Vanessa Terzian E: vterzian@lagerlof.com PH: 818-864-6174 | Edward Terzian E: consultation@inheritancerecovery.com PH: 818-579-2358
The Conversation You Must Have With Your Kids and Your Parents Every single adult needs to have an advance health care directive written, signed and in place. This includes your children, as soon as they turn 18. This includes you. This includes your parents. Without an advance health care directive in place, you would not…
Three-time New York City Mayor Ed Koch died on Feb. 1, leaving an estate estimated between $10-$11 million. And it’s a good thing that “Hizzoner” loved governing, because one-quarter of his estate will be going to the state and federal governments. During his tenure as Mayor, Koch was famous for asking people on the street,…
Many parents perceive a conflict between funding a child’s college education and building their own retirement nest egg. The conflict usually arises from the lack of financial resources to do both while funding daily living expenses, so parents become stuck between priorities and usually wind up doing nothing at all. One of the things a…
The Risks of Poorman’s Estate Planning: How to Pass on Property & Avoid Probate the Right Way They call it the “poor man’s estate planning.” Put your child on the title to your deed and avoid probate. Yet this “poor man’s” planning often ends up, well, poorly; and costing a lot more for the people…
Congratulations! It’s an Estate Plan! Protecting Your Newborn From Birth In the process of becoming new parents, many couples become experts at planning – scheduling the birthing classes, planning the new nursery, even picking out a preschool. There is so much to think about before you welcome your new child. Unfortunately, one of the most…
What We Can Learn From Downton Abbey About Estate Planning Downton Abbey – the PBS drama about the fortunes and misfortunes of an aristocratic British family in the early 20th century that has taken American audiences by storm – gets most of its gripping plot twists as the result of a number of bad estate…
New Social Security Rules and Services for 2013 There have been a number of new rules and services implemented by the Social Security Administration for 2013 that affect a majority of American workers as well as retirees: Expiration of the payroll tax cut. Workers may have already noticed the hit their paychecks took this year…
No More Reasons for Delay in Implementing These 5 Estate Planning Essentials Last year’s uncertainty about the future of the estate and gift tax caused many people to put their estate planning on hold. Now that the clouds have lifted and Congress has given us clarity, there is simply no reason for anyone to delay…
Top 5 Estate Planning Tips for the Newly Divorced Tip #1: Update your will immediately. This may not be top-of-mind, but updating your will is extremely important if you are going through a divorce. Having your assets go to your ex can be like adding insult to injury…and can tie up your estate for years…
5 Ways to Ease the Pain of the Payroll Tax Hike While the fiscal cliff tax deal cut by Congress last month targeted primarily higher wage earners, every American worker is feeling the effects of the payroll tax hike that went into effect on January 1, raising the Social Security payroll tax from 4.2% to…