New York's Asset Protection Roundtable

We have a mailbag edition of the show for you today! We're tackling 3 great listener questions in this episode. Ethan asks for guidance on how to prevent his son's untrustworthy spouse from gaining control of the inheritance he wants to leave. Hannah asks about options to protect her granddaughter's inheritance from potential claims by student loan companies. Stay tuned to see what you can learn from these scenarios! 

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

After someone passes away, the executor or trustee takes on the responsibility of executing the wishes of the deceased individual and managing the estate. This role encompasses a range of duties including paying bills, settling debts, filing taxes, and possibly selling assets. When the time comes for beneficiaries to receive their inheritance, it may be tempting to swiftly utilize the funds. However, immediate usage or possession of the inheritance may expose it to various risks. Beneficiaries who receive an inheritance through a trust might have avenues to safeguard the money from existing or prospective issues.

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

Welcome back to New York's Asset Protection Roundtable! We will be opening up the mailbag to answer some listener questions in today's show. We'll kick off the episode with Ted talking about the most beautiful place he's ever visited before diving into your questions. This time around, Ted will talk about three different estate planning scenarios. Stay tuned to see what you can learn!

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

In today's episode, we delve into the complexities of leaving an inheritance. While the common approach is to divide it equally among children or grandchildren, is this always the best choice? Join us as we explore scenarios where an equal share might not be the ideal solution.

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

We're answering several listener questions on today's episode about planning for children, assigning a power of attorney who might be older than you are, and how to manage living at multiple properties in multiple states. We'll also tackle our "Legalese" word of the day: "Durable" Power of Attorney.

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

As you navigate life's ups and downs, your family changes, relocation, fluctuating finances, and even shifts in personal wishes, your estate plan should adapt accordingly. And with laws ever-changing, we emphasize the need to stay on top of legal modifications that may affect your estate planning. Join us as we unpack the reasons, the when, and the how of keeping your estate plan resilient through the rollercoaster ride of life.

Subcribe to New York's Asset Protection Roundtable on Apple Podcasts!

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

We're back with another mailbag episode today! Victoria asks what she can do with her expensive jewelry collection in the event that her children don't want the pieces after she passes. Mason asks if he will be able to leave an inheritance to his son in prison. Listen in to see what you learn from these questions and today's legalese of the day + learn about the best steak that Ted has ever had!

Subcribe to New York's Asset Protection Roundtable on Apple Podcasts!

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

In most circumstances, it is best to work with an estate planning attorney who is local and understands the laws of the state you live in. However, special consideration needs to be given to people who have a residence in multiple states and those who travel frequently. What if you set up your plan in your “home state” but something happens to you while you are living at your second home on the other side of the country? What if you travel for work and are always in a different place?

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

Welcome back to New York's Asset Protection Roundtable! We will be opening up the mailbag to answer some listener questions in today's show. We'll kick off the episode with a legalese of the day before diving into your questions. This time around Ted will discuss passing down assets if you get remarried, setting up an estate plan for a special needs child, and leaving money to an older beneficiary. 

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

In this episode, we shine a spotlight on one of the central figures of the estate planning equation – the beloved family home and other real estate assets. Discover the practical challenges involved in sharing these substantial assets among beneficiaries. We'll guide you through different scenarios and practical options to address this common dilemma. Get ready to unravel the complexities and gain insights into effectively managing real estate within estate planning.

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