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Estate Tax for Beginners: An Easy to Read Guide to Estate Taxes

Many politicians use the words “death tax” to refer to a tax on your estate. This tax is the tax you pay to transfer your estate to your heirs upon your death. It’s a highly contested political issue many Americans don’t completely understand.  So, will you have to pay estate taxes? If so, how much? What does it mean for your heirs? Navigating the complexities of estate taxes can be daunting, but with the guidance

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Living Trust vs. Will: What’s the Difference? Which Is Right for You?

Facing the reality of death or incapacitation may be challenging, but it’s essential to have these conversations, especially if you have young children or a non-traditional family structure. Ensuring your wishes are respected and your loved ones are protected is where estate planning comes into play. Both a will and a living trust can help you manage your estate and medical concerns in case you’re no longer able to do so yourself. But how do

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10 Frequently Asked Questions about Setting Up a Will

For most of us, planning for what happens to our possessions after we leave this earth is not a top priority. At least this would be the impression you might take away from the fact that 6 in 10 American adults have never taken the time to create a will or living trust.  This is frustrating; even a little bit of forethought from us on what will happen to our assets will save our heirs

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What Is a Living Will and How Does It Work?

Wills are important tools that can help you ensure that your wishes are honored when you pass away. There are several types of wills that can be used for different purposes. Many people understand that wills are used to transfer assets to beneficiaries. However, in many cases, in addition to passing assets to loved ones, a will can have other, additional advantages. Speaking to an experienced Brooklyn wills attorney can help you understand these advantages.

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How Does Inheritance Work?

Taxes are a part of life and if you live in New York and own a taxable estate, you’ll need to know the New York estate tax rules. Taxes are also a part of death. And frustratingly, if we’re not careful in life, we can pass them on to our loved ones in death through inheritance taxes. Inheritance taxes must be paid for all gifts received as part of an inheritance or trust. The amount

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Estate Planning Protects Against Elder Abuse

Your retirement years, ideally, should be spent free of concern about your financial health or potential threats against your assets. Elder abuse is a particularly difficult problem for seniors who have worked hard and created a relatively comfortable nest egg. Many are vulnerable to fraud and other financial abuse at the hands of those intended to protect the very assets they often pilfer. Estate planning helps to protect seniors against such elder abuse. Protect your

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5 Estate Planning Tips You’ve Probably Never Heard of (But Need to Know)

Planning for death or incapacitation is something everybody needs to do. The fact of the matter is that if you don’t have a plan in place, you’ll leave your loved ones with the task of trying to pick up the pieces. Unfortunately, many people think that when it comes to estate planning, all you need to do is write out a will and buy some life insurance. But, there’s much more you may need to

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New York Times Story Reveals Shocking Practice at Nursing Homes

Hello All, I wanted to share this story that deeply resonated with our team today from The New York Times Daily Podcast. The Times has uncovered widespread evidence of false diagnoses of schizophrenia in nursing homes in order to allow for wider use of antipsychotic medications. This is highly concerning news for anyone with elder loved ones in nursing care, and as Elder Law advocates, we strongly advise our clients to be aware of this.

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THE NEW NORMAL: HOW TO TAKE BACK CONTROL

Hello all: What an eventful two weeks it has been. Many of us are now working remotely, trying to homeschool kids, or dealing with the social, emotional and financial difficulties created by our new virtual way of life. Some of you are providing healthcare and other essential services, and we are grateful for the work you do. HOW TO TAKE BACK CONTROLOn Sunday, the Governor talked about feeling out of control and what we can

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New Website

We are so excited to welcome you to the new website for Yana Feldman & Associates, PLLC. This past weekend our office was a sponsor of the annual Israel Day Festival at the Kings Bay Y. Along with Assemblyman Steven Cymbrowitz, representatives of the Jewish Agency for Israel and many community members, Yana and her family celebrated enjoyed the fun games, music, dancing and food. A number of young families signed up to attend a

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