Estate & Trust Administration Archives • Page 3 of 4 • Tully law group

“Fact is, money does crazy things to families.” An article on Forbes website discusses how money has the capability to (more…)

The Ethical Will

Most people are familiar with documents like the “Last Will and Testament” and the “Living Will.” These are legally-binding documents (more…)

New York State Estate Tax Law Modifications

As of April 1, 2015 modifications were made to the New York State Estate Tax Law. In brief, the estate (more…)

What to Consider Before Leaving an Inheritance

It is not uncommon for parents to worry about the potential consequences of leaving a large inheritance to their children: (more…)

Protection for Surviving Spouse of Reverse Mortgage Holders

The Department of Housing and Urban Development (HUD) established a new rule effective as of August 4, 2014 that aims (more…)

New York Increases Estate Tax Threshold

As of April 1, 2014 New York State has doubled its estate tax exemption from $1,000,000 to $2,062,500. The exemption (more…)

Reverse Mortgages Not Only for Last Resort?

Recently ReverseMortgageDaily.com published an article announcing that the Financial Industry Regulatory Authority (FINRA) has retracted their statement that reverse mortgages (more…)

Protecting Your Personal Information

Unfortunately Senior citizens are often the target of identity theft. The Privacy Rights Clearinghouse (PRC) published a “Privacy Survival Guide” (more…)

Reverse Mortgage: Myths vs. Facts

Bernadette Collins, a Reverse Mortgage Loan Originator with Associated Mortgage Bankers, kindly provided us with some myths and facts about (more…)

Wise Money: How to Prepare Your Children for an Inheritance

Oftentimes when a person inherits money, they are not prepared to handle this new increase in wealth. Fox Business recently (more…)

Divvying Up Your Assets

How To Plan For Aging 2024