Estate Planning
Fraud claims spark legal battle over estate with creditors, family, and DOJ involved
The estate of Michael Cohen, the late founder of the upscale waterfront development Point Ruston, has become a legal battleground, with claims of fraudulent asset transfers, fiduciary breaches, and efforts to evade creditors escalating among family members, creditors, and the U.S. Department of Justice (DOJ). Following Cohen’s death in December 2020, his estate—already strained by […]
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Protecting your family from unpaid debt after you die
When it comes to estate planning, many individuals focus primarily on asset distribution, often underestimating the impact that outstanding debts can have on their family and inheritance. Unresolved liabilities like personal loans, student loans, and other obligations can complicate estate administration, potentially diminishing the financial support intended for beneficiaries. This article explores how different types […]
What changes to expect in 2025 Social Security payments
As you plan for your financial future, staying informed about changes to Social Security is key. In 2025, there will be important updates to the payment schedule, a new Cost-of-Living Adjustment, and changes in retirement planning. These updates could impact your retirement and estate planning. Here’s what you need to know to maximize your financial […]
When the power of a financial attorney becomes exploitation of the elderly
Financial crimes against vulnerable individuals and businesses continue to be a severe issue in modern society, as seen in two recent court cases highlighting the impact of embezzlement and exploitation. The sentences handed down to Douglas Boncosky in Cary, Illinois, and Nathaniel Wills in Anderson, Indiana, underscore the harsh consequences for those who misuse authority […]
Estate planning on a budget in New Jersey
While the concept of estate planning may seem intimidating, especially for those facing financial constraints, it’s essential to recognize that creating a comprehensive plan doesn’t have to be a costly endeavor. With proper guidance and the right tools, individuals can effectively safeguard their assets and ensure a smooth transition of their estate, even when working […]
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