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Learn about the latest legal developments that could potentially impact your life, your family, and your business.
Decanting an Irrevocable Trust
Decanting an Irrevocable Trust
Trusts are one of the most commonly utilized tools in estate planning. A significant benefit of a trust is that it can last for many generations depending on how it is drafted. However, that can also be a downside. Sometimes, due to the evolution of laws and other...
How to Include Charitable Giving in Your Estate Planning
How to Include Charitable Giving in Your Estate Planning
Few people can match the $1 billion donation of Ruth Gottesman to the Albert Einstein School of Medicine endowing the school to be forever tuition-free. However, incorporating charitable giving into your estate planning offers considerable rewards even at...
A Gift for Tax Season: What You Need to Know About Gift Tax Returns
A Gift for Tax Season: What You Need to Know About Gift Tax Returns
Gift tax returns are filed with the IRS to report gifts that exceed the annual exemption amount. This amount changes every year. For 2023, the amount was $17,000 and it has increased to $18,000 for 2024. As with any tax return, it is important to understand your...
I Say, You Say, Hearsay: Is Your Evidence Admissible in Court?
I Say, You Say, Hearsay: Is Your Evidence Admissible in Court?
One of the most important and least understood legal concepts is the hearsay rule. It’s drilled into all law students, but even the general public has heard the term in a television or movie courtroom drama. The problem is that attorneys, judges, litigants, and...
5 Reasons to Use a Revocable Trust Instead of a Will
5 Reasons to Use a Revocable Trust Instead of a Will
1. Immediate Access to Funds Number one being immediate access to funds. Many people don't realize that with using a will to dispose of their assets, they have to probate the will, so the original will has to be found, submitted to the court. An executor has to be...
Are You Losing Money in a Lawsuit Because of Bad Math?
Are You Losing Money in a Lawsuit Because of Bad Math?
As children in school, most of us were taught to “check your math” before handing in an assignment. Good advice in class but in a lawsuit, you need to go further and consider whether the one checking the math is doing it correctly. Analyzing and calculating numbers...