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September 27, 2023

A Continuum in Estate Planning

I have a picture on my desk of my beautiful daughter at age 3 months, taken on one of the proudest days…

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What is Legal Capacity?

Certain legal documents can be extremely helpful, even critical, when dealing with long-term and end-of-life care planning.    However, unless a person…

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Planning with Mortgaged Property

There are special considerations when clients have a mortgage or anticipates the need for a future mortgage.  When dealing with residential mortgages,…

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“Funding” Your Trust

For purposes of this article, assume you have made the smart choice of creating a Trust which is drafted perfectly for your…

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What Happens to Debts on Death?

Hopefully, you realize debts do not just “disappear” on death.  Generally, the deceased person’s debts must be paid out of their remaining…

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April 21, 2018

ARE YOUR DOCUMENTS FOLLOWING THE SAME SCRIPT? BASICS OF BENEFICIARY FORMS AND ESTATE PLANNING

In the event of your untimely death, the manner in which your beneficiaries — or those people who receive your assets from…

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December 10, 2017

THERE’S NEVER A BETTER TIME THAN NOW TO GET YOUR AFFAIRS IN ORDER

The idea of getting your financial and legal house in order is likely the last thing on your mind during the busy…

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July 21, 2017

DO YOU REALLY NEED A WILL?

The short answer to this question is “yes.” Everyone who owns anything should have a will. A will puts you in charge…

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April 21, 2017

3 DECIDEDLY DUMB WAYS TO LEAVE AN INHERITANCE FOR YOUR CHILDREN

Estate planning offers many ways to leave your assets to your children, but it’s just as important to know what not to do. Here…

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December 21, 2015

EARLY PREDICTIONS ABOUT 2016 ESTATE TAX, GIFT TAX, GST TAX AND ANNUAL GIFT TAX LIMITS

Under current law the federal estate tax, gift tax, and generation-skipping transfer tax exemptions have become unified and are indexed for inflation…

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  • Law Office of Kathleen M. Toombs


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    Schenectady, NY 12305
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