My Uncle Bernie is 105 Years Old

As a trust and estates lawyer, I’ve worked on a lot of estates over my 30 plus years in practice. Only a handful of the decedents, mostly clients for which I drafted their Wills and Trusts, reached between age 100 and 102. None have reached age 105. You may be wondering if his current quality-of-life…

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Taking the Pressure Off: End-of-Life Financial Planning

Budgeting and planning for your final arrangements and funeral service are probably the last thing you want to think about. They’re also the last major decisions of your life story….and there is no need to fear preparing for what is just part of the circle of life. Here at the Beth El Mausoleum in Boca Raton, Florida, we…

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Everything Old Is New Again

Proposed Sweeping Changes To The Estate and Gift Tax Lawsby Mark A. Schaum, Esquire, CPA Over the years, I’ve heard this sentiment expressed with respect to fashion trends. Never have I heard it expressed with respect to tax laws, but it seems that as it relates to the tax bills introduced into the Senate on…

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COVID-19 & Your Advanced Directives

By Samantha Schaum, J.D. The spread of coronavirus (COVID-19) has raised new healthcare concerns that did not previously exist. As of November 16, 2020, the United States has recorded more than 11 million new cases of the virus, and outbreaks continue to rise throughout the country. In addition to drafting a Living Will, some people…

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What is the SECURE Act?

The Setting Every Community Up for Retirement Enhancement (SECURE) Act recently took effect on January 1, 2020. The purpose of this legislation is to improve America’s retirement system by creating more options to save for retirement and to make it easier for businesses to offer retirement plans to their employees. This legislation was spurred by…

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Ron Swanson’s Will

I have had many unique estate planning clients over the years and one of the most important things I’ve learned is that you need to be a really good listener and take the extra time to understand their perspective and what makes them tick.

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Mother’s Little Helper

Using Your Elderly Parent’s Unused Estate Tax Exemption to Obtain a New Step-Up in Basis This article has nothing to do with the Rolling Stones song by the same name, but for a tax lawyer to get the attention of some that are less tax oriented, one has to be a little creative. Indeed, the…

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Password Purgatory and Digital Assets

The Daunting Task That May Occur Upon Your Incapacity or Death These days, virtually every aspect of my life is shrouded in secret passwords and user names. I added up the number of vendors, banks and financial institutions, charitable organizations, clubs, social media accounts and other miscellaneous accounts for which I have passwords or PIN…

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