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On Behalf of Cushing & Dolan, P.C. | Jun 9, 2015 | Wills
Most people focus heavily on their retirement accounts, investment funds, life insurance policies and real property when planning their estate, paying little attention to personal property such as family heirlooms, jewelry, art and collections. However, personal...
On Behalf of Cushing & Dolan, P.C. | Jun 2, 2015 | Powers Of Attorney
When it comes to your estate plan, it’s important to make sure that your spouse is up to speed. That’s because, as this article from MainStreet points out, your spouse can help make sure that your wishes are met when you die, and vice versa. After all, few...
On Behalf of Cushing & Dolan, P.C. | May 27, 2015 | Trusts
With no way of knowing what the future holds, there is no way of knowing how much retirement is “enough.” Many people without pensions or 401(k) accounts decide to put away as much as possible in individual retirement accounts (IRAs) because they know that any...
On Behalf of Cushing & Dolan, P.C. | May 19, 2015 | Trusts
Thinking long-term is difficult for many people when it comes to estate planning, especially because of all of the uncertainties that the future presents. However, it is important for the very wealthy to think about future generations if they want to truly create a...
On Behalf of Cushing & Dolan, P.C. | May 11, 2015 | Powers Of Attorney
Today, the Wall Street Journal featured an important reminder on estate plans and digital assets. It discussed how many people fail to address digital assets in their estate plans and it can be very difficult to access these assets after a person has died. A financial...
On Behalf of Cushing & Dolan, P.C. | May 5, 2015 | Trusts
More than 70 percent of Americans over the age of 65 will end up needing long-term care services at some point in their lives, according to the U.S. Department of Health and Human Services. It’s difficult to imagine a point down the road where you or your spouse...
On Behalf of Cushing & Dolan, P.C. | Apr 28, 2015 | Wills
If you are like most parents, you probably plan to leave a fair share of assets to each of your children when you pass. But it might be more complicated than just dividing your assets equally among your kids, because fair doesn’t always mean equal when it...
On Behalf of Cushing & Dolan, P.C. | Apr 27, 2015 | Wills
The fact that the heirs of the late Robin Williams are now battling over their inheritances in court is no laughing matter. As the Hartford Courant pointed out in a recent article, while Williams’ estate plan was tax efficient, it may have been lacking in other areas....
On Behalf of Cushing & Dolan, P.C. | Apr 14, 2015 | Estate Taxes
Since tomorrow is April 15, we wanted to write about a topic that everyone loves to hate: taxes. When it comes to estate planning, avoiding estate and gift taxes are two of the biggest goals for many of our clients. First, let's define what estate and gift taxes are:...
On Behalf of Cushing & Dolan, P.C. | Apr 9, 2015 | Wills
While most baby boomers are eager to make sure their retirement plans are in order, USA TODAY recently reported that too few are accounting for an estate plan, which can result in stress and conflict for surviving family members. A New York-based wealth adviser told...
