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𝗪𝗵𝗮𝘁 𝗜𝗳 𝗜 𝗖𝗮𝗻'𝘁/𝗗𝗼𝗻'𝘁 𝗪𝗮𝗻𝘁 𝘁𝗼 𝗗𝗼 𝗜𝘁? So, you've been named as a fiduciary. You're now responsible for making decisions on behalf of someone who is incapacitated or managing an estate after someone has passed away. What if you feel unprepared or unwilling to take on this responsibility? Are you obligated to accept the role? And if you choose to decline, can you be held to account for the actions of the person who takes over for you? Find out here. ---- This video is intended for educational purposes only and does not create an attorney-client relationship. #estateplanning #estateplanninglawyer #estateplanningattorney #yourplanningattorney #estate #estates #estateplan #probate #wills #trusts #generationalwealth #elderlaw #assetprotection #familyprotection #probatehelp #everythingestateplanning #fiduciary #fiduciaryroles #executor #powerofattorney #trustee #zammittilaw 𝘈𝘵𝘵𝘰𝘳𝘯𝘦𝘺 𝘈𝘥𝘷𝘦𝘳𝘵𝘪𝘴𝘪𝘯𝘨

𝗪𝗵𝗮𝘁 𝗜𝗳 𝗜 𝗖𝗮𝗻'𝘁/𝗗𝗼𝗻'𝘁 𝗪𝗮𝗻𝘁 𝘁𝗼 𝗗𝗼 𝗜𝘁? So, you've been named as a fiduciary. You're now responsible for making decisions on behalf of someone who is incapacitated or managing an estate after someone has passed away. What if you feel unprepared or unwilling to take on this responsibility? Are you obligated to accept the role? And if you choose to decline, can you be held to account for the actions of the person who takes over for you? Find out here. ---- This video is intended for educational purposes only and does not create an attorney-client relationship. #estateplanning #estateplanninglawyer #estateplanningattorney #yourplanningattorney #estate #estates #estateplan #probate #wills #trusts #generationalwealth #elderlaw #assetprotection #familyprotection #probatehelp #everythingestateplanning #fiduciary #fiduciaryroles #executor #powerofattorney #trustee #zammittilaw 𝘈𝘵𝘵𝘰𝘳𝘯𝘦𝘺 𝘈𝘥𝘷𝘦𝘳𝘵𝘪𝘴𝘪𝘯𝘨

🌐𝗗𝗶𝗱 𝗬𝗼𝘂 𝗞𝗻𝗼𝘄? Around 26% of children in the US have at least one foreign-born parent. Dealing with the estate of a loved one is hard enough, but when assets span multiple states—or even countries—the challenges multiply. Here are few things you can do now: 🤔 𝗣𝗿𝗼𝗮𝗰𝘁𝗶𝘃𝗲 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 • Consolidate assets where possible • Use trusts to bypass probate for certain assets. • Consult with experts (legal and financial) to avoid delays and ensure compliance. • Maintain Clear Records • Review and update estate plans regularly • Appoint a reliable executor/trustee 💪 𝗞𝗲𝘆 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝘁𝗼 𝗔𝗻𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗲 • Tax Implications: both domestic and international • Varying State Laws: May require ancillary probate • Foreign Assets Challenges: language barriers, currency exchange, and differing legal systems. ❄️ Good Vibes to You. Please 𝗦𝗛𝗔𝗥𝗘 it 𝘧𝘰𝘳𝘸𝘢𝘳𝘥! ❄️ Important: These good vibes are intended for educational purposes only and do not create an attorney-client relationship. #ZammittiLaw #PositiveVibes #EstatePlanning #FreeConsultation #Probate #AvoidProbate #EstatePlanningAttorney #EstatePlanningLawyer #EverythingEstatePlanninng #GlobalPlanning #AncillaryProbate #ForeignProbate (𝘢𝘵𝘵𝘰𝘳𝘯𝘦𝘺 𝘢𝘥𝘷𝘦𝘳𝘵𝘪𝘴𝘪𝘯𝘨)

