Legally Speaking The Podcast with Tom Torr
Attorney Thomas Torr is a founding partner of Cocheco Elder Law Associates, PLLC, and a native of the New Hampshire seacoast area. His practice is dedicated to helping his clients enhance and preserve their wealth, protect their loved ones and legacies, and manage their affairs during times of crisis. Tom’s priority is building strong, long-lasting relationships with his clients to help them achieve their personal, professional, and estate goals. Start protecting your family and legacy today!
Legally Speaking The Podcast with Tom Torr
Estate Planning & Taxes: Best Strategies for Passing Down Property
Understanding capital gains taxes, Medicaid implications, and estate tax considerations is crucial when transferring property to your children. In this episode, we break down the pros and cons of gifting, selling, and using trusts to ensure the best financial outcome. We also discuss why estate planning should start early, ideally by age 50, to secure your legacy and protect your assets. Tune in for expert insights on making the right choice for your family's future.