New York's Asset Protection Roundtable: Recent Episodes
Ted Alatsas
Welcome to New York's Asset Protection Roundtable with Ted Alatsas of Alatsas Law Firm in Brooklyn, New York. Alatsas Law provides one-on-one guidance when you're struggling to resolve family, elder law, asset protection, or bankruptcy concerns. On this show, Ted will explain complex legal concepts in easy-to-understand terms and encourage you to fully participate in the decision-making process so you can face you future with confidence. Join us each episode as we creatively address many issues that you might face in your legal and family planning journey. Don't hesitate to ask any questions along the way by calling 718-233-2903 or visiting https://www.alatsaslawfirm.com for more information. #ElderLaw #FamilyLaw #AssetProtection #Bankruptcy #EstatePlanning #LegacyPlanning
No one can predict the future, but a good estate plan should be prepared for it. What if your executor can't serve? What if a beneficiary dies before you? What if your family looks very different ten years from now? In this episode, we'll explain why estate planning is really about planning for the "what ifs," and how the right contingencies can keep your wishes on track no matter what life brings.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this mailbag episode, Ted explains what happens when someone dies without a will and how state law determines who inherits the estate. He also discusses why a newly purchased home may need to be transferred into an existing trust and what steps are required to make that transfer effective. Finally, Ted shares ways a trust can protect an inheritance for a loved one who may struggle with gambling or other financial challenges.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Most people think a power of attorney is a single document that covers everything. But that's one of the biggest misconceptions in estate planning. In reality, there are two completely different powers of attorney—one for your finances and one for your health care. In this episode, we'll explain what each document does, why you need both, and how choosing the wrong person can create major problems when your family needs help the most.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this mailbag episode, Ted tackles three important estate planning questions from listeners. He discusses options for parents who want to provide for their children without handing over an inheritance too soon, addresses what can happen when an executor named years ago is no longer in the picture, and explains some common misconceptions about debts, estates, and heirs after someone passes away.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
You did the right thing. You hired an attorney and got your estate plan done. But what if the problem isn’t whether you have a plan… it’s whether it was done right? In this episode, we walk through some of the most common mistakes we see, including ones that even experienced attorneys can make, and how those small oversights can lead to big problems down the road.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Ted answers listener mailbag questions on some of the most common estate planning challenges, focusing on how to protect assets, provide for loved ones, and plan ahead with confidence. He explains how to structure inheritances for young children, including when and how to distribute assets as they grow, and why it’s better to put a plan in place early rather than wait for complete certainty.
Ted also discusses what small business owners should consider in succession planning, along with practical ways to help reduce family conflict over a will, including the use of trusts and carefully drafted estate planning provisions.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
If you’re heading into surgery, there’s always that quiet question in the back of your mind… what if something goes wrong? It’s not fun to think about, but a little preparation now can make a huge difference for the people you care about. In this episode, we walk through what to review before surgery, so your wishes are clear, and nothing gets left to chance.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
You've got questions, we've got answers.
In this episode, Ted tackles 3 common estate planning questions:
- How often should you review or update your estate plan?
- What happens when a child is added to a parent’s bank account or home title before death?
- Can your executor or power of attorney live out of state?
