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How to Avoid Problems as a Trustee

Clifford M. Cohen June 3, 2020 No Comments

Being a trustee is a big responsibility and if you don't perform your duties properly, you could be personally liable. That's why it's important to hire the right people to guide…

Coronavirus Relief Funds Paid to Deceased Americans Must Be Returned

Clifford M. Cohen June 3, 2020 No Comments

In the wake of the coronavirus pandemic, some 150 million Americans received economic relief payments, including potentially millions of deceased individuals. After weeks of silence, the IRS has finally explained what to…

Pandemic Relief: Retirement Account Owners Do Not Have to Take Required Distributions in 2020

Clifford M. Cohen June 3, 2020 No Comments

Retirement account owners, many of whose retirement balances have been pummeled by a stock market drop due to the coronavirus pandemic, do not have to take mandatory withdrawals this year.

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Prenuptial Agreements Can Be an Estate Planning Tool

Clifford M. Cohen June 3, 2020 No Comments

As more and more people marry more than once, prenuptial agreements have become an important estate planning tool. Without a prenuptial agreement, your new spouse may be able to invalidate…

The Ongoing Debate Over Death with Dignity

Clifford M. Cohen August 22, 2019 No Comments

According to a 2017 Gallup poll, 73% of Americans support laws allowing patients to seek the assistance of a physician in ending their life. Another Gallup poll, conducted in 2018,…

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Does your Estate Plan Cover Incapacity During lifetime?

Clifford M. Cohen August 31, 2017 No Comments

Most of us think that we have created a comprehensive estate plan if our plan covers all occurrences that may arise after our death. Unfortunately, this is a dangerous mistake.…

Estate Planning Deficiences of “I Love You” Wills

Clifford M. Cohen June 7, 2017 No Comments

No aspect of estate planning brings out as much emotional decision-making as the division of assets. Many people think, “I love you”, so I will leave you everything. In order…

Couple discussing Maryland Estate Tax documents

Estate Planning and Asset Protection for Retirement Accounts

Clifford M. Cohen April 25, 2017 No Comments

For many estate planning clients, their retirement account represents the majority of their wealth. Typically these accounts are held in “tax qualified plans” such as a 401(k), or an IRA. Because they are…

Estate Planning Challenges Faced by Non-Citizen US Residents

Clifford M. Cohen April 18, 2017 No Comments

Generally, if you are domiciled in the United States (US) at death, your estate is subject to US estate taxes. The determination of domicile is subjective. If you are a permanent resident,…

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