The Law Office of Jeremy Ofseyer
A Professional Corporation
A Will is sufficient because it clearly outlines how assets should be distributed after death. It seems straightforward: list your beneficiaries, name an executor, and you’re set. This simplicity leads to the assumption that no other planning tools, like …
Estate planning clients with blended families often think they need a “split-interest” trust to provide benefits for a surviving spouse for life, with any remainder going to issue from a prior marriage. Although this reflects a natural wish, the administration …
As you plan for your future, it’s important to stay informed about changes in tax laws that could impact your estate. One significant change is the upcoming sunset of the increased estate and gift tax exemption, which was introduced by …
Reverse mortgages have become a popular way for elderly homeowners to tap into their home equity. However, when the homeowner passes away, their heirs are often left wondering …
A revocable living trust can help you avoid probate, protect your privacy, and plan for incapacity.
Planning for the future involves more than just envisioning your legacy; it requires concrete steps to ensure that your assets are protected and distributed according to your wishes. While it’s not a pleasant topic to dwell on, understanding the implications …
I just bought a vacation home. Do I need to purchase a specific type of insurance?
Insuring a vacation home is different from insuring a primary residence. As a result, you’ll want to purchase insurance that is specifically geared to …
I already have health insurance. Will I have to change my plan because of the new health-care reform law?
For the most part, no. The Patient Protection and Affordable Care Act (ACA) does not require you to change insurance plans, …
Coordinating Social Security Benefits with Other Retirement Assets
Social Security provides retirement income you can’t outlive. And, in addition to your own benefit, your spouse may be eligible to receive benefits based on your earnings record in the form of …
Portability of Applicable Exclusion Amount between Spouses
Transfers of property during life or at death are generally subject to federal gift or estate taxes. However, each taxpayer has an amount of property that can be sheltered from federal gift and …
