July 2021 - Milvidskiy Law Group P.C.
We’re Open! In-office appointments, virtual meetings, contactless experience.
26 07, 2021

Using a Minority Valuation Discount to Reduce Estate Taxes

2021-07-25T11:20:08-04:00July 26th, 2021|

While the current estate tax exemption is quite high, a closely held family business may put your estate over the limit. Careful planning is necessary to lower or completely avoid the tax, and minority valuation discounts are one strategy. Families [...]

23 07, 2021

Be Careful Not to Name Minors as Your Beneficiaries

2021-07-23T08:30:00-04:00July 23rd, 2021|

Most people want to pass their assets to their children or grandchildren, but naming a minor as a beneficiary can have unintended consequences. It is important to make a plan that doesn’t involve leaving assets directly to a minor.   [...]

19 07, 2021

You May Be Overestimating Your Social Security Benefits

2021-07-19T10:54:23-04:00July 19th, 2021|

Studies have found that workers overestimate how much they will receive in Social Security benefits when they retire. Having a good understanding of the realities can help you plan for retirement.  Researchers from the University of Michigan studied the expectations of [...]

5 07, 2021

Why Everyone Should Have an Estate Plan

2021-07-05T08:21:44-04:00July 5th, 2021|

Do you have a will? A durable power of attorney? A health care proxy? If so, no reason to read on. If not, why not? Failure to create an estate plan risks causing discord in your family for generations to [...]

2 07, 2021

The Need for Medicaid Planning

2021-07-02T09:13:34-04:00July 2nd, 2021|

One of the greatest fears of older Americans is that they may end up in a nursing home. This not only means a great loss of personal autonomy, but also a tremendous financial price. Careful planning can help ease the [...]