Many Americans receive a quality education as they grow up, but many people get left in the dust. Even those that receive a decent education and learn the details of numerous subjects are often left to fend for themselves or learn from their parents about estate...
Month: June 2020
5 reasons not to postpone planning your estate
If we have learned anything this year, it is that life can be unpredictable. We never know what is around the corner. If something happened to you today, would your family know your wishes and agree on how to carry them out? You may think they would, but too often,...
Deductions permitted for estates and trusts
The IRS has determined that estates and nongrantor trusts in New York and around the country are now able to deduct certain expenses that are no longer considered miscellaneous deductions. Regulations have been released that offer clarity on the new rules and...
The power of a health care proxy
A health care proxy can wield a significant amount of power. They are important figures in your estate plan, so it’s important to understand their duties before you appoint one. What decisions can health care proxies make? A health care proxy will make just about any...
Which way of transferring real estate will work for your estate?
For many people living in New York, their real estate holdings will be their most substantial assets. There are many considerations when dealing with a home as part of your estate plan, and it's important to really look at your family's circumstances before you make a...