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 As time goes on and circumstances change, you may find that your estate plan has become outdated.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...
by Jiah Kim | Oct 29, 2017 | Estate Planning |
When you go through a divorce, dealing with the legal and financial hurdles can seem like a never-ending process. Even if your split was amicable, the process almost certainly took time, and you probably spent a significant amount of time in the office or on the phone...
