Blog – “Altman Speaks”

Preventing Elder Financial Exploitation


Victims of elder financial abuse lose $2.6 billion every year, according to published reports. One out of every 20 elderly individuals have admitted to being victimized through financial exploitation. However, statisticians estimate that this number may be even higher since it is believed that only one out of every 44 cases actually reports the financial […]

Don’t Wait Too Long for Business Succession Planning


In August 2016, the United States Treasury Department proposed new regulations that would limit the use of valuation discounting. This is a common planning technique that has assisted individuals in executing wealth transfers for years. The premise is that a person can transfer an interest in a family-owned business at a discount so that the […]

The Third Richest Man in the World Believes in Regular Estate Planning


With a net worth of roughly $70 billion dollars, Warren Buffet has very strong opinions about what he wants to happen with his fortune after he’s gone. It’s widely known that he intends to bequeath the majority of his wealth to charity, namely the Bill & Melinda Gates Foundation.  (In fact, he’s already gifted billions of dollars worth of Berkshire Hathaway stock […]

What Is the Difference between Asset Protection and Estate Planning?


Virginia residents who would like to protect their property often use two different channels to accomplish this goal: asset protection and estate planning. Asset protection seeks to find ways to protect assets in a proactive manner while estate planning is more focused on how assets are treated after a person’s demise. Asset protection strategies seek […]

Post-Election Blues? Don’t Leave Before Considering the Tax Consequences!


In every presidential election cycle, citizens who fear the direction the country is going begin researching the steps to move to another country.  This election in particular, many people (including celebrities like Whoopi Goldberg, Amy Schumer, John Stewart and more), publicly vowed to leave the country if their candidate lost. Adding fuel to the expatriate fire, […]

In Honor of Veterans Day


Today, and every day, we are grateful for the millions of men and women who have bravely served in our armed forces.  We have a tradition of laying wreaths at Arlington Cemetery in honor of those veterans who are no longer with us.  Our freedom is a daily reminder of their sacrifice and something we do […]

Local Estate Planning Law Firm, Altman & Associates, Turns 20!


The Rockville-based estate planning law firm, Altman & Associates, is celebrating its 20th year in business – assisting families, individuals and businesses throughout the DC Metropolitan Area on the full spectrum of estate law matters. (To put that into perspective, in 1996, a gallon of gas was $1.22, Americans spent fewer than 30 minutes per month online, and the […]

Clinton vs. Trump: Comparing Their Estate Tax Policies


Monday night’s debate between Hillary Clinton and Donald Trump showcased just a handful of the extreme policy differences between the two candidates.  Of course, as estate planners, we are obviously keeping an eye on the candidates’ positions as it pertains to taxes, especially the estate tax.  Here is the latest information we could find on their positions on […]

Buying a Will is Not like Buying a Toaster


I often get this asked this question:  “My wife and I need Wills and other documents.  How much does it cost and can you draft them quickly so we can just come in and sign?” Part of my job is to explain to clients that estate planning is not a product. Buying estate planning is […]