by Jiah Kim | Apr 12, 2022 | Estate Planning |
At some point, around 70% of people who are 65 years or older will need home care support or long-term care and receive care for an average of three years. People should plan early for their home care support based on this fact. Unfortunately, most people cannot cover...
by Jiah Kim | Jul 1, 2020 | Estate Planning |
Eight things you should know to ensure your New York Power of Attorney works when you need it Many clients come to our office wanting to create a will or a trust to take care of their financial affairs when they pass away. It is my job to remind them that an estate...
by Jiah Kim | Jan 7, 2018 | Estate Planning |
When preparing an estate plan, there are a variety of reasons to consider using a trust (or multiple trusts) to distribute your assets after your death. Trusts offer certainty that your final wishes will be carried out as you intend, they offer the flexibility to...
by Jiah Kim | Dec 6, 2017 | Estate Planning |
When going through the estate planning process, there is no shortage of options when it comes to ways to preserve your wealth for future generations. But, while the list of options may seem endless, certain options are better than others in certain circumstances, and...
by Jiah Kim | Nov 24, 2017 | Estate Planning |
When you prepare an estate plan, you make decisions about the future based on the information that you currently have available. As time goes on and circumstances change, you may find that your estate plan has become outdated. This is normal, and it is not...
by Jiah Kim | Nov 10, 2017 | Estate Planning |
As a general rule, disposing of an asset that has appreciated in value triggers a tax obligation to the Internal Revenue Service (IRS). If you have held the asset for less than a year, you will owe ordinary income tax; if you have held it for a year or longer, you...
