Tag Archives: law firm

A Measured Approach to Selecting the Right Trustee

A trust is often only as good as the person selected to manage it. It may a daunting process, but selecting the right trustee and having fail-safes in place are crucial to ensuring the complexities of a trust are handled appropriately. Here are some of the pros and cons of choosing different trustees. Advantages of […]
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What Are the Main Reasons People Create Trusts?

People create trusts for various reasons. The main reasons are to: Avoid probate; or Pay less in federal and/or state estate taxes. This article will discuss the uses of trusts in estate planning and whether they are right for you. Avoiding Probate People who desire to avoid probate usually want to do so because they: […]
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Estate Planning Concerns for Couples Without Children

If you don’t have children, you may think it is not that important to engage in estate planning. In fact, it may be more important. There are hidden concerns for couples without children. In many scenarios, your assets may pass to an individual or individuals you would never want to receive them. A typical example of a married […]
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Stepchildren, Adopted Children and Natural Children: Who Inherits?

With the different variations of families in today’s modern world, complications can arise as to who has the legal right to inherit assets. In some cases, an adult child will come to a lawyer’s office after a parent has died to discuss the distribution of the estate — only to find out that he or […]
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Seven Non-Tax Reasons to Create a Trust

Using trusts as an estate planning tool is often done to achieve tax savings. By setting up certain types of trusts, a high-net-worth individual can avoid exposure to estate taxes levied by the federal and state governments. While this is an important consideration if your estate is likely to be liable for death taxes, there […]
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Inheriting Guns in New York State

In 2013, the New York State Legislature passed the New York Secure Ammunition and Firearms Enforcement Act, commonly known as the NY SAFE Act, which contains several firearms regulations. Some of these provisions directly impact probate proceedings. When a firearms owner passes away, the Executor or Administrator of the decedent’s estate may legally possess the […]
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Free Estate & Medicaid Planning Seminars

Upcoming Seminars The Herzog Law Firm offers free Estate & Medicaid Planning seminars in Albany County, Saratoga County, Rensselaer County, Schenectady County, Warren County and Ulster County. Unsure if your assets are protected? Are you considering applying for Medicaid? Whether you’ve already begun or are just starting to research estate planning, the Herzog Law Firm offers […]
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Welcome to the Herzog Herald!

Staying connected to clients and the community has always been a priority at the Herzog Law Firm. Two years ago, we launched our monthly newsletter to share news and tips with our clients. Now, as the second anniversary is upon us, we are launching the Herzog Herald as a blog companion to our monthly newsletter. […]
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Help Support Our Making Strides Against Breast Cancer Team

Making Strides of Albany Sunday, October 18, 2015 @ Noon Washington Park Parade Grounds Once again, the Herzog Law Firm will be participating in the Making Strides Against Breast Cancer Walk on October 18, 2015. Breast cancer is awareness is a cause near and dear to the firm’s heart. The American Cancer Society’s Making Strides […]
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