Category Archives: Estate Planning
National Estate Planning Awareness Week: Having a Conversation with Your Family About Their Estate Plan
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, 56 percent of adults in the United States have not prepared any estate planning documents, such as… Read More »
What You Need To Know To Retire
Co-Managing Partner, Lance G. Einstein, recently contributed to an Atlanta Jewish Times article that provides important advice on preparing yourself for retirement. Click below to read the article. https://www.atlantajewishtimes.com/what-you-need-to-know-to-retire/
Another Month, Another Round Of Tax Proposals
Last month, we outlined some of the potential tax law changes circulating Washington D.C. after the recent shift of power in the White House and Senate. Since that update, there have been a couple of additional proposals that give more insight into the potential direction of tax legislation this year. Last time, we told… Read More »
Charitable Giving Provisions of the CARES Act
We have previously discussed the Paycheck Protection Program, and plenty of other commentary has focused on the 2020 Recovery Rebates for individuals, both of which were enacted under Coronavirus Aid, Relief, and Economic Security (CARES) Act. In addition to these headline-grabbing provisions, the CARES Act also contains provisions designed to encourage increased charitable giving… Read More »
IRS Extends More Tax Deadlines to Cover Individuals, Trusts, Estates, Corporations, and Others
To help taxpayers, the Department of Treasury and the IRS announced in Notice 2020-23 the extension of additional key tax deadlines for individuals and businesses. Notice 2020-23 Previously, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing penalty,… Read More »
Estate Planning During COVID-19
At MendenFreiman, the health and safety of our clients and staff are our most important priority. We also want you to know that during these unprecedented times, we are here for you. Below are several important updates regarding estate planning matters during the COVID-19 crisis. We Are Here for You. We remain committed to meeting… Read More »
The SECURE Act: What It Means for Your Estate Plan
If 2017 was the year of significant tax reform, 2019 will go down as the year of considerable retirement reform. The Setting Every Community Up for Retirement Enhancement Act, also known as the SECURE Act, was signed into law on December 20, 2019, and became effective January 1, 2020. The Act makes substantial changes… Read More »
Estate Planning Awareness Week: Having a Conversation with Your Family About Their Estate Plan
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a 2019 survey carried out by Caring.com, 57 percent of adults in the United States… Read More »
What is a Spouse Entitled to Inherit?
Spouses have a vested interest in leaving as much financial security as possible for the other spouse once they are gone. Estate planning is the best way to accomplish this but not everyone creates an estate plan. The state has an interest in ensuring the surviving spouse receives a sufficient portion of the deceased’s… Read More »
When is it Time to Update Your Estate Plan?
Estate plans — when structured properly — can help you accomplish many things. They allow you to maintain control of your assets, yet protect you should you become incapacitated. They take care of your family and pets. If carefully crafted, they reduce fees, taxes, stress, and time delays. Estate plans can even keep your… Read More »
