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…

Using Your 529 Savings Plan as an Estate Planning Tool

Clifford M. Cohen September 24, 2020 No Comments

Were you aware that many parents use 529 savings plans as a way to let their child’s college funds grow tax-free? These plans, however, may not be just for…

Ways Leaving Money to a Charity Can Benefit Your Estate

Clifford M. Cohen September 23, 2020 No Comments

If a charitable cause is near to your heart, it may be likely that you will donate time and money during your lifetime. Giving while you are living also comes…

How Will the Coronavirus Pandemic Affect Social Security?

Clifford M. Cohen September 23, 2020 No Comments

The coronavirus pandemic is having a profound effect on the current U.S. economy, and it may have a detrimental effect on Social Security’s long-term financial situation.

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