Martin M. Shenkman, CPA, JD

Martin M. Shenkman, CPA, JD, an estate and tax-planning attorney based in New York City and Fort Lee, New Jersey. He is coauthor of Powers of Attorney: The Essential Guide to Protecting Your Family’s Wealth. ShenkmanLaw.com

Family Finances

Surviving Spouses Get Tax Break from IRS

Under a new IRS rule, if one spouse died in 2011 or later, the surviving spouse has until January 2,…

Estate Planning

Make Sure Your Power Of Attorney Actually Works

A power of attorney (POA) can be a tremendously valuable tool when a person needs to designate someone to act on…

Estate Planning

Make Sure Your Power of Attorney Actually Works

A power of attorney (POA) can be a tremendously valuable tool when a person needs to designate someone to act on…

Executors

Questions to Ask a Friend or Family Member You Want As Your Executor or Trustee

Here’s what to ask a family member or friend before naming that person executor of your estate or trustee of…

Estate Planning

Questions to Ask When Choosing an Estate Planner

Ask these questions when you interview candidates to be your estate-planning attorney… * What’s your standard estate plan? This is…

Beneficiaries

The IRS Will Rob Your Heirs Unless You Do This

Don’t make the common mistake of neglecting tax planning for your estate just because it’s unlikely that the estate will…

Wills

A Will Only Helps When You’re Dead

Here's How to Protect Your Assets While You're Alive Many people spend lots of time carefully crafting their wills so…

Estate Taxes

The New Inheritance Rules Are Tricky

Important steps to take now For most people, the federal estate tax became a thing of the past at the…

Estate Taxes

All About Death & Taxes Beyond Estate Taxes

Ben Franklin said that nothing is certain, except death and taxes -- and in this day and age, death and…

Estate Planning

Has the Market Crash Ruined Your Estate Plan?

How to fix it... If your portfolio took a pounding in 2008, your estate plan probably needs some attention. You…

Estate Planning

New Gift Tax Rules Can Save You Big

Traditionally, taxpayers with big estates have made large gifts to family members to reduce the eventual tax on their estates.…

Legal

How to Fight for Your Inheritance When a Will Seems Unfair

A woman expects to inherit her widowed mother’s estate…but the bulk of it passes to her mother’s boyfriend instead. A…

Entrepreneurs & Small Businesses

Is Your Business Renting Space?

How to maximize deductions When your business rents space, you’ll probably have to prepare that space for your use. It…

Estate Planning

Estate Planning Time Bombs

When reviewing your estate plan, watch out for common traps that can ruin your legacy… Trap: Lost or obsolete beneficiary…