All Posts by

Richard Yam, J.D.

Rich is senior vice president of trusts & estates, and is based in our New York office.
education transitions

Special Needs Planning – FAQs

Having a comprehensive estate plan in place is important for everyone, regardless of your personal family life, and can cover ...

Wealthspire Advisors discussing vesting schedules at a table with devices

5 Planning Steps to Consider Before Year-End 2022

As summer ends and we look toward the Fall, you should aim to maximize your opportunities to transfer wealth to ...

Incomplete Non-Grantor (ING) Trusts – FAQs

What is an Incomplete Non-Grantor (ING) Trust? An ING trust is a trust you set up in which assets you ...

cliff

Mitigate New York’s Estate Tax Cliff with Smart Estate Planning and Gifting Strategies – 2022 Update

While the large increase in the federal estate tax exemption has provided many with federal estate tax relief, New Yorkers ...

tax law changes

Estate Planning in Light of Current Law: Your Questions and Our Answers – 2022 Update

This post will help you consider estate planning strategies in light of the current federal estate, gift and generation skipping ...

gst tax

Basics of Federal Estate, Gift, and Generation-Skipping Transfer (“GST”) Tax – 2022 Update

The bad news is that there is a federal tax on assets that you give away during life, at death, ...

SLATs

Spousal Lifetime Access Trusts (SLATs): FAQs – 2022 Update

What is a Spousal Lifetime Access Trust (SLAT)? It is a trust that you (the grantor) set up for the ...

new york estate tax cliff

Understanding New York’s Estate Tax “Cliff” – 2022 Update

In 2014, dramatic changes were made to New York’s gift and estate tax law. For many clients, the subject of ...

tax cheat sheet

2022 Federal & State Estate and Gift Tax Cheat Sheet

Here we have provided a “cheat sheet” to keep in mind for 2022 federal estate, gift and GST exemptions, as ...

tax law changes

Tax Proposals: Big Changes to Come

On November 3, the House Rules Committee updated the October 28 revised reconciliation bill for the Build Back Better Act – H.R. ...

trust tax

How Are Trusts Taxed? FAQs

With the tax season fast approaching, you may have questions about how your trust is taxed, who is responsible for ...

CLAT

Charitable Lead Annuity Trusts (CLATs)

What is a Charitable Lead Annuity Trust (CLAT)? A charitable lead annuity trust (“CLAT”) is a type of charitable trust ...