Estate Tax Proposal 2021
On September 21, 2021, the House Ways and Means Committee (the “House”) released a comprehensive draft of the proposed statutory tax language (the “House Proposal”), …
Estate Tax
At risk for estate tax? Work with experienced attorney to minimize liability
Estate planning can have different goals for different people in different circumstances. One goal that should always be factored into estate planning, though, is estate …
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When a loved one dies, who bears the responsibility for his or her debts?
Based on figures obtained from several reputable banking and financial sources, the average credit card holder has nearly $8,000 in revolving debt, while those individuals …
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Don’t let an inheritance windfall be your downfall
According to Investment News, during the next three decades, baby boomers will pass along an estimated $30 trillion in wealth to their heirs, via inheritance. …
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The many benefits of incorporating charitable donations into an estate plan
We often hear about philanthropy endeavors and sizable charitable donations of billionaires like Bill Gates, Warren Buffet and Mark Zuckerberg. While there’s no diminishing the …
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Many high-net individuals do not have estate administration plans
Estate plans are for people of all income levels. However, it is particularly important for high-net-worth people to make estate administration plans in New York. …
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Using an irrevocable life insurance trust to avoid estate taxes
The word success means different things to different people. For many, attaining a certain level of financial independence and freedom that allows one to live …
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