Let’s Start Planning Your Future Today
Whether you need to create a simple Will, protect your assets, or plan for your business, our team is here to help.
Schedule Your Free Consulation06
Mar
What Does “Devise” Mean in an Estate Plan?
When creating an estate plan, you may encounter unfamiliar terms that can be confusing. Adding to the confusion, some of these terms may sound the same but have different meanings and spellings. For instance, “heir” refers to someone who receives money or property through a will...
View MoreCategories: Estate Planning Trusts
06
Mar
What Not to Include in Your Estate Planning Documents
One important purpose of estate planning is to facilitate the transfer of ownership of your money and property to your family and loved ones when you pass away. For this transfer to be as stress-free and efficient as possible, it is crucial that estate planning documents be thoro...
View MoreCategories: Estate Planning Trusts
06
Mar
Home Security Systems and Estate Planning
Are You Protected from Property Crime? Did you know that property crimes are the leading type of crime in the United States? Every year, around 2. 5 million homes are burglarized. A break-in occurs every twenty-six seconds, and a burglary occurs every fifteen seconds. Yet few...
View MoreCategory: Estate Planning
06
Mar
Are You Single with a Minor Child? If So, You Need a Plan
You have a minor child who depends on you for their survival, so you need to make sure that they will be cared for if you are ever unable to care for them. By creating an estate plan, you can address your minor child’s care and custody and provide instructions about how your mone...
View MoreCategory: Estate Planning
06
Mar
Secure Act 2.0—Boon to Charitable Gifting?
Congress recently passed the Secure 2. 0 Act of 2022 (the “Act”); it became law on December 22, 2022. The Act is designed to encourage retirement saving and really has very little practical effect on estate planning in general, but it does contain some advantages to those who are...
View MoreCategories: Charitable Planning Ira Distribution Planning Trusts
06
Mar
Important Things to Do As You Begin 2023
January is National Mentoring Month: Three Creative Ways to Use the Estate Planning Process to Be a Mentor From Iron Man and Spiderman to the relationship between Hopper and Elle in Stranger Things, the value and importance of mentor relationships is everywhere we look. And this...
View MoreCategories: Estate Planning Trusts
06
Mar
2022 Year End Letter from Strauss Attorneys
We are coming to the end of another year! It has been, yet again, a roller-coaster of a ride. This year marked the apparent end of Covid, as well as The Godfather’s fiftieth anniversary. And, of course, we all are feeling the pinch of rising inflation rates. For estate planners...
View MoreCategories: Elder Law Estate Planning Firm Legal Advice Taxation
06
Mar
Decanting: A Powerful Tool for Disgruntled Trust Beneficiaries
“I’m the beneficiary of several trusts and I would love to be able to combine them into a single trust. ” “The trustee of my trust and I are not getting along. We’d like to go our separate ways, but the trust doesn’t provide enough flexibility in appointing a new trustee. ” “The i...
View MoreCategory: Trusts
06
Mar
Basics of Social Security Retirement Benefits
Social Security provides a foundation for long-term financial support for almost every American. Most of us will depend on Social Security to live on during our later years. These years cost money, and if we are not working during our later years, then we can count on Social Secu...
View MoreCategory: Estate Planning
06
Mar
New IRS “Clawback” Regulations Have Limited Applicability to Gift Transactions
The Tax Cut and Jobs Act of 2017 (TCJA) doubled the exemption amount available during lifetime or at death from $5 million to $10 million, inflation adjusted, until January 1, 2026. The 2022 exemption amount is $12. 06 million and will decline under current law, subject to further...
View More
