Estate Planning Archives - Milvidskiy Law Group P.C.
We’re Open! In-office appointments, virtual meetings, contactless experience.
10 09, 2021

How to Use Intrafamily Loans as Part of Your Estate Plan

2021-09-10T13:31:04-04:00September 10th, 2021|

When interest rates are low, intrafamily loans can be a good way to assist a relative (typically a child) with purchasing a house or a family business, and in certain circumstances they can be used to gift money to the [...]

3 09, 2021

Online Survey Helps Older Adults Assess Their Financial Vulnerability

2021-09-03T09:20:34-04:00September 3rd, 2021|

All older Americans are vulnerable to financial abuse, but there are certain circumstances that make someone more likely to be scammed. An online survey can help older adults (or their caregivers) assess their risk of being exploited based on how they [...]

16 08, 2021

Preserving the Family Vacation Home for Generations to Come

2021-08-16T10:52:51-04:00August 16th, 2021|

Summer is winding down and if you are one of the lucky ones, you got to spend some time at a family vacation home. How do you make sure your children and grandchildren can enjoy that second home as much [...]

13 08, 2021

New Tax Proposals Mean You Should Review Your Estate Plan

2021-08-13T13:22:48-04:00August 13th, 2021|

As we have written previously, number of tax proposals being considered in Congress that could significantly affect gifting and estate plans. There are planning strategies to help protect your estate from future tax changes, so now is a good time to [...]

9 08, 2021

6 Things to Ask Before Agreeing to Be a Trustee

2021-08-09T10:38:43-04:00August 9th, 2021|

Being asked to serve as the trustee of the trust of a family member is a great honor. It means that the family member trusts your judgment and is willing to put the welfare of the beneficiary or beneficiaries in [...]

6 08, 2021

Can a Marriage Be Annulled After One Spouse’s Death?

2021-08-06T09:03:00-04:00August 6th, 2021|

Marriage is supposed to be “until death do us part,” but after one spouse dies, is it possible for a court to declare a marriage invalid (annulled)? It can be happen, as a Nebraska widower recently learned, but only in certain [...]

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.   [...]

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 [...]

28 06, 2021

Passing Assets to Grandchildren Through a Generation-Skipping Trust

2021-06-28T10:56:29-04:00June 28th, 2021|

Passing assets to your grandchildren can be a great way to ensure their future is provided for, and a generation-skipping trust can help you accomplish this goal while reducing estate taxes and also providing for your children.   A generation-skipping [...]