🌐𝗗𝗶𝗱 𝗬𝗼𝘂 𝗞𝗻𝗼𝘄? Around 26% of children in the US have at least one foreign-born parent. Dealing with the estate of a loved one is hard enough, but when assets span multiple states—or even countries—the challenges multiply. Here are few things you can do now: 🤔 𝗣𝗿𝗼𝗮𝗰𝘁𝗶𝘃𝗲 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 • Consolidate assets where possible • Use trusts to bypass probate for certain assets. • Consult with experts (legal and financial) to avoid delays and ensure compliance. • Maintain Clear Records • Review and update estate plans regularly • Appoint a reliable executor/trustee 💪 𝗞𝗲𝘆 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝘁𝗼 𝗔𝗻𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗲 • Tax Implications: both domestic and international • Varying State Laws: May require ancillary probate • Foreign Assets Challenges: language barriers, currency exchange, and differing legal systems. ❄️ Good Vibes to You. Please 𝗦𝗛𝗔𝗥𝗘 it 𝘧𝘰𝘳𝘸𝘢𝘳𝘥! ❄️ Important: These good vibes are intended for educational purposes only and do not create an attorney-client relationship. #ZammittiLaw #PositiveVibes #EstatePlanning #FreeConsultation #Probate #AvoidProbate #EstatePlanningAttorney #EstatePlanningLawyer #EverythingEstatePlanninng #GlobalPlanning #AncillaryProbate #ForeignProbate (𝘢𝘵𝘵𝘰𝘳𝘯𝘦𝘺 𝘢𝘥𝘷𝘦𝘳𝘵𝘪𝘴𝘪𝘯𝘨)

⭐Mind Your Business Monday ⭐ Please meet our powerhouse team! The heart and soul of Zammitti Law, PLLC. Investing in the right team ensures long-term success and a thriving work environment. And remember, you can teach skills. Each team member should arrive with their own integrity, strength of character and professionalism. When hiring a team, look for: 🔸Shared Values 🔸Good Communicators 🔸Solid Work Ethic 🔸Diverse Skills Teams are not necessarily just employees. They also include mentors, community programs, networking partners and more. Surround yourself with good people and good things tend to happen! If you try any of these ideas, and they work, please share! If you are doing something that's working, please share! If you know someone who could use this information, please 𝗦𝗛𝗔𝗥𝗘 it 𝘧𝘰𝘳𝘸𝘢𝘳𝘥! Important: These good vibes are intended for educational purposes only and do not create an attorney-client relationship. #ZammittiLaw #PositiveVibes #EstatePlanning #FreeConsultation #EstatePlanningLawyer #EverythingEstatePlanning #SmallBusinessOwner #SmallBusinessSolutions #SupportSmallBusiness #B2B #B2BSupport 𝘢𝘵𝘵𝘰𝘳𝘯𝘦𝘺 𝘢𝘥𝘷𝘦𝘳𝘵𝘪𝘴𝘪𝘯𝘨

⭐Mind Your Business Monday ⭐ Please meet our powerhouse team! The heart and soul of Zammitti Law, PLLC. Investing in the right team ensures long-term success and a thriving work environment. And remember, you can teach skills. Each team member should arrive with their own integrity, strength of character and professionalism. When hiring a team, look for: 🔸Shared Values 🔸Good Communicators 🔸Solid Work Ethic 🔸Diverse Skills Teams are not necessarily just employees. They also include mentors, community programs, networking partners and more. Surround yourself with good people and good things tend to happen! If you try any of these ideas, and they work, please share! If you are doing something that's working, please share! If you know someone who could use this information, please 𝗦𝗛𝗔𝗥𝗘 it 𝘧𝘰𝘳𝘸𝘢𝘳𝘥! Important: These good vibes are intended for educational purposes only and do not create an attorney-client relationship. #ZammittiLaw #PositiveVibes #EstatePlanning #FreeConsultation #EstatePlanningLawyer #EverythingEstatePlanning #SmallBusinessOwner #SmallBusinessSolutions #SupportSmallBusiness #B2B #B2BSupport 𝘢𝘵𝘵𝘰𝘳𝘯𝘦𝘺 𝘢𝘥𝘷𝘦𝘳𝘵𝘪𝘴𝘪𝘯𝘨

⭐ATTN: NY PROPERTY OWNERS⭐ There's a new law in NYS that allows property owners to designate a beneficiary to directly inherit their property upon their death. It's called a 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿 𝗼𝗻 𝗗𝗲𝗮𝘁𝗵 𝗗𝗲𝗲𝗱, and though it may seem like a simple solution, it is 𝗻𝗼𝘁 𝗼𝗻𝗲-𝘀𝗶𝘇𝗲-𝗳𝗶𝘁𝘀-𝗮𝗹𝗹. They work best for straightforward estate plans and individuals with uncomplicated family situations. Of course, everyone thinks their estate plan is simple. So, here are just a few things that may take a TOD Deed off the table: 🔸Multiple or minor beneficiaries 🔸Multiple property owners 🔸Long term care needs 🔸Asset protection concerns 🔸Special needs/government benefits 🔸Potential creditor claims While this new law will be a useful tool for some NY property owners, it's crucial to consult with a legal professional to understand if & how a TOD deed fits into your personal estate planning needs. If it helps, we offer 👉FREE Consultations. (See Link in Bio)👈 𝘐𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵: 𝘛𝘩𝘪𝘴 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘪𝘴 𝘪𝘯𝘵𝘦𝘯𝘥𝘦𝘥 𝘧𝘰𝘳 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺 𝘢𝘯𝘥 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘤𝘳𝘦𝘢𝘵𝘦 𝘢𝘯 𝘢𝘵𝘵𝘰𝘳𝘯𝘦𝘺-𝘤𝘭𝘪𝘦𝘯𝘵 𝘳𝘦𝘭𝘢𝘵𝘪𝘰𝘯𝘴𝘩𝘪𝘱. #ZammittiLaw #PositiveVibes #EstatePlanning #FreeConsultation #Probate #AvoidProbate #EstatePlanningAttorney #EstatePlanningLawyer #EverythingEstatePlanninng #TOD #NYHomeowners #PropertyinNY 𝘢𝘵𝘵𝘰𝘳𝘯𝘦𝘺 𝘢𝘥𝘷𝘦𝘳𝘵𝘪𝘴𝘪𝘯𝘨