If any of these questions are on your mind, this one’s for you!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
A family business isn’t just another asset — it’s a legacy. But when it’s time to pass it on, emotions and money can collide fast. What happens when one child works in the business and another doesn’t? What if some heirs want to sell and others want to stay? In this episode, we break down practical ways to transfer a family business without turning succession into a family feud.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this mailbag episode, Ted answers listener questions about whether probate really takes years, explaining how smaller estates can often be handled quickly and efficiently. He also breaks down how to properly include digital assets- like email, social media, and crypto- in your estate plan. Finally, Ted discusses the complexities of owning property in multiple states.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
When someone dies, their bills don’t disappear. But that doesn’t mean the family has to scramble to pay everything. In this episode, we walk through what really happens to debts after death, what executors need to know, and how to handle bills when no one even has access to the money yet.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Ted answers listener mailbag questions covering some of the most common estate planning concerns families face. He discusses how to structure inheritances for children of different ages—while keeping things fair—and shares practical strategies for passing down family heirlooms without creating conflict. Ted also explains how to know whether an existing power of attorney will still hold up in the event of incapacity and when it may be time for an update.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Most people think estate planning is all about who gets what, but there's another question worth asking- who gets to know? In this episode, we explore how to protect your family's confidentiality with privacy-focused estate planning tools. If you're concerned at all about unwanted attention, identity theft, or family conflict, this is a conversation you don't want to miss.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this mailbag edition of the show, Ted answers three listener questions on common estate planning concerns. First up, he explains how parents can responsibly pass on wealth to their children without overwhelming them at a young age. Later in the episode, Ted discusses when (and when not) you need to update your will as new assets like bank accounts or cars are added to your life.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
When it comes to leaving money to your kids or grandkids, it’s not just about how much, but also when and how they should receive it. Should you give it all at once, spread it out over time, or tie it to important milestones? Today, Ted explores the key factors to consider when planning your heirs’ inheritance.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
It’s a mailbag edition of the show! One listener asks about the difference between a will and a trust when it comes to avoiding family disputes. Another wants to know how to leave instructions for their pets. Ted walks us through these common estate planning scenarios (and more)- sharing helpful insights along the way.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
If you're planning to leave everything to one person- like an only child- it might feel like you can skip the estate plan altogether. But even the simplest situations can create unexpected headaches without proper planning. In this episode, we’ll explain why having just one heir doesn’t eliminate the need for a thoughtful estate plan, and how you can pass on your legacy in a simple, smart, and secure way.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this mailbag edition of New York's Asset Protection Roundtable, Ted answers listener questions about estate planning and asset protection. Topics include handling conflicting wills, setting age restrictions on inheritances, and whether a fully paid-off house should be placed in a trust. Tune in to see what you can learn today!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Receiving an inheritance should be a blessing, not a burden. But without a plan, it is shockingly easy to make decisions that can drain your windfall faster than you think. Today, we're walking through 5 common mistakes people make after receiving an inheritance, and how to avoid them.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this mailbag episode, Ted explains what to do if you can’t locate your parents’ estate documents, breaks down the confusing terminology around powers of attorney, and outlines when it’s time to revisit your estate plan. Whether you’re just getting started or already have a plan in place, this episode offers practical insights to help you stay organized and protected.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
When you think of estate planning, you probably picture wills, trusts, and who gets what. But what happens if you’re still alive and can’t speak for yourself? Who makes the call? In today’s episode, we’re talking about how to plan ahead for medical decisions- so you stay in control.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this mailbag episode of New York’s Asset Protection Roundtable, Ted answers three important listener questions. He discusses how to handle inheritances for adult children who struggle with money, the best ways to protect cryptocurrency within an estate plan, and how to structure a trust for grandchildren that covers education but not vacations. Tune in for practical insights on protecting assets while honoring your family’s needs and goals!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
When it comes to inheritance, most parents assume everything should be divided equally. But what if equal shares don’t actually feel fair? In this episode, we’ll explore a lesser-known estate planning tool called the common pot trust—and discuss how it can help provide balanced financial support for children of different ages and needs.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this mailbag episode, a listener asks how a same-sex couple can ensure their partner is legally recognized and protected if they’re not married. Another listener asks how to fairly divide a valuable baseball card collection among children. Tune in to hear Ted’s answers to these questions and more!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Adding someone to your bank account or property title might seem like a simple way to “keep things in the family," but that simple move can cause big problems. In this episode, we break down why joint ownership isn’t always the shortcut it appears to be, and how it can backfire when it comes to probate, taxes, family dynamics, and control.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In today’s mailbag episode, a new grandparent asks how to safely leave an inheritance for a granddaughter with developmental challenges. Then, someone preparing for remarriage wonders how to provide for their new spouse without disinheriting their children. Finally, a parent of a college-bound teen asks whether an estate plan is really necessary for an 18-year-old with no assets.
