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Legacy Planning: The Ultimate Gift

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What Happens When Inheritances are Unequal?

Robert, the older brother, and Lon, the younger one, were close as they were growing up in the Queens borough of New York City. However, when their mother passed away and left the bulk of her estate to Robert, Lon was devastated.
11/17/22 • by: Law Office of Michelle Adams
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Should I Keep Beneficiary Designations Up to Date?

Here’s a simple financial question: who is the beneficiary of your IRA? How about your 401(k) or annuity?
11/17/22 • by: Law Office of Michelle Adams
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Estate Planning for Different Ages and Stages of Life

An estate plan works like the operating system on your phone or computer. It runs in the background. However, it needs occasional updates to keep the plan current.
11/17/22 • by: Law Office of Michelle Adams
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Can Loved One’s Funeral Expenses Be Deducted?

The ability to deduct funeral expenses on your tax returns depends on who paid for the funeral expenses.
11/17/22 • by: Law Office of Michelle Adams
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What Does New Research Tell Us About Muhammad Ali’s Parkinson's Disease?

Muhammad Ali had idiopathic Parkinson's disease that emerged at an early age, according to new evidence from physicians who repeatedly evaluated the fighter over 20 years.
11/17/22 • by: Law Office of Michelle Adams
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There are Ways to Transfer Home to Your Children

Transferring a home to adult children is not quite as easy as giving them the keys and letting them move in. No matter how you do it, the taxman wants his cut, whether through estate and gift taxes or those for property and income, both federal and state.
11/17/22 • by: Law Office of Michelle Adams
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Is Your Spouse Automatically Your Beneficiary?

If the surviving spouse is a second or subsequent spouse and did not have any children with the decedent, the surviving spouse takes even less.
11/17/22 • by: Law Office of Michelle Adams
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What Is the Purpose of a Guardian?

Few will argue that the most important time to have a will is when you are parents of young children.
11/17/22 • by: Law Office of Michelle Adams
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How Did Olivia Newton-John Plan Her Estate?

Olivia Newton-John would have celebrated her 74th birthday on September 26. The Cambridge-born star earned millions for her efforts in music and entertainment, and a staggering final act of charity saw Newton-John’s family splitting their inheritance with her charities.
11/02/22 • by: Law Office of Michelle Adams
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Should I List Beneficiaries on my Life Insurance?

Here are three smart moves to make when picking (or adjusting) your life insurance beneficiaries.
11/02/22 • by: Law Office of Michelle Adams
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