Skip to navigation
ETHICAL ADVOCACY FOCUSED ON YOUR GOALS SCHEDULE AN APPOINTMENT

ARTICLES

Michael S. Winsten

Estate Planning with Tax Reform

To adapt to the complex and ever-changing federal estate tax law, gifts, and GST exemptions, an annual review and amendments to your estate plan may be necessary. Since 2018, federal tax assessment on estates above $11.7 million, indexed for inflation every year, will default back to pre-2018 exemption levels on the first day of 2026.
Read More
Michael S. Winsten

Battles Between Siblings

Sibling rivalry will always be a part of life in most families. Depending on the dynamics between your family members, previous rivalries may be amplified after the loss of a parent.
Read More
Michael S. Winsten

Life Insurance and Estate Planning

At first glance, life insurance may seem to have no effect on how your estate plan disposes of your assets. Even so, life insurance is an integral, indispensably important part of an estate plan that is well thought out.
Read More
Michael S. Winsten

Elderly and Near-Elderly Estate Planning

Since 2019, the percentage of Americans aged fifty-five and older who have created a will has decreased from sixty to forty-four percent, according to a 2021 Wills and Estate Planning Study by Caring.com and YouGov. Compared to pre-pandemic years, young adults now are sixty-three percent more likely to have a will.
Read More
Michael S. Winsten

A Guide to Powers of Attorney (POA)

As part of your estate planning process, you should implement Power of Attorney (POA) documents. Powers of attorney are recognized in all states, but the rules and requirements vary from state to state. This document gives one or more individuals the authority to act on your behalf as your agent or proxy.
Read More
Michael S. Winsten

The Financial Future of Your Parents

Several financial experts advise against delaying discussions with your aging parent about finances, since he or she may already be experiencing cognitive decline. Gathering all the information you need to make a complete financial assessment of their aging needs is going to take some time. Asking these questions when your parents are young, while they are still working, is the ideal time to do so.
Read More
Michael S. Winsten

Comparison of Revocable and Irrevocable Trusts

In estate planning, there are a variety of trust types; the most common are revocable and irrevocable. These two major categories of trusts share some similarities, but they serve different purposes in your estate plan. A trust or will are both alternatives to a last will and testament when it comes to distributing property, although a will and a trust are often used simultaneously.
Read More
Michael S. Winsten

The Default of a Parent Who Owes Support or Custody

Being a divorced parent can be challenging, especially when one of the parents defaults on custody arrangements or financial obligations. In these situations, divorce merely changes the situation instead of resolving it. It is important to make your decisions based on your head rather than emotion, and to get qualified legal advice.
Read More