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Five Legal Documents to Consider When Setting Up an Estate Plan

In Assets, Estate Planning by John Tramontozzi

Written by Neil O. Anderson, Esq. of Tramontozzi Law Offices There are Five Primary Documents to Create when developing an Estate Plan: Power of attorney In the event you become disabled and can not make decisions for yourself, establishing a power of attorney allows another person the ability to make financial decisions for you. Health Care Proxy Similarly, if the …

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Do I Really Need A Will ?

In Assets, Estate Planning, Family Law, Finances, medicare, SSI by John Tramontozzi

  Do I Really Need a Will? (and for that matter why have an attorney make one?) Many people and families engage in careful estate planning; however there also are a good number of people who choose, either purposely or inadvertently, to make no financial or legal arrangements for their property following their deaths. Sometimes individuals do not want to …

What is a Living Trust?

In Assets, Estate Planning, Probate by John Tramontozzi

When establishing a Living Trust, you are opting to serve as grantor, trustee, and beneficiary for the trust for the remainder of your lifetime. A trustee would be the person who is in charge of the trust assets. In a living trust, you would remain trustee until you are unable to perform those duties (generally incapacitation or death). A “beneficiary” …

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Tramontozzi Law Welcomes Neil O. Anderson

In Estate Planning, Misc Topics, Office Business, Personal Injury, Probate, Real Estate, Uncategorized by John Tramontozzi

Neil O. Anderson with his son also named Neil, who recently graduated from pre-school at the Rockland Montessori School. We are pleased to welcome Neil O. Anderson Esquire to our legal team. “Neil is a wonderful addition to our office. His background in community development and human services will be a true asset to my office, our community, and the …

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Why You Should Review Your Estate Plan Regularly

In Estate Planning, Uncategorized by Tramontozzi Law

There are many reasons why you should revise your estate plan periodically. Most recently, the Tax Cuts and Jobs Act of 2017 (the act), which was signed into law on Dec. 22, 2017, made substantial changes to the Internal Revenue Code. The name may sound simple, however the changes are the most comprehensive in years. There are many complex changes …

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The Best Ways to Avoid Probate

In Estate Planning, Probate, Uncategorized by Tramontozzi Law

In our recent blog post we outline what probate is and what the process entails in a simple step-by-step guide. Probate refers to the settlement and distribution of one’s assets in compliance with the terms of the will. The state court manages this, and all assets that you own individually and intend to pass on to heirs is subject to probate. …

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The Probate Process in Simple Steps

In Assets, Estate Planning, Probate, Uncategorized by Tramontozzi Law

What is probate? The probate process is described as the legal steps that take place after someone dies which determine how the deceased’s assets will be distributed.   Probate is the formal court proceeding required to determine who is entitled to inherit a property. The purpose of this proceeding is to prove that the deceased’s will is valid and that …

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Estate Planning Checklist

In Estate Planning, Misc Topics, Uncategorized by Tramontozzi Law

WHAT IS ESTATE PLANNING? Estate planning is a process where individuals specify how their money and other property will be managed after their deaths.   Many estate plans include wills, trusts, health care proxies, living wills and powers of attorney. Estate planning may sound like a fancy word, however when you think about it in the big picture it just …

Who Needs an Estate Plan?

In Estate Planning by John Tramontozzi

Many people believe that you only need an estate plan if you’re wealthy or nearing retirement. But the reality is you should have an estate plan so that your personal wishes are carried out when you can no longer manage your affairs. This can happen at any stage in life. At a minimum, an estate plan should address your wishes …