Estate Planning Challenges Faced by Non-Citizen US Residents
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, however, and have a green card, you will undoubtedly be considered domiciled in the US. But does that mean that you are treated the same as...
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Is a Reverse Mortgage the Right Choice for an Elderly Homeowner?
Estate Planning and Elder Law Attorneys are often asked by clients whether a reverse mortgage is the right choice for them. The answer of course is that it depends on the circumstances. Are you over the age of 62? Do you have substantial equity in your home but limited...
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Why Reviewing your Estate and Financial Documents Must Be a Regular Occurrence
I applaud those of you who have taken the time to do an estate plan and protect your assets for yourself and your children. But is it enough to simply place those documents in a safe deposit box at a bank or fireproof safe (“Security Box”) within your home...
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Blended Families | Clifford M. Cohen
Now that the estate tax exemption has been stabilized at $5,000,000 and a husband and wife can actually give up to $10,000,000 at death (plus an indexed amount tied to inflation), to their loved ones, tax free, many people believe that estate planning is no longer necessary. This of...
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