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March 2019 Archives

Effective methods of reducing estate tax

They say that there are two certainties in life: death and taxes, and regrettably, Rhode Island residents cannot avoid either one. There are, however, some efforts you can make while you are still alive to reduce the amount of your estate that your loved ones will ultimately lose to taxes. At the Law Offices of James T. Marasco, we are well-versed in the most effective methods of reducing estate tax, and we have helped many people with similar goals accomplish this and other estate planning objectives.

What red flags should I look for when buying a home?

When buying a home in Rhode Island, it’s important to do your research to ensure you're getting what you expect. Even if a property looks great, there could be lurking repair issues or lawsuits connected to the home. Forbes explains the following home buying red flags and how you can determine a property’s true value.

Rhode Island's rules for intestate succession

Estate planning is not something that sits at the forefront of most Rhode Island residents' minds (nor those of most adults in the U.S., for that matter). Indeed, according to information shared by the American Association of Retired Persons, more than 60 percent of American adults do not have a will. This is the case despite estate planning experts advising all adults that they create such documents early on in their lives. The main motivation behind seeing to one's estate planning is control. Without a will in place, one forfeits the opportunity to dictate who will receive the assets that they have spent a lifetime accumulating. 

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