The Inflation Reduction Act was signed into law in August 2022. The Act was promoted as an effort to slow inflation, which is to be seen. However, the Act will…
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Irrevocable trusts are beneficial legal tools for preserving and distributing an estate. They can help reduce tax liability, make access to government benefits possible, provide financial support for a child…
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Most companies operate as pass-through entities. Under a pass-through entity structure, tax authorities don't tax the owner's earnings at the business level. Instead, owners and shareholders pay the taxes at…
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One of the biggest misconceptions surrounding living trusts is that only wealthy people need a living trust. However, a living trust is an estate planning tool that can benefit many…
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Most workers attend to their federal income taxes once a year, when tax returns are due on or about April 15. For regular employees, the payment of taxes is made…
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$12,060,000 per person. That's the Federal Estate and Gift Tax Exemption for 2022, and you have until 2025 to take advantage of it. In three years, the exemption will drop…
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As we wrap up 2021, it’s important to take a closer look at your tax and financial plans. This year likely brought challenges and disruptions that significantly impacted your personal…
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Don't leave your heirs up in the air — let an experienced estate planning attorney protect your final wishes. A Last Will and Testament is an essential document that covers…
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Planning for what happens after you die might not be the most pleasant of tasks. However, it's undoubtedly among the most important. Without an estate plan in place, those you…
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New York State enacted changes to its power of attorney law on December 15, 2020. This bill was signed into law by Governor Cuomo, taking effect on June 13, 2021.…
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