Tune in as Ted walks through each scenario and shares estate planning strategies that can offer clarity and peace of mind!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
If your child or grandchild struggles with addiction, a sudden inheritance could do more harm than good. In this episode, we explore the risks of leaving money to a loved one battling substance issues and the strategies you can use to protect them without enabling their addiction. From milestone-based trusts to protective planning tools, you’ll learn how to provide for your family while maintaining boundaries and preserving your legacy.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this mailbag episode, Ted answers a question about how to protect an inheritance for a child struggling with addiction, while still leaving room for flexibility if circumstances improve. He also answers a few other listener questions, including one about safeguarding assets from a potential divorce in the family. Don't miss these helpful insights on future-proofing your estate plan!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Imagine naming the perfect person to handle your medical or financial decisions, only to realize they're unavailable when you need them the most. In today’s episode, we’re diving into one of the most overlooked parts of estate planning: naming enough backup fiduciaries. Whether it's a healthcare agent, trustee, or guardian for your children, we’ll explain how many backups you really need, and why one name often isn’t enough.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We get a lot of great questions sent into the show. Today, we’re featuring three of them— including one about how to fairly support grandchildren with different career paths, and another on how to plan financially for future children. Tune in to hear these questions and more!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Have assets or property in another state or even across the globe? Your estate plan needs to keep up. In this episode, we dive into the unique challenges (and smart solutions) of managing assets that live far from home. Whether it’s a vacation cabin two states over, a retirement fund in a different region, or a villa in Tuscany, learn how to protect your legacy and avoid probate pitfalls wherever your assets reside.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In today’s episode, we cover 3 listener questions that dive into real-world estate planning concerns. First, we tackle how to responsibly leave money to a church or charity when you’re concerned about how it’s being managed. We also hear from a parent seeking to disinherit a child who has cut ties with the family and discuss how to do so while minimizing legal challenges.
Tune in for thoughtful answers to these questions and more in this week’s conversation!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
You’ve signed your estate planning documents- great! But does that mean you’re truly prepared? Many people think their job is done once the paperwork is complete, but there are critical steps beyond the will that can make all the difference for your loved ones. From final arrangements and digital assets to pet care and financial planning, we’re covering everything you need to do after your estate plan is in place.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this episode of New York’s Asset Protection Roundtable, Ted Alatsas tackles three critical estate planning questions. Learn how to prevent inheritance disputes among family members, the do’s and don’ts of leaving money to charity, and whether guardians and financial trustees for your children should be the same person.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Do you really need to like your attorney? Maybe not… but imagine sitting across from someone who makes you feel judged, rushed, or confused while trying to plan for the most personal aspects of your life. Your family. Your finances. Your future. Now, fast forward. One day, your loved ones will have to work with this same attorney after you’re gone. Do you want them to deal with someone you barely trusted in the first place? Let’s talk about why finding the right attorney—one you’re actually comfortable with—could make all the difference in your estate planning journey.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this week's mailbag episode, Ted answers 3 questions from listeners like you. First, Cooper asks if it's necessary to review his estate plan despite no changes in his family since he set it up years ago. Later in the show, Vivian asks if she should find a new attorney now that her old one has retired and whether a new attorney will accept and work with an estate plan created by someone else. Tune in to see what you can learn today!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Estate planning isn’t a one-and-done deal. Life changes, and so should your plan. In this episode, we’re diving into how to prepare for your estate plan review meeting. We’ll cover what to bring, what to update, and how to ensure your plan still works for your family and future.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We're answering 3 great questions from the listener mailbag today! First, Clara asks whether she can handle arrangements for her overseas real estate from the U.S. without hiring an attorney in the other country. Later, Bill asks why someone would set up an irrevocable trust. Tune in to hear Ted's insights!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
What happens when a music legend’s final wishes are hidden under a couch cushion? In this episode, we reveal the surprising legal drama surrounding Aretha Franklin’s estate. From handwritten wills to family conflicts, the Queen of Soul’s legacy offers lessons for anyone thinking about their own estate planning.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Tune in as Ted unpacks 3 questions from the listener mailbag today! First, Evelyn asks if there is a way to leave her daughter an inheritance without her ex-husband being able to influence or pressure her. Later, Grant asks how he can responsibly set up an estate plan for his young children, given the uncertainty of what they will be like when they grow up. Don't miss Ted's great insights!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Should you micromanage your trustee? In this episode, we’ll dive into how much control you should keep, when to trust your trustee’s judgment, and how to future-proof your estate plan.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We've got a great mailbag episode lined up for you today! Listen in as Ted answers a variety of listener questions on estate planning. Lillian asks about buying a house that’s in probate, while Everett wonders if he can seek help from a new attorney after his parents’ estate planner retired. Tune in for expert insights on these scenarios and more!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Trust funding can be a cumbersome process. With each financial institution having its own set of rules and procedures, conflicts can arise, making it hard to move forward. In today's episode of New York's Asset Protection Roundtable, we’ll talk about some unexpected roadblocks you may encounter and share strategies to ensure your plan stays on course.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this week's episode, Ted tackles 3 questions from the listener mailbag. Austin asks how to ensure that both their children from previous relationships inherit what they’ve worked for, while also making sure their spouse is financially secure if one of them passes away. Penelope asks whether the family business should be gifted to their interested child or sold to them, given that not all of their children want to take it over. Tune in for answers to these questions and more!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
