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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Summer vacation is a busy time for the family — the prospect of sun, sea, and sand is enough to excite anyone. In between booking hotels and packing luggage, it…
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Estate planning is the process of determining how your assets will be distributed after you die. It's not a fun task, but it is essential. Without a will, your estate…
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Everyone has an estate, and all of your property, both physical and intellectual, forms that estate. You don't have to be rich or have a certain amount of assets to…
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A trust is a legally created fiduciary arrangement designed for the security, growth, and division of assets. There are three distinct roles in a trust, with countless combinations of trust…
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Major tax reform legislation was signed into law late last year that impacts not only the federal income tax but also other taxes potentially affecting your estate plan (such as…
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What Is The Difference Between The Taxable Estate vs. The Probate Estate? The taxable estate is an estate tax concept. It includes the decedent’s interest in every type of property…
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The gift tax is also a component of the federal transfer tax system and is a tax imposed on transfers (i.e., gifts) of property during life, either given outright or…
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The estate tax is one component of the federal transfer tax system, which also includes the gift tax and the generation-skipping transfer tax. The estate tax is a tax imposed…
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