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View Blog Archives Creating Ease of Access For Your Life Online With technology literally being at our fingertips, we have integrated our digital presence with our physical.  More likely than not, you have created an account online, have a profile online, or even do all your investing or money management online.   While access to our online lives is convenient now, we may not think about the inability for someone else to access our digital information when we are no longer in control, due to disability or death.  Creating a means for someone else to have access to these accounts when you are unable creates ease of administration.  What most do not realize is that even though someone is named as your Trustee/Executor or as an agent under your Power of Attorney, it does not allow them immediate access to your accounts.  If the accounts are not properly named, there is no ability to log-in, or if there is no direction to allow someone else access to the accounts, your accounts could take months or years to finally gain access, if ever.    Glick and Trostin, LLC has some advice to help avoid these problems.  Mediums used to access these accounts  Internet Service Providers Personal Websites or Web hosting Email accounts Blogs/Vlogs Any storage mediums (DropBox, private servers, Cloud Systems) Social Networks Online subscriptions Websites that deal with financials (Banking, Utilities, Brokerage accounts, Notes) Software applications Cellphones (Personal and Business) Record your usernames and passwords, access codes or patterns, or any other unique means of access in a private document, on your computer or somewhere safe.  In your estate planning documents (POAs, Wills, or Trusts), make mention of these accounts and direct what actions should be taken by your named party for those accounts. Do not put any login information in your Will as it is a public document Add a provision that will allow access to these accounts if for some reason the document is lost or is not accessible.     Proper planning and keeping information updated removes ambiguities and ensures your plans are implemented per your wishes with as few roadblocks as possible.  Simple updates will reduce any waste of time, and save costs as issues like this can create more fees in the future.    If you have any questions about how to leave your trusted family and advisors access to your digital life, or any other potential issues with your estate plan, please feel free to contact TKE-Law at 224-529-0500.    Disclaimer: The materials on this website are provided for informational purposes only and do not constitute legal advice.  Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship between any attorney and any other person, group, or entity. No representations or warranties whatsoever, express or implied are given as to the accuracy or applicability of the information contained herein.  No one should rely upon the information contained herein as constituting legal advice.  The information may be modified or rendered incorrect by future legislative or judicial developments and may not be applicable to any individual reader’s facts and circumstances.  

Everyone can Now Take a Charitable Deduction on Their Taxes   Since the last tax law was passed at the end of 2017, nearly nine in 10 taxpayers now take the standard deduction on their income tax return and are no longer able to claim a charitable deduction for donations made to qualifying charities.  Now, under the CARES Act and the Taxpayer Certainty and Disaster Tax Relief Act of 2020, individuals who take the standard deduction can now claim a deduction of up to $300 for cash contributions made to qualified charities in 2021.  Married couples can deduct up to $600.   Therefore, as you begin to put together your tax documents to file your 2021 tax return, double check your charitable contributions for the year as you may be eligible for an additional tax deduction when you file.  If you have any questions about tax and estate planning, please feel free to contact  TKE Law at 224-529-0500. Disclaimer: The materials on this website are provided for informational purposes only and do not constitute legal advice.  Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship between any attorney and any other person, group, or entity. No representations or warranties whatsoever, express or implied are given as to the accuracy or applicability of the information contained herein.  No one should rely upon the information contained herein as constituting legal advice.  The information may be modified or rendered incorrect by future legislative or judicial developments and may not be applicable to any individual reader’s facts and circumstances.

Thank you for calling Trostin, Kantor & Esposito LLC If you know your party’s extension you may enter it at any time during this message please dial 110 for Myron Cantor 111 for Jennifer Esposito 122 for Cyndi Trostin Dial 8 for our office directory Dial 0 or remain on the line to be transferred to our Main office Thank you for calling Office Directory Myron Kantor 110 Jennifer Esposito 111 Misty L. Calhoun 112 Conference Room 114 Joan Labak 121 Cyndi Trostin 122 Bryan Pitts 123 Leonard Brenner 124 Jordan Melvin 125 Andrea Winters 126 Gavin De Castro 127