When most people think of estate planning, traditional assets like bank accounts and investments come to mind. However, over the past 20 to 25 years, digital assets have become increasingly significant. Today, we’ll explore what digital assets are, how to manage them legally, and the practical steps to include them in your estate plan.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We have some excellent listener questions lined up for this week's conversation. Derek asks if it's ever a good idea to leave an inheritance to a stepchild. Vincent asks how he can provide financial support to his son, who struggles with addiction, while ensuring his money is managed responsibly. You never know what you might learn from a mailbag episode, so tune in as Ted tackles these real-life scenarios with thoughtful advice!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Over a lifetime, people can accumulate a lot of “stuff." This can multiply as families have children and later inherit from parents or grandparents who pass away. While many accounts and assets have a rather “straightforward” process to pass on, some unique, rare, collectible, and/or expensive personal effects require more care in handling. In this episode, we’ll walk through exactly what you need to consider.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We've got a mailbag episode for you today! In this edition, Jasper asks why his parents might not have kept their original will, how he can locate it, and what happens if the original cannot be found. Nora asks how to prevent potential conflicts among her children over inheriting and maintaining the family lake house after she and her spouse pass away. Join us as Ted answers these questions and more!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Once estate planning documents are signed, it is important to keep them both safe AND accessible. Many people do not consider the importance of where to store your documents after they are prepared. One option that some people use is allowing their attorney to store the original documents at their office. Let’s explore the pros and cons of entrusting your lawyer with the original copies.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Tune in for this week's mailbag episode, as Isabel asks whether she and her husband should involve their children in the estate planning process. Later, another listener asks how they can protect their estate to ensure there's something left for their children after they're gone. Plus, Ted breaks down the concept of joint tenancy and its benefits!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Send us a Text Message.
Many people automatically think of how to handle or “plan” for their assets when estate planning comes to mind. However, the inheritance of someone’s assets is only one piece of the puzzle. This is why someone asking, “how much money do I need to have before I create an estate plan?” is always the wrong question. On this episode, let’s cover several estate planning goals that have nothing to do with someone’s assets.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Send us a Text Message.
It's a mailbag edition of the show today! This week, Cole asks how to manage their estate plan given that the life insurance payout, in the event of their death, would be significantly larger than their current assets. Vivian asks whether it's a red flag that their attorney's office manages investments, life insurance, and taxes in addition to legal services.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Send us a Text Message.
Many couples automatically assume that, after one spouse passes away, the survivor will retain control of everything. Certainly, that is the “default”. However, many factors can complicate matters. Issues of trust, control, blended families, and separate finances mean it’s important to understand all your options before deciding on the best plan.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Send us a Text Message.
It's a mailbag edition of the show! We've got some great estate planning questions lined up for today's episode. Wesley asks if there's a way to financially support their parents while also ensuring their children are provided for in case something were to happen to them and their partner. Fiona asks whether the government still imposes an estate tax.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Real estate is often the most valuable asset in your family's portfolio. Deciding on how to pass this asset on can be a high-stakes game with both significant risks and rewards. Today we're going to zero in on real estate and estate planning and explore the best strategies for passing on your property legacy.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We're diving into the mailbag for today's episode! One listener asks whether they need to update their estate plan in the event of divorce. Another listener asks how to ensure that an ex-spouse cannot access the money they want to leave to their children.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this episode, we're going to unpack the complexities surrounding Lisa Marie Presley's contested estate after her unexpected passing at age 54. As Priscilla Presley challenges her daughter's estate plan, we'll chat about the complexities of this case and the questions that have arisen from these last wishes. Join us for a deep dive into the intricacies of Presley's estate and the lessons that can be learned from it.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We've got a mailbag edition of the show for you today! Ted is tackling 3 listener questions in this episode. Elise asks why she and her husband need to engage in estate planning now if they have each other listed as beneficiaries. Theo asks whether his brother, added as a co-owner of their father's assets, would legally be able to keep everything for himself after their father's death. Listen in as Ted answers these questions and more!