⭐ATTN: NY PROPERTY OWNERS⭐ There's a new law in NYS that allows property owners to designate a beneficiary to directly inherit their property upon their death. It's called a 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿 𝗼𝗻 𝗗𝗲𝗮𝘁𝗵 𝗗𝗲𝗲𝗱, and though it may seem like a simple solution, it is 𝗻𝗼𝘁 𝗼𝗻𝗲-𝘀𝗶𝘇𝗲-𝗳𝗶𝘁𝘀-𝗮𝗹𝗹. They work best for straightforward estate plans and individuals with uncomplicated family situations. Of course, everyone thinks their estate plan is simple. So, here are just a few things that may take a TOD Deed off the table: 🔸Multiple or minor beneficiaries 🔸Multiple property owners 🔸Long term care needs 🔸Asset protection concerns 🔸Special needs/government benefits 🔸Potential creditor claims While this new law will be a useful tool for some NY property owners, it's crucial to consult with a legal professional to understand if & how a TOD deed fits into your personal estate planning needs. If it helps, we offer 👉FREE Consultations. (See Link in Bio)👈 𝘐𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵: 𝘛𝘩𝘪𝘴 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘪𝘴 𝘪𝘯𝘵𝘦𝘯𝘥𝘦𝘥 𝘧𝘰𝘳 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺 𝘢𝘯𝘥 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘤𝘳𝘦𝘢𝘵𝘦 𝘢𝘯 𝘢𝘵𝘵𝘰𝘳𝘯𝘦𝘺-𝘤𝘭𝘪𝘦𝘯𝘵 𝘳𝘦𝘭𝘢𝘵𝘪𝘰𝘯𝘴𝘩𝘪𝘱. #ZammittiLaw #PositiveVibes #EstatePlanning #FreeConsultation #Probate #AvoidProbate #EstatePlanningAttorney #EstatePlanningLawyer #EverythingEstatePlanninng #TOD #NYHomeowners #PropertyinNY 𝘢𝘵𝘵𝘰𝘳𝘯𝘦𝘺 𝘢𝘥𝘷𝘦𝘳𝘵𝘪𝘴𝘪𝘯𝘨

$𝟭𝟯.𝟲 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 ➡️ $𝟳 𝗠𝗶𝗹𝗹𝗶𝗼𝗻-ish! This is how much the 𝗲𝘀𝘁𝗮𝘁𝗲 𝘁𝗮𝘅 𝗲𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻 is currently 𝘀𝗲𝘁 𝘁𝗼 𝗯𝗲 𝗿𝗲𝗱𝘂𝗰𝗲𝗱 to 𝗮𝘁 𝘁𝗵𝗲 𝗲𝗻𝗱 𝗼𝗳 𝟮𝟬𝟮𝟱. Here are a few 𝘵𝘩𝘪𝘯𝘨𝘴 𝘺𝘰𝘶 𝘤𝘢𝘯 𝘥𝘰 𝘯𝘰𝘸 to minimize the tax burden. 👉𝗘𝘀𝘁𝗮𝘁𝗲 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴: 🔹𝗨𝘁𝗶𝗹𝗶𝘇𝗲 𝘁𝗵𝗲 𝗖𝘂𝗿𝗿𝗲𝗻𝘁 𝗘𝘀𝘁𝗮𝘁𝗲 𝗧𝗮𝘅 𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻. Before the potential reduction in 2025, consider gifting assets to take advantage of the higher exemption. 🔹𝗘𝘀𝘁𝗮𝗯𝗹𝗶𝘀𝗵 𝗧𝗿𝘂𝘀𝘁𝘀. Create various trusts, such as a Spousal Lifetime Access Trust (we'll talk more about how these work in another newsletter), to protect assets from estate taxes while retaining some control and access. 👉𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅𝗲𝘀: 🔹𝗥𝗼𝘁𝗵 𝗖𝗼𝗻𝘃𝗲𝗿𝘀𝗶𝗼𝗻𝘀. Convert traditional IRA accounts to Roth IRAs to lock in current low tax rates, potentially reducing future tax burdens on your heirs. 🔹𝗥𝗲𝘃𝗶𝗲𝘄 𝗕𝗲𝗻𝗲𝗳𝗶𝗰𝗶𝗮𝗿𝘆 𝗗𝗲𝘀𝗶𝗴𝗻𝗮𝘁𝗶𝗼𝗻𝘀. Ensure all beneficiary designations on retirement accounts, life insurance policies, and other financial instruments are up to date to avoid unnecessary taxes and probate. 👉𝗕𝗼𝘁𝗵 𝗘𝘀𝘁𝗮𝘁𝗲 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 & 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅𝗲𝘀: 🔹𝗖𝗵𝗮𝗿𝗶𝘁𝗮𝗯𝗹𝗲 𝗚𝗶𝘃𝗶𝗻𝗴. Make charitable donations to reduce taxable income and possibly lower estate taxes. Important: These good vibes are intended for educational purposes only and do not create an attorney-client relationship. #ZammittiLaw #EstatePlanning #Probate #AvoidProbate #EstatePlanningAttorney #EstatePlanningLawyer #EverythingEstatePlanninng #TCJA 𝘢𝘵𝘵𝘰𝘳𝘯𝘦𝘺 𝘢𝘥𝘷𝘦𝘳𝘵𝘪𝘴𝘪𝘯𝘨

