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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 ...

account beneficiaries

Pay Attention to How Your Accounts are Titled

Do you have sizeable jointly-held accounts with your spouse? Is your estate large enough that it could be subject to ...

inherited IRA

What to Do If You Inherