What Immediate Actions Must Be Taken Right After Someone Dies?

When a loved one dies, family members are not only in mourning — they may be in a state of uncertainty about what to do next. While everyone is respectful to the loss of the loved one, tension can arise over who must take responsibility for arrangements and costs. Confusion often arises. In the weeks […]
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Revocable Living Trusts

One of the most popular estate planning tools is a Revocable Living Trust. The main reason for its popularity is that it allows you to pass most assets to your heirs without going through probate — a court process that is expensive, time consuming and open to public scrutiny. A living trust also provides for the management and […]
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Business Succession Planning: Don’t Make Excuses, Make Plans

by Brittiny B. Razzano Originally published in the Saratoga Business Journal. Excuse Number 1: Too Busy  As a successful business owner, you may have your hand in the day-to-day operations and management of your business.  It seems like there is never enough time to sit down and formulate a plan for your business when you […]
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Important Tax Figures for 2016

The following table provides some important federal tax information for 2016, as compared with 2015. Many of the dollar amounts are unchanged or have changed only slightly due to low inflation. Other amounts are changing due to legislation.  

Living Wills and Health Care Proxies: The Terri Schiavo Case

The Terri Schiavo case is a landmark case that was on everyone’s minds. The bitter battle between her family and her husband lasted a decade and a half after Terri suddenly collapsed in 1990. However, her story has had an enormous impact on American consciousness, demonstrating the importance of having a living will and health care […]
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Seven Reasons to Update a Will

A will is an essential part of planning for the future. But don’t think creating a will is a one-time proposition. Even if you have a valid document, it may need to be updated for a variety of reasons. For example: Deaths – If individuals named (as heirs or executors) have died or they become […]
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TV Lessons in Estate Planning: Beverly Hills, 90210

by David A. Kubikian Season 2, Episode 3 Background: Beverly Hills, 90210 made its television debut on October 4, 1990 on Fox and had an initial run of 10 years. The teenage soap opera revolved around a group of friends attending the posh West Beverly Hills High School and then followed them through the trials […]
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TV Lessons in Estate Planning: Family Ties

by David A. Kubikian Season 2, Episode 2 Background: Family Ties is a sitcom that first aired on NBC on September 22, 1982. The series, which ended in 1989, revolves around the Keaton family living in Columbus, Ohio in basically real time (during the Reagan Administration). The Family Tree: Steven and Elyse are parents to […]
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TV Lessons in Estate Planning: Family Guy

by David A. Kubikian Season 2, Episode 1 Background: Family Guy is an animated sitcom that first aired on Fox on January 21, 1999. The series, which was cancelled in 2003 only to be revived a few years later, revolves around the Griffin family in the fictitious New England town of Quahog, a suburb of […]
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Caring for Aging Parents

As life expectancies continue to increase, it becomes much more likely that you will need to financially help an aging parent. If you find yourself in that situation, review the tax laws to determine whether you can obtain some tax relief. The key is to determine whether you can deduct your parent as a dependent, […]
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