$𝟭𝟯.𝟲 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 ➡️ $𝟳 𝗠𝗶𝗹𝗹𝗶𝗼𝗻-ish! This is how much the 𝗲𝘀𝘁𝗮𝘁𝗲 𝘁𝗮𝘅 𝗲𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻 is currently 𝘀𝗲𝘁 𝘁𝗼 𝗯𝗲 𝗿𝗲𝗱𝘂𝗰𝗲𝗱 to 𝗮𝘁 𝘁𝗵𝗲 𝗲𝗻𝗱 𝗼𝗳 𝟮𝟬𝟮𝟱. Here are a few 𝘵𝘩𝘪𝘯𝘨𝘴 𝘺𝘰𝘶 𝘤𝘢𝘯 𝘥𝘰 𝘯𝘰𝘸 to minimize the tax burden. 👉𝗘𝘀𝘁𝗮𝘁𝗲 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴: 🔹𝗨𝘁𝗶𝗹𝗶𝘇𝗲 𝘁𝗵𝗲 𝗖𝘂𝗿𝗿𝗲𝗻𝘁 𝗘𝘀𝘁𝗮𝘁𝗲 𝗧𝗮𝘅 𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻. Before the potential reduction in 2025, consider gifting assets to take advantage of the higher exemption. 🔹𝗘𝘀𝘁𝗮𝗯𝗹𝗶𝘀𝗵 𝗧𝗿𝘂𝘀𝘁𝘀. Create various trusts, such as a Spousal Lifetime Access Trust (we'll talk more about how these work in another newsletter), to protect assets from estate taxes while retaining some control and access. 👉𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅𝗲𝘀: 🔹𝗥𝗼𝘁𝗵 𝗖𝗼𝗻𝘃𝗲𝗿𝘀𝗶𝗼𝗻𝘀. Convert traditional IRA accounts to Roth IRAs to lock in current low tax rates, potentially reducing future tax burdens on your heirs. 🔹𝗥𝗲𝘃𝗶𝗲𝘄 𝗕𝗲𝗻𝗲𝗳𝗶𝗰𝗶𝗮𝗿𝘆 𝗗𝗲𝘀𝗶𝗴𝗻𝗮𝘁𝗶𝗼𝗻𝘀. Ensure all beneficiary designations on retirement accounts, life insurance policies, and other financial instruments are up to date to avoid unnecessary taxes and probate. 👉𝗕𝗼𝘁𝗵 𝗘𝘀𝘁𝗮𝘁𝗲 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 & 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅𝗲𝘀: 🔹𝗖𝗵𝗮𝗿𝗶𝘁𝗮𝗯𝗹𝗲 𝗚𝗶𝘃𝗶𝗻𝗴. Make charitable donations to reduce taxable income and possibly lower estate taxes. Important: These good vibes are intended for educational purposes only and do not create an attorney-client relationship. #ZammittiLaw #EstatePlanning #Probate #AvoidProbate #EstatePlanningAttorney #EstatePlanningLawyer #EverythingEstatePlanninng #TCJA 𝘢𝘵𝘵𝘰𝘳𝘯𝘦𝘺 𝘢𝘥𝘷𝘦𝘳𝘵𝘪𝘴𝘪𝘯𝘨

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