Law Offices of Fred F. Mashian, APC

Incapacity can happen at any age and can have many causes. An estate plan that addresses only what happens to your assets (such as your money, property, life insurance policies, and retirement accounts) after death—and does not address who can make decisions about your personal affairs if you become temporarily or permanently incapacitated—is fundamentally flawed. https://lnkd.in/gPQPgDUA

Many believe that once they set up and fund a revocable living trust, property held in the trust will completely avoid federal estate taxes after they die. In reality, a living trust does not provide any unique estate tax avoidance strategies. Learn More -> https://lnkd.in/g_tEkaRd

The number of blended families is outpacing that of traditional nuclear families by a significant margin. Fortunately, many estate planning strategies are available to help blended families. Blended families include those with stepchildren, children from a prior relationship, and children being raised by a single parent or by grandparents. There are a few things to consider when planning for a blended family. https://lnkd.in/gS_3rsEd

Happy New Year Wishing you peace, joy and prosperity throughout the coming year. Thank you for your continued support and partnership.

The purpose of this post is to review the new Corporate Transparency Act (“CTA”) and its possible impact on you. https://lnkd.in/gtiZKPmu

The results from the 2024 election are in, and although we still have weeks remaining before the 119th Congress takes office and the new president is inaugurated, there is some clarity about an election that has been called the most important in our lifetime and even in US history. Each election brings about the possibility of change. Indeed, it is no exaggeration to say that the 2024 election has significant implications for estate planning due to potential proposed changes in estate taxes, capital gains, and wealth transfer regulations. Estate Planning Issues That a New Administration and Congress Could Address... https://lnkd.in/g6pFarvu

Many people are familiar with the existence and some aspects of estate and gift taxes. If you are part of an ultra-high-net-worth family, it is important to also understand the generation-skipping transfer (GST) tax and how it may affect your particular situation. During the planning process, it is vital to consider unique family dynamics, financial goals, and values when deciding the best tax strategies to distribute your generational wealth. https://lnkd.in/gQEX2q-U

Many millennials are contributing to the workforce in a major way and are making positive changes in the world. We understand that their concerns may differ from someone of a different generation, and we are here to help them craft an estate plan that protects their future and addresses the things that matter most to them. The following are some important steps we recommend our millennial clients take to ensure that they have a comprehensive estate plan. https://lnkd.in/gYm7Rrvr

Various public benefit programs are available to individuals living with disabilities and other challenges. These programs have their fair share of acronyms, which can confuse those relatively new to elder law or special needs planning—be they attorneys, beneficiaries, or loved ones. This primer offers basic information about some common types of public benefits and can serve as an at-a-glance glossary of acronyms commonly used within the practice. https://lnkd.in/gSZUqRJm

Whether you are in the process of creating your first trust or are reviewing your existing trust, selecting the right trustee can make or break the trust administration process. Your selected trustee will be responsible for all trust matters and will play a crucial role in your loved ones’ futures. We understand the role’s importance and that choosing the right trustee may cause anxiety and lead you to procrastinate. We are here to make this decision easier for you. https://lnkd.in/gYSKp73T