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…
$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…
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…
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…
Overview 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,...
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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…
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…
The Committee for a Responsible Federal Budget is an independent, non-profit, and bipartisan organization that scrutinizes federal budgets and fiscal plans. When it examined President Biden’s tax plans, the Committee…