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Do you think you have things figured out if your better half passes first? Think again. We're diving deep into what really happens—and spoiler, it's not always what you'd expect. From joint accounts to sneaky state laws, we're chatting about the big surprises and little-known loopholes that could throw a wrench in your plans.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this episode, we'll be answering some mailbag questions from listeners like you. One listener asks whether the revocable trust they set up online serves as a replacement for a will. Another listener asks whether they still need a pour-over will if they have fully funded their trust. These conversations are a great way for you to learn from real-life financial planning questions and scenarios, so tune in to see what you can learn!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Many families choose a trust as the best way to manage and distribute their inheritance after they pass away. However, people are surprised to find out that they still need a will EVEN IF they have a trust. In this episode, we’ll explore some of the compelling reasons why this is the case.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
This week, we're opening up the mailbag to answer 3 listener questions. These conversations provide a great opportunity for you to learn from real-life estate planning scenarios! Nathan wonders if there's a way to take care of children that don't exist yet in their estate planning. Sophia, a new grandmother, is keen on leaving money for her first grandchild's college but is unsure about planning for future grandchildren. Tune in to see how Ted advises these listeners and for some helpful tips on making informed decisions for your family's future.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
This episode is all about being one step ahead, when possible. We’ll tackle the 'what ifs' of estate planning and focus on future-proofing your legacy. We'll explore strategies to anticipate and address unforeseen events, from future grandchildren to beneficiary contingencies, and much more.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We've got 3 great mailbag questions for you today! Lucas asks if his brother, who is not planning to marry or have kids, should have an estate plan. Gerald asks if there are any special estate planning considerations when renting out property. Of course, we'll kick off this episode with a legalese of the day, and, in light of the season, chat a bit about the holidays as well.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Estate planning (like many things) is always best handled LONG before it is needed. However, even a well-thought-out estate plan should be reviewed periodically. If the family is aware that “the end is near," it’s always a good idea to review certain aspects of the plan and the wishes of the person who is about to pass away.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We have a mailbag edition of the show for you today! We're tackling 3 great listener questions in this episode. Ethan asks for guidance on how to prevent his son's untrustworthy spouse from gaining control of the inheritance he wants to leave. Hannah asks about options to protect her granddaughter's inheritance from potential claims by student loan companies. Stay tuned to see what you can learn from these scenarios!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
After someone passes away, the executor or trustee takes on the responsibility of executing the wishes of the deceased individual and managing the estate. This role encompasses a range of duties including paying bills, settling debts, filing taxes, and possibly selling assets. When the time comes for beneficiaries to receive their inheritance, it may be tempting to swiftly utilize the funds. However, immediate usage or possession of the inheritance may expose it to various risks. Beneficiaries who receive an inheritance through a trust might have avenues to safeguard the money from existing or prospective issues.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Welcome back to New York's Asset Protection Roundtable! We will be opening up the mailbag to answer some listener questions in today's show. We'll kick off the episode with Ted talking about the most beautiful place he's ever visited before diving into your questions. This time around, Ted will talk about three different estate planning scenarios. Stay tuned to see what you can learn!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In today's episode, we delve into the complexities of leaving an inheritance. While the common approach is to divide it equally among children or grandchildren, is this always the best choice? Join us as we explore scenarios where an equal share might not be the ideal solution.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We're answering several listener questions on today's episode about planning for children, assigning a power of attorney who might be older than you are, and how to manage living at multiple properties in multiple states. We'll also tackle our "Legalese" word of the day: "Durable" Power of Attorney.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
As you navigate life's ups and downs, your family changes, relocation, fluctuating finances, and even shifts in personal wishes, your estate plan should adapt accordingly. And with laws ever-changing, we emphasize the need to stay on top of legal modifications that may affect your estate planning. Join us as we unpack the reasons, the when, and the how of keeping your estate plan resilient through the rollercoaster ride of life.
Subcribe to New York's Asset Protection Roundtable on Apple Podcasts!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We're back with another mailbag episode today! Victoria asks what she can do with her expensive jewelry collection in the event that her children don't want the pieces after she passes. Mason asks if he will be able to leave an inheritance to his son in prison. Listen in to see what you learn from these questions and today's legalese of the day + learn about the best steak that Ted has ever had!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In most circumstances, it is best to work with an estate planning attorney who is local and understands the laws of the state you live in. However, special consideration needs to be given to people who have a residence in multiple states and those who travel frequently. What if you set up your plan in your “home state” but something happens to you while you are living at your second home on the other side of the country? What if you travel for work and are always in a different place?
