New York's Asset Protection Roundtable

We're diving into some listener questions for today's mailbag episode. We'll kick off the show with the legalese of the day before tackling three recent questions: when to update your will, aligning your estate plan with your long-term goals, and why single folks with a small bank account might still want to consider estate planning. This episode is packed with financial planning in...

Have you completed your estate plan? If so, congratulations! You have taken an important step toward making sure you and your loved ones will be taken care of. But what happens next? You’re not legally required to tell anyone, but SHOULD you let anyone know? We’ll explore that question in this episode and reveal who you should involve in the conversation about your estate plan. Contact: 718-233-29...

It's a mailbag edition of the podcast today! Ted will kick off the show with the legalese of the day and then dive into a few questions from our listeners. Today we will discuss how estate tax laws change over time, using disclaimers in estate planning, and the importance of keeping your estate planning attorney updated throughout portfolio losses.  Contact: 718-233-2903 Website: https://www....

In this episode, we discuss a common issue that parents face once their child turns 18 - suddenly, their child's doctor and school won't talk to them anymore! This is because legally, once a child becomes an adult, their privacy rights are protected, and healthcare providers and educational institutions are not allowed to share information about their adult patients without their explici...

We will be answering some mailbag questions that have come into the show. This time around, we will talk about if you should put your unmarried partner on your house deed, if you should plan for your funeral arragements while you're still here, and making sure your children will receive some of your assets after you pass. Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/

Many people go through the estate planning process in order to provide for their loved ones and/or to allow someone to make decisions on their behalf if they fall ill. However, there are also specific decisions (usually medical) that a person will need to address during the process. For those who are blindsided by this situation, it can feel like a medical school exam! On this episode, we’ll cover...

It's a mailbag edition of the podcast. Today we will be discussing when you should consider updating your will, planning for future kids in your estate documents, and what to do with your estate plan if you move states. Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/

Very few things in life last forever. Cars break down, cell phones become out of date, food goes bad, even a good bourbon can spoil if you don’t store it properly. Sadly, many people look at estate planning as a one-time activity (set it and forget it). While your estate plan might technically not have an expiration date, there are many times when it could end up “going bad” if not properly update...

We are opening up the mailbag on today's show. This time around we will be discussing what to do if someone dies before receiving their part of an inheritance, if it's wise to name someone your power of attorney if they live in a different state, and how to go about picking guardians for your children. Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/

Not all attorneys are created equal. Most are (hopefully) honest, hard-working, ethical people. Some might not even know what the heck they’re doing. However, there are numerous situations where you, the client, should proceed with caution. On today’s episode, we’ll cover a few situations where you might want to run right out the door! Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/

On today's episode, we will open up the mailbag to answer some listener questions. This time around we will discuss the value of legal insurance plans for businesses, if it makes sense to put together a will even if you have beneficiary designations on your important accounts, and if you should get an estate plan done before, or after you're married. Contact: 718-233-2903 Website: https:...

The estate planning industry is being overwhelmed with imposters. Many websites, general practice attorneys, and even financial advisors/CPAs are trying to attack, minimize, or double-dip when it comes to estate planning.  They are either treating it as a one-off transaction, saying it isn’t necessary, or trying to create fill-in-the-blank templates that can be recycled so they can get extra fees....

We will be answering some listener questions on today's show. We will be discussing how exactly trusts control your assets, what acronyms you may see on trusts, and if putting your house in a trust is a wise choice. Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/

Setting up a trust is a great way to protect your loved ones after you’re gone. However, just signing the legal documents is only HALF of the job. You not only have to establish the trust, but you have to make sure your trust will actually control and protect your assets the way you want. Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/ Contact: 718-233-2903 Website: https://www.alat...

We take some more listener questions from the mailbag on today's episode. We will talk about getting taxed on an inheritance, navigating capital gains, and ways to possibly minimize your estate taxes. Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/ Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/

Everyone has heard the famous quote from Benjamin Franklin, “In this world, nothing is certain except death and taxes.” Although taxes are often discussed with a financial advisor and CPA, many families don’t consider the tax consequences of their estate plan. Here are the taxes to be aware of… Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/ Contact: 718-233-2903 Website: https://ww...

We will answer some mailbag questions on this episode of the podcast. We will be discussing when you should confront a power of attorney if you feel they are taking advantage of the situation, if your documents are official without getting them witness and notarized, and the timeframe in which you should file a will. Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/ Contact: 718-233-2...

On this episode, we’ll talk about various ways to challenge, undo, or override an estate plan. We’ll also discuss the circumstances when this might be appropriate. Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/ Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/

It's a mailbag edition of the show! On this go around, we will be discussing some strategies on passing assets down to multiple children, limitations of beneficiary designations, and if you should leave one person in charge of passing your money along to your heirs. Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/ Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/

Many types of accounts allow the owner to designate beneficiaries to receive the account after the owner dies. This can be a quick, easy, and no-cost way to pass on the account after someone dies. However, the ease of setting up beneficiary designations can trap some into assuming their estate plan is “done”. It is one piece of the puzzle, but not the entire puzzle. Contact: 718-233-2903 Website:...

On this episode, we are going to answer some more mailbag questions that have come into the show. We will be discussing a couple questions about the role of a guardian and some considerations you should make when you make this crucial decision. Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/ Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/

Picking the right fiduciaries is one of the most important parts of estate planning. After all, you need to decide who will be responsible for taking care of you, your finances, your inheritance, and your children! Once you’ve set your plan up, should you tell the people you have chosen? How much do they need to know? Isn’t some of this private? Contact: 718-233-2903 Website: https://www.alatsasla...

It's another mailbag edition of the podcast! This time around, we will be discussing if there is a need to create an estate plan when you don't have many assets, where you should start if you don't have children and some basics about beneficiary designations. Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/ Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/

There are a lot of myths out there about who needs (or who doesn’t need) an estate plan. While there are many different types of plans, every legal adult at least needs the five basic documents (outlined in a previous podcast). Here are some examples/reasons why an estate plan can protect your family, regardless of your age, marital status, net worth, or family situation. Contact: 718-233-2903 Web...

On today's show, we will be answering some listener questions. We will discuss how often you should update your documents if getting documents done by LegalZoom is a smart choice, and when it might be time to get a second opinion. Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/ Contact: 718-233-2903 Website: https://www.alatsaslawfirm.com/