Firm News

On Behalf of Marcus, Gould & Sussman, LLP | Dec 27, 2024 | Firm News | When crafting your estate plan, it is crucial to consider not only the “what” of inheritance but also the “how.” A spendthrift clause provides a structured approach, ensuring your hard-earned assets benefit your loved ones responsibly. Is this provision suitable for your estate planning needs? Protecting your family’s financial future A spendthrift clause is a trust provision that restricts a beneficiary’s access to their inheritance.

On Behalf of Marcus, Gould & Sussman, LLP | Jul 19, 2021 | Firm News | The firm handled the recent acquisition by Lee & Low Books of New York of the assets of El Paso, Texas-based Cinco Puntos Press, Inc. The acquisition brings together two notable independent publishers and enhances the New York-based publisher’s inventory of multicultural and diverse children’s books, adds adult titles, and enlarges its collection of bilingual, Chicanx, and border literature to its lists. Marcus, Gould & Sussman, LLP partner Kenneth J.

On Behalf of Marcus, Gould & Sussman, LLP | Jan 27, 2021 | Firm News | New York has laws governing estate plans in a careful and precise way. An estate plan should allow your loved ones the ability to make their last wishes and desires known. In most cases, this is the purpose it fulfills. But there are some cases in which your loved one may end up coerced or manipulated into making declarations against their will.

On Behalf of Marcus, Gould & Sussman, LLP | Sep 24, 2020 | Firm News | Throughout the year and particularly at the end of the year, many wealthy households choose to write checks for friends and family members. Often, these gifts may be around $15,000 dollars per person. Gifting can be a crucial tool in estate planning, and it is easily done for those who have available funds and expect to be subject to estate taxes. Annual gifts in that amount can be transferred without any tax effect and may lower your eventual estate taxes.

On Behalf of Marcus, Gould & Sussman, LLP | Aug 12, 2020 | Firm News | Moving into a new house can be exciting. But if owners find substantial damages after the closing, it can turn the age-old American dream into a nightmare.

On Behalf of Marcus, Gould & Sussman, LLP | Aug 7, 2020 | Firm News | There are many times in life when you may need to be making changes to your estate planning documents. Expanding families, marriage, divorces, starting new businesses and moving to new states are just a few. An important opportunity for updating your estate plan relates to real estate transactions. Real estate may represent some of the highest value property that you own.

On Behalf of Marcus, Gould & Sussman, LLP | Aug 6, 2020 | Firm News | The ultimate goal of your estate planning efforts may be to preserve as much of your assets as possible by limiting your liabilities. Ensuring the settlement of your debts and planning ahead for distribution that qualifies for available credits against taxes help assure that most of what you have to leave to your beneficiaries passes on to them.

On Behalf of Marcus, Gould & Sussman, LLP | Jun 30, 2020 | Firm News | If you are a parent of a child with special needs in New York, you may worry about how they will live once you pass away. For many people in a similar position, setting up a special needs trust as part of the estate plan is the solution. At Marcus, Gould & Sussman, LLP, we have experience helping clients protect their loved ones with disabilities.

On Behalf of Marcus, Gould & Sussman, LLP | Jun 30, 2020 | Firm News | The first part of a solid estate plan is a will. This document spells out your wishes and explains what you want to happen with your assets when you die. It provides a legal basis for the distribution of your assets during the probate process. If you die without a will, state law directs the distribution of your estate according to a section of law called “the poor man’s will. If you want to ensure that the state follows your wishes after your death, then you need to create a will.

On Behalf of Marcus, Gould & Sussman, LLP | Jun 30, 2020 | Firm News | Once you have a solid idea for a business in place, you need to decide what structure fits your goals for your company. Options include sole proprietorship, partnership, limited liability company or a C or S corporation. Each has its own benefits and drawbacks.