Will the New Administration Change Estate Tax or Stepped-Up Basis Rule?

Avoid Estate Tax with Local Estate Planning Attorney

While it remains unclear exactly what tax changes President Biden’s administration will usher in, a new administration usually means that tax code changes are coming.  Two possibilities are that the new administration will propose lowering the estate tax exemption and Read More …

Theft from Special Needs Trust. Consider Using a Professional Trustee.

Special Needs Trust Attorney Keeps Theft from Happening

A New Jersey man has been charged with stealing $330,000 from the special needs trust (SNT) of a man living in a long-term care facility.  The case highlights the importance of having a professional trustee manage a special needs trust. Read More …

Update Your Estate Plan when Moving to a New State.

Estate Planning Attorney Ohio Near Me

If you’re planning to move to another state, tell your estate planning attorney. There are a number of components making up your estate planning and long-term care planning that could be effected. Previous posts: Does My Living Will, or Advance Read More …

Maximize Life Insurance as an Estate Planning Tool

Life-Insurance-Estate-Planning

Life insurance can play a few key roles in an estate plan, depending on your age and situation in life. Because life insurance passes outside of probate, it can also provide heirs needed funds more quickly than assets passing through Read More …

Three Estate Planning Documents to Create When Your Child Turns 18

power of attorney for 18-year-old

Once your child reaches the age of 18 the state considers your child to be an adult with the legal right to govern their own life. While your child is a minor you are entitled to access your child’s medical Read More …

What Can Go Wrong with Do-it-Yourself Estate Planning?

DIY Estate Planning Documents

Many websites offer customized, do-it-yourself wills and other estate planning documents.  Although such products are convenient, using them could create serious and expensive legal problems for heirs. These digital services appear to offer a cost-effective and easy alternative to visiting an Read More …

Planning Your Estate? Don’t Let the Perfect Be the Enemy of the Good.

When to start estate planning

There are many unknowns when planning an estate, but you can’t let the uncertainties get in the way of creating any kind of plan. Having an imperfect plan is usually better than having no plan at all. When many of Read More …

Avoid Family Strife With These Tips for Dividing Up Personal Possessions

Distributing Personal Belonging Fairly

As an estate planning attorney who also helps through the probate and estate administration process, we have seen, first hand, the difficulties in dividing belongings. Allocating your personal possessions can be one of the most difficult tasks when creating an Read More …

Eight Useful Tips for Bringing Up Estate Planning

How to Talk About Estate Planning With Your elderly parents

Unless you’re certain your parents have an up-to-date will, as well as a big-picture plan for what should happen in the event of their passing, you shouldn’t assume everything will be taken care of.  During this season of upcoming holidays, Read More …

James Brown Estate Complications May Be Settled After Over 14 Years

Estate Planning Attorney Cleveland

Litigation over James Brown’s estate has been dragging on for 14 years and can hold key lessons in the importance of having an estate planning attorney prepare clear and concise estate planning documents that hold up in court – especially Read More …

Estate Planning Is Even More Important for Unmarried Couples

Estate Planning Single Couples

What do millennial and aging couples have in common?  Trends are showing that more older couples are choosing to stay unmarried, despite being in long-term committed relationships. Most married couples understand the importance of estate planning to transfer assets and Read More …

Estate Planning 101 in N. Ridgeville. Free Estate Planning Seminar to Help You Avoid Common Mistakes

Estate Planning Events Classes

Register now for our free event with the Lorain Public Library System at the North Ridgeville Branch on Bainbridge. Estate Planning Events and Seminars At Joseph L. Motta Co., we genuinely enjoy sharing our expertise and knowledge in the areas Read More …

Golden Grab Bag: Estate Planning in Sheffield Lake March 11th

Sheffield Lake Estate Planning Attorney

Register now for our free event with the Lorain Public Library System at the Domonkas Branch in Sheffield Lake. Seniors, join us for a series of programs designed specifically for you!  Joseph Motta discusses why most estate plans fail to protect your Read More …

Inheriting a House – Blessing or Curse? Key Areas to Consider and Plan For.

Do You Want to Inherit a House

We usually think that inheriting a home, a lake house, a plot of land or any real estate is a wonderful blessing, and it can be. However, without the proper estate planning, inheriting real estate from your parents also has Read More …

Avoid Tax & Medicaid Consequences: 6 Tips to Consider When Gifting to Grandchildren

Big Grandparent Gifts - Avoid Taxes and Medicaid Issues

Grandparents often are particularly generous to grandchildren as they see their family’s legacy continuing on to a new generation. In many cases, grandparents feel they have ample resources and their children or grandchildren may be struggling financially. Assistance with summer Read More …