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December 2013 Archives

End of the year estate tax planning considerations

Many New York residents work hard to earn a comfortable income and accrue assets. For many, smart investments throughout the years have allowed their personal wealth to grow at a healthy rate. As 2013 draws to a close, many of these individuals will assess their life and life goals. The end of the calendar year is also a great time to assess one's estate planning goals and take a second look at potential estate planning tax implications.

Tips on how to prevent fights over family heirlooms

Most people may think that the majority of estate disputes and will contests are waged over large amounts of assets and the division of real estate or property. In reality, the majority of disputes among surviving family members relate to who retains ownership of grandma's favorite picture or other treasured trinket.

Why it's wise to routinely review and update beneficiary designations

When it comes to estate planning, many people wrongly assume all they need is a last will and testament. In reality, however, estate planning is much more complex and failing to take note of this fact can have serious and unintentional implications.

Using a trust to incent favorable behavior

Growing up can be difficult and most children go through a rebellious period, particularly during their teenage years. It is during these formative years that parents aim to instill values in their children that will ultimately enable a child to make better choices and right a wayward path.

Gaining access to a deceased loved one's email often difficult

Many New York residents readily rely upon email to communicate about a variety of personal, professional and financial matters. Depending on the email provider and type of account, most email services require users to sign privacy agreements. Email providers also require users to select a secure password which must be used to access an email account.

Estate planning and planning for one's final arrangements

We've previously discussed in this blog, many important aspects of estate planning that require thought, attention and action. In some cases, however, an individual may fail to account for seemingly basic estate planning matters and details such as funeral arrangements. In some cases, this oversight can ignite a war between family members or other interested parties who may disagree over a loved one's final arrangements.

Using a trust to provide for a disabled loved one

According to recent statistics, an estimated 54 million Americans are living with a mental or physical disability that necessitates special care. In many cases, a family member ends up acting as a primary caregiver. Individuals with special needs often require medical attention and therapy as well as special equipment, all which can be costly. Add to this the fact that many individuals with special needs are unable to work and it's no wonder that finances are often an issue and concern.

Life events that necessitate estate planning changes

Change is a constant in life that cannot be stopped. As an individual ages, he or she is likely to experience and encounter many joys, sorrows and challenges that ultimately make for a full life. Changes in income, the birth of a child and marriage or divorce are all monumental events that can greatly impact an individual's responsibilities and financial status.

  • I wanted to write to say how pleased my wife and I were at your professional handling of our estate planning and preparation of new wills. We were put at ease by your visit to our home for an interview and were pleased that you listened to us and captured the things that we felt were important.

    --Robert and Christine Simonson, Fairport
  • In order to finalize the documents we came to your office and were greeted in a very professional manner and we could not have asked for finer service. We left with copies of everything we needed and feel very confident our needs have been met. Thanks again. We will surely recommend you should the opportunity arise.

    — Christine and Robert Simonson, Fairport
  • I have been working with Weinstein & Randisi for about two years now. Elizabeth Randisi, through a very thorough process, has helped my wife and me determine what is really important in our lives. Thus, we were able to draft a living will that reflected our most important values regarding our estate.

    --David and Ajia Cherry, Fairport
  • I would like to give a testimony for Elizabeth Randisi, an estate attorney with Weinstein & Randisi. Her knowledge of wills and estate planning was clearly demonstrated in her presentation to us. Realizing our need for a will, my husband and I went to see Elizabeth.

    --Kathy and Gary Gray, Webster
  • Filing for Medicaid is never an easy or fun process. However, working with the Weinstein & Randisi firm made the process simple and streamlined. We were able to obtain all files and records regarding Medicaid enrollment within a few days using specially prepared checklists and verbiage recommended by our assigned paralegal.

    --Ajia and David Cherry, Fairport
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    Family conflict often causes more problems than tax rules

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Rochester, NY 14625

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Phone: 585-310-1578
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