RAPHAN LAW
      PARTNERS, LLP
 • BLOG •

Maybe your family and relationships with people named in your will have changed over the years. Maybe your favorite niece isn’t your favorite anymore, and you no longer want to leave her your jewelry. Maybe your assets have grown substantially and you want a favorite charity to benefit. Or a second marriage has brought loving and wonderful new people into your life.

If you are age 65 or older, there is a new federal tax break worth understanding. As part of the “Big Beautiful Tax Bill,” recent tax legislation introduced an extra $6,000 deduction for seniors. This is a real, meaningful reduction in taxable income for many people, but it comes with limits.

One main difference between a Will and a Trust is that a Will goes into effect only after you die, while a Trust takes effect as soon as you create it. A Will is a document that directs who will receive your assets, possessions, and property at your death, and it appoints a legal representative to carry out your wishes.

Most people want to pass their assets to their children or grandchildren, but naming a minor as beneficiary can have consequences...

Did you choose the right executor? Or have you burdened an unqualified or unwilling relative and put your Will at risk to be contested?

You'll be amazed how AI can use your child's voice to scam you out of money. Use caution when answering your phone this holiday season.

Estate planning isn't just for the wealthy or elderly—it's a crucial step for anyone who wants to protect their loved ones and assets.

Elder Law encompasses a wide range of legal matters that will affect us all as we age. Attorneys who practice Elder Law advocate for seniors

Who gets your jewelry? We don’t know. Nor will you. Because in the State of New York, if you don't have a Will, your assets and...