Estate planning lawyer explaining a legal document to his client

The $250,000/$500,000 Home Sale Tax Exclusion

Clifford M. Cohen May 4, 2021 No Comments

If you own your home and are thinking of selling, it can be important to understand the home sale tax exclusion so you can maximize your tax benefits. Did you…

Three Reasons Why You Should Have A Pet Trust In Your Estate Plan

Clifford M. Cohen April 23, 2021 No Comments

For many people, pets are like members of the family. Perhaps you have wondered what will become of your beloved companion if you become incapacitated and after you pass away?…

How Your Estate Is Taxed, or Not

Clifford M. Cohen March 12, 2021 No Comments

Congress sets the amount that an individual can transfer tax-free either during life or at death. The current estate tax exemption is so high that very few estates will have…

Last Will and Testament, pen and gavel on wooden table, closeup

What You Can’t Do With a Will

Clifford M. Cohen March 12, 2021 No Comments

While a will is one of the most important estate planning documents you can have, there are things that it won’t cover. A will is just one part of a comprehensive…

Married Couples Need an Estate Plan

Clifford M. Cohen February 1, 2021 No Comments

Don’t assume your estate will automatically go to your spouse when you die. If you don’t have an estate plan, your spouse may have to share your estate with other…

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

Moving to a New State? Be Sure to Update Your Estate Plan

Clifford M. Cohen February 1, 2021 No Comments

While legally you may not need all-new estate planning documents if you move to a different state, you should have your documents reviewed by a local attorney in your new…

Biden Administration May Spell Changes to Estate Tax and Stepped-Up Basis Rule

Clifford M. Cohen February 1, 2021 No Comments

While it remains unclear exactly what tax changes President Biden’s administration will usher in, two possibilities are that he will propose lowering the estate tax exemption and eliminating the stepped-up…

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.

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.

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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…

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