of the most difficult tasks when creating an estate plan. To avoid family feuds after you are gone, it is important to have…

Understanding the Common Types of Trusts

Clifford M. Cohen October 7, 2020 No Comments

There are a number of different kinds of trusts, but they fall into two basic categories: testamentary and inter vivos.

Single? You Still Need an Estate Plan

Clifford M. Cohen October 7, 2020 No Comments

Many people incorrectly believe that if they are single, they don't need a will or other estate planning documents.

Will Electronic Wills Be the New Normal?

Clifford M. Cohen October 7, 2020 No Comments

More and more transactions are done digitally, but estate planning has lagged behind technology. That may be changing, though. Even before the coronavirus pandemic made social distancing necessary, electronic wills…

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