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Welcome back to New York's Asset Protection Roundtable! We will be opening up the mailbag to answer some listener questions in today's show. We'll kick off the episode with a legalese of the day before diving into your questions. This time around Ted will discuss passing down assets if you get remarried, setting up an estate plan for a special needs child, and leaving money to an older beneficiary.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this episode, we shine a spotlight on one of the central figures of the estate planning equation – the beloved family home and other real estate assets. Discover the practical challenges involved in sharing these substantial assets among beneficiaries. We'll guide you through different scenarios and practical options to address this common dilemma. Get ready to unravel the complexities and gain insights into effectively managing real estate within estate planning.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Welcome back to New York's Asset Protection Roundtable! In this episode, Ted is opening up the mailbag to answer some listener questions. We'll kick off this episode with a legalese of the day and then talk about naming a financially responsible trustee, communicating your inheritance intentions with your family and in your will, and some downsides to passing on your assets to someone before you pass. Tune in to this episode to see what you can learn from these listener questions!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
As people age, they tend to rely on others to help. Spouses, children, and other family members often step in to handle everything from the finances to cutting the grass. If there are no family members that are trustworthy and capable, many look to service providers, caregivers, and other “outside” options. Unfortunately, as people age and become reliant on others, that can make them targets for financial abuse. In this episode, we’ll explore how to watch out for financial abuse and concrete steps you can take to protect your parents or loved ones from becoming a victim.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We're diving into some listener questions for today's mailbag episode. We'll kick off the show with the legalese of the day before tackling three recent questions: when to update your will, aligning your estate plan with your long-term goals, and why single folks with a small bank account might still want to consider estate planning. This episode is packed with financial planning insight, so stay tuned to learn something new from Ted!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Have you completed your estate plan? If so, congratulations! You have taken an important step toward making sure you and your loved ones will be taken care of. But what happens next? You’re not legally required to tell anyone, but SHOULD you let anyone know? We’ll explore that question in this episode and reveal who you should involve in the conversation about your estate plan.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
It's a mailbag edition of the podcast today! Ted will kick off the show with the legalese of the day and then dive into a few questions from our listeners. Today we will discuss how estate tax laws change over time, using disclaimers in estate planning, and the importance of keeping your estate planning attorney updated throughout portfolio losses.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
In this episode, we discuss a common issue that parents face once their child turns 18 - suddenly, their child's doctor and school won't talk to them anymore! This is because legally, once a child becomes an adult, their privacy rights are protected, and healthcare providers and educational institutions are not allowed to share information about their adult patients without their explicit consent. Today we'll talk about the importance of young adults having basic legal documents to help ensure that their parents stay informed about medical and financial decisions. This will also give young adults peace of mind knowing that their wishes will be respected if they become incapacitated.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We will be answering some mailbag questions that have come into the show. This time around, we will talk about if you should put your unmarried partner on your house deed, if you should plan for your funeral arragements while you're still here, and making sure your children will receive some of your assets after you pass.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Many people go through the estate planning process in order to provide for their loved ones and/or to allow someone to make decisions on their behalf if they fall ill. However, there are also specific decisions (usually medical) that a person will need to address during the process. For those who are blindsided by this situation, it can feel like a medical school exam! On this episode, we’ll cover some common decisions you may be faced with when preparing your own estate plan.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
It's a mailbag edition of the podcast. Today we will be discussing when you should consider updating your will, planning for future kids in your estate documents, and what to do with your estate plan if you move states.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Very few things in life last forever. Cars break down, cell phones become out of date, food goes bad, even a good bourbon can spoil if you don’t store it properly. Sadly, many people look at estate planning as a one-time activity (set it and forget it). While your estate plan might technically not have an expiration date, there are many times when it could end up “going bad” if not properly updated.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We are opening up the mailbag on today's show. This time around we will be discussing what to do if someone dies before receiving their part of an inheritance, if it's wise to name someone your power of attorney if they live in a different state, and how to go about picking guardians for your children.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Not all attorneys are created equal. Most are (hopefully) honest, hard-working, ethical people. Some might not even know what the heck they’re doing. However, there are numerous situations where you, the client, should proceed with caution. On today’s episode, we’ll cover a few situations where you might want to run right out the door!
