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Unlocking the Power of Trusts in Estate Planning

Often people start an estate plan with a will, providing for your loved ones after you have passed away by designating who should receive your property, money, retirement accounts and life insurance policies. But have you considered the power of trusts in securing your estate? In this article, discover how they offer complex options all in one place to customize your plan for probate avoidance, flexibility, asset protection, tax savings and even charitable giving.

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Understanding Medicaid: What Does Medicaid Cover?

In the complex and frequently changing landscape of health care in the United States, Medicaid stands out as a vital program. Since 1965, it has provided essential coverage to millions of low-income individuals and families. Alongside Medicare, Medicaid serves as a lifeline for those who may otherwise struggle to afford health care services.

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Buying and Selling a Business: Are You Ready?

By: Theresa M. Skaine, Esq.

Corporate Planning to Acquire, Merge Businesses, or Close Out

As a business owner and corporate law planner, I’ve witnessed the excitement and potential pitfalls involved in buying or selling a business. Whether you’re looking to expand your portfolio through acquisition or considering selling your hard-earned venture, there are important legal aspects to consider before diving in. Proper legal planning can make all the difference in ensuring a smooth transaction and protecting your interests.

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6 Facets of Estate Planning That LGBTQ+ Couples Should Know

Estate planning is an important consideration for all couples. However, for LGBTQ+ couples (or former couples), it may be more important than they realize to review their circumstances and see whether they have an estate plan in New York that accurately reflects their wishes.

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Asset Transfers and Intentionally Defective Grantor Trusts

By: Richard S. Rothberg, Esq.

For wealthy families who wish to transfer assets from one generation to the next while achieving significant tax savings, an intentionally defective grantor trust may be an excellent solution.

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PCS Advisory: New Federal Corporate Reporting Requirements – Now in Effect

Four business colleagues stand talking in a meeting room

The Business Planning team at Pierro, Connor & Strauss would like to inform you about the recent enactment of the Corporate Transparency Act (CTA) and its implications for business entities. The CTA, which went into effect on January 1, 2024, is a significant development aimed at enhancing corporate transparency and preventing illicit financial activities.

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The Ring. The Oriental Rug. The Painting: How to Pass On Heirlooms in Your Estate Plan

We see family disagreements over heirlooms on an almost daily basis.  Tangible personal property – regardless of value — is what families tend to fight over most often because each item has sentimental value.  The feuds happen during lifetime if, for instance, grandma gives a ring to one of her granddaughters and the others get miffed. Most often, though, conflicts erupt after a death when nothing has been written into the will or estate with instructions about “who gets what.”

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Pierro, Connor & Strauss Attorneys Honored by Best Lawyers®

Pierro, Connor & Strauss, LLC is proud to have nine attorneys recognized in the 2024 editions of The Best Lawyers in America® and the Best Lawyers: Ones to Watch® in America. Four of the attorneys are being honored for the first time.

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