New York's estate tax scheme has remained the same for years, but that has just changed dramatically. The newly enacted state budget includes changes to estate and gift taxes that are designed to allow New York to "catch up" to the federal estate tax regime. US...
The Pew Research Center reports that about 87% of adults in the United States are using the Internet and, as such, they are accumulating a vast amount of digital assets. Digital assets could include information, photos, notes and other data stored on social networking...
Estate planning includes a number of complex issues and documents such as wills and trusts and assets and debts. Keeping up with all the rules and trends related to estate planning can be difficult to do, which is one reason to seek professional advice about such...
Estate planning, in the early stages, can be daunting, especially if you have assets that need to be divided among several loved ones. Even if you don't have a lot of money, you still need an estate plan. The truth is that if you own a home or have any real or...
A man witnessed the mess that was made when his girlfriend's parents did not leave behind the proper paperwork when they passed away. Everything having to do with their finances was incredibly complicated and difficult to figure out. He went to his own parents after...
Chances are you've probably heard late musician Lou Reed song urging listeners to, "take a walk on the wild side", but you probably didn't know that the singer and guitarist died having an estate worth over $30 million. Now, thanks to a pair of writers who chronicle...
As more equality has been achieved in New York and across the United States, the role that women play in estate planning has also shifted. While men used to bring in the majority of the wealth in a marriage, that has been changing, and studies show that just over half...
Sometimes, receiving an inheritance is not as easy and straightforward as it appears. Estate taxes, both state and federal can undermine the intentions behind wills and leave beneficiaries with much smaller inheritances than they thought they would receive. Also,...
A new survey that was just conducted shows that many Americans, in Rochester and elsewhere, do not have nearly the amount of money that it would take them to pay for a nursing home. In fact, the studied showed that a full 40 percent have not yet put anything in their...
Estate planning can bring a sense of peace to a situation that can be emotionally upsetting to you and your loved ones. Making sure that your finances are taken care of so that if something should happen, it can provide both you and your family a firm foundation for...