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
On today's episode, we will open up the mailbag to answer some listener questions. This time around we will discuss the value of legal insurance plans for businesses, if it makes sense to put together a will even if you have beneficiary designations on your important accounts, and if you should get an estate plan done before, or after you're married.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
The estate planning industry is being overwhelmed with imposters. Many websites, general practice attorneys, and even financial advisors/CPAs are trying to attack, minimize, or double-dip when it comes to estate planning. They are either treating it as a one-off transaction, saying it isn’t necessary, or trying to create fill-in-the-blank templates that can be recycled so they can get extra fees. Some are even breaking the law by giving legal advice without a law license. Today’s episode will cover some of the examples you should watch out for when putting together your own estate plan.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We will be answering some listener questions on today's show. We will be discussing how exactly trusts control your assets, what acronyms you may see on trusts, and if putting your house in a trust is a wise choice.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Setting up a trust is a great way to protect your loved ones after you’re gone. However, just signing the legal documents is only HALF of the job. You not only have to establish the trust, but you have to make sure your trust will actually control and protect your assets the way you want.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We take some more listener questions from the mailbag on today's episode. We will talk about getting taxed on an inheritance, navigating capital gains, and ways to possibly minimize your estate taxes.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Everyone has heard the famous quote from Benjamin Franklin, “In this world, nothing is certain except death and taxes.” Although taxes are often discussed with a financial advisor and CPA, many families don’t consider the tax consequences of their estate plan. Here are the taxes to be aware of…
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We will answer some mailbag questions on this episode of the podcast. We will be discussing when you should confront a power of attorney if you feel they are taking advantage of the situation, if your documents are official without getting them witness and notarized, and the timeframe in which you should file a will.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
On this episode, we’ll talk about various ways to challenge, undo, or override an estate plan. We’ll also discuss the circumstances when this might be appropriate.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
It's a mailbag edition of the show! On this go around, we will be discussing some strategies on passing assets down to multiple children, limitations of beneficiary designations, and if you should leave one person in charge of passing your money along to your heirs.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Many types of accounts allow the owner to designate beneficiaries to receive the account after the owner dies. This can be a quick, easy, and no-cost way to pass on the account after someone dies. However, the ease of setting up beneficiary designations can trap some into assuming their estate plan is “done”. It is one piece of the puzzle, but not the entire puzzle.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
On this episode, we are going to answer some more mailbag questions that have come into the show. We will be discussing a couple questions about the role of a guardian and some considerations you should make when you make this crucial decision.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Picking the right fiduciaries is one of the most important parts of estate planning. After all, you need to decide who will be responsible for taking care of you, your finances, your inheritance, and your children! Once you’ve set your plan up, should you tell the people you have chosen? How much do they need to know? Isn’t some of this private?
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
It's another mailbag edition of the podcast! This time around, we will be discussing if there is a need to create an estate plan when you don't have many assets, where you should start if you don't have children and some basics about beneficiary designations.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
There are a lot of myths out there about who needs (or who doesn’t need) an estate plan. While there are many different types of plans, every legal adult at least needs the five basic documents (outlined in a previous podcast). Here are some examples/reasons why an estate plan can protect your family, regardless of your age, marital status, net worth, or family situation.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
On today's show, we will be answering some listener questions. We will discuss how often you should update your documents if getting documents done by LegalZoom is a smart choice, and when it might be time to get a second opinion.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
With the new surge in DIY legal options, many families wonder if it is appropriate to use one of these services for estate planning. After all, it is much easier to type your credit card into some website from the comfort of your own home after the kids have gone to bed. Why spend all the time, effort, and money to seek out an experienced estate planning expert?
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
We open up the mailbag on today's show to answer some questions that have come in. We talk about if an 18 year old needs an estate plan, when is the appropriate time to list guardians for your children, and some power of attorney considerations.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Every family situation is different. That is why it is best to have your plan customized by an experienced estate planning attorney. However, there are 5 essential documents that everyone needs (regardless of age, income, assets, or family situation).
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
On this episode, we take some time to answer some mailbag questions. We will discuss considerations you should take into account when choosing an executor of your will, how often you should update your estate plan, and a complicated family situation regarding splitting an inheritance in a fair manner.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
A last will and testament and a revocable living trust are the two most common ways for you to state your wishes for your inheritance after you pass away. We'll break down these two documents and how they can each help you plan for your family's future.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/
Welcome to the first episode of the podcast! We kick things off by getting to know Ted Alatsas and his business, what his goals for the podcast are, and much more on today's show.
Contact:718-233-2903
Website: https://www.alatsaslawfirm.com/