New York's Asset Protection Roundtable

We have some excellent listener questions lined up for this week's conversation. Derek asks if it's ever a good idea to leave an inheritance to a stepchild. Vincent asks how he can provide financial support to his son, who struggles with addiction, while ensuring his money is managed responsibly. You never know what you might learn from a mailbag episode, so tune in as Ted tackles these real-life scenarios with thoughtful advice!

Contact:
718-233-2903
Website: https://www.alatsaslawfirm.com/

Over a lifetime, people can accumulate a lot of “stuff." This can multiply as families have children and later inherit from parents or grandparents who pass away. While many accounts and assets have a rather “straightforward” process to pass on, some unique, rare, collectible, and/or expensive personal effects require more care in handling. In this episode, we’ll walk through exactly what you need to consider.

Contact:
718-233-2903
Website: https://www.alatsaslawfirm.com/

We've got a mailbag episode for you today! In this edition, Jasper asks why his parents might not have kept their original will, how he can locate it, and what happens if the original cannot be found. Nora asks how to prevent potential conflicts among her children over inheriting and maintaining the family lake house after she and her spouse pass away. Join us as Ted answers these questions and more!

Contact:
718-233-2903
Website: https://www.alatsaslawfirm.com/

Once estate planning documents are signed, it is important to keep them both safe AND accessible.  Many people do not consider the importance of where to store your documents after they are prepared.  One option that some people use is allowing their attorney to store the original documents at their office. Let’s explore the pros and cons of entrusting your lawyer with the original copies.

Contact:
718-233-2903
Website: https://www.alatsaslawfirm.com/

Tune in for this week's mailbag episode, as Isabel asks whether she and her husband should involve their children in the estate planning process. Later, another listener asks how they can protect their estate to ensure there's something left for their children after they're gone. Plus, Ted breaks down the concept of joint tenancy and its benefits!

Contact:
718-233-2903
Website: https://www.alatsaslawfirm.com/

Many people automatically think of how to handle or “plan” for their assets when estate planning comes to mind. However, the inheritance of someone’s assets is only one piece of the puzzle. This is why someone asking, “how much money do I need to have before I create an estate plan?” is always the wrong question. On this episode, let’s cover several estate planning goals that have nothing to do with someone’s assets.

Contact:
718-233-2903
Website: https://www.alatsaslawfirm.com/

It's a mailbag edition of the show today! This week, Cole asks how to manage their estate plan given that the life insurance payout, in the event of their death, would be significantly larger than their current assets. Vivian asks whether it's a red flag that their attorney's office manages investments, life insurance, and taxes in addition to legal services. 

Contact:
718-233-2903
Website: https://www.alatsaslawfirm.com/

Many couples automatically assume that, after one spouse passes away, the survivor will retain control of everything. Certainly, that is the “default." However, many factors can complicate matters. Issues of trust, control, blended families, and separate finances mean it’s important to understand all your options before deciding on the best plan.

Contact:
718-233-2903
Website: https://www.alatsaslawfirm.com/

It's a mailbag edition of the show! We've got some great estate planning questions lined up for today's episode. Wesley asks if there's a way to financially support their parents while also ensuring their children are provided for in case something were to happen to them and their partner. Fiona asks whether the government still imposes an estate tax. 

Contact:
718-233-2903
Website: https://www.alatsaslawfirm.com/

Real estate is often the most valuable asset in your family's portfolio. Deciding on how to pass this asset on can be a high-stakes game with both significant risks and rewards. Today we're going to zero in on real estate and estate planning and explore the best strategies for passing on your property legacy.

Contact:
718-233-2903
Website: https://www.alatsaslawfirm.com/