As you begin to accumulate substantial wealth, it's natural to worry about protecting it from future potential creditors. At the Law Offices of Lawrence Israeloff, we understand your concerns and…
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As we navigate through our working years, the dream of retirement often dances in the distance—a time of leisure and freedom from the daily grind. Yet, the transition from a…
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When it comes to planning for our financial future, it's easy to feel overwhelmed and confused, and many ponder the question, “Do I need a financial advisor?” The answer isn’t…
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A certified public accountant, commonly referred to as a CPA, is a professional accountant who has passed the CPA exam in one or more U.S. states. CPAs must also meet requirements related…
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Although there are people who qualify as both, tax attorneys and certified public accountants (CPAs) are not the same. They are both financial professionals that aim to protect you and…
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Major tax reform legislation was signed into law late last year that impacts not only the federal income tax but also other taxes potentially affecting your estate plan (such as…
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What Is The Difference Between The Taxable Estate vs. The Probate Estate? The taxable estate is an estate tax concept. It includes the decedent’s interest in every type of property…
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The gift tax is also a component of the federal transfer tax system and is a tax imposed on transfers (i.e., gifts) of property during life, either given outright or…
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Accelerate Deductions and Defer Income - It sometimes makes sense to accelerate deductions and defer income. There are plenty of income items and expenses you may be able to control.…
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Probate assets consist only of assets owned by the decedent at death that do not pass automatically (i.e., by operation of law) to the intended beneficiaries. A person’s will deals…
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