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Davidov Law Group, P.C.
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Firm News for Davidov Law Group, P.C.
We Dodged the Fiscal Cliff – How the New Tax Bill Affects You
Posted On 1/7/2013
In case you haven’t heard, the New Year brought a new law recently signed by the President. To avoid the country from falling off the “fiscal cliff,” the “American Taxpayer Relief Act” was approved on New Year’s Day.
The Estate Tax Ball is About to Drop!
Posted On 12/20/2012
There are only a few days left before the clock strikes midnight on December 31st and the tax law changes. Or will it?How the New Estate Tax Exclusion Affects Your Estate Plan
Posted On 12/28/2010
On December 17th, Congress revised the estate tax with a new law, TRA 2010, that sets the exclusion amount at $5 million per person for 2010 – 2012. However, this temporary adjustment to the estate tax exclusion disappears in 2013, and returns with an exclusion of $1 million per person. Read more about how the estate tax revision under TRA 2010 will affect your estate plan, regardless of whether you have a taxable estate.
How the New Estate Tax Exclusion Affects Your Estate Plan
Posted On 12/28/2010
On December 17th, Congress revised the estate tax with a new law, TRA 2010, that sets the exclusion amount at $5 million per person for 2010 – 2012. However, this temporary adjustment to the estate tax exclusion disappears in 2013, and returns with an exclusion of $1 million per person. Read more about how the estate tax revision under TRA 2010 will affect your estate plan, regardless of whether you have a taxable estate.
Estate Planning for Lottery Winners: What You Need To Know
Posted On 2/25/2010
This article addresses some of the estate planning and tax issues associated with winning a lottery. The article provides several estate planning strategies and tips for lottery winners that may increase the likelihood that their luck will not trigger complications for surviving family members and friends.
Attorney Michael Davidov Represents Mega Million’s $133M Queens Lottery Winner
Posted On 7/28/2009
New York Lottery's second largest single winner retains attorney Michael Davidov as his trusts & estates attorney.
Michael Jackson's Death - Why YOU Need Your Estate Planning Documents in Order
Posted On 6/29/2009
The sudden death of Michael Jackson serves as a reminder to everyone that, no matter your age, you need to have your estate planning in order. The pop superstar died on Thursday, June 25th at 50 years old. The media is speculating as to how his estate will be handled and the future of his young children. No public statement has been made in regard to his personal planning and the media and the nation will wait anxiously to see how this unfolds. If Michael Jackson prepared a Trust the public will most likely never know the details as it will be held private, however, if he had a Will it becomes part of public record. In the state of California, a Will needs to be presented within 30 days. Jackson's assets, royalties and the amount of debt he had accumulated most likely will lead to lengthy battles over his estate.
Consumer Reports Recommends American Academy
Posted On 1/29/2009
The American Academy of Estate Planning Attorneys was recommended in the January 2009 Consumer Reports Money Adviser newsletter. The article “How to Avoid Inheritance Feuds” focuses on techniques for avoiding conflict after a loved one passes away.
Attorney Michael Davidov Completes Extensive IRA Training
Posted On 2/7/2007
Estate Planning Attorney, Michael Davidov, recently completed in-depth training on planning with IRAs at an educational conference in Las Vegas. The instructor is the nationally known IRA expert, Ed Slott. Mr. Slott is the author of the widely acclaimed book, “The Retirement Savings Bomb…and How to Defuse It.” He has lectured extensively for years to financial professionals across the country on the complex IRA rules and how to properly plan to preserve and then transfer IRAs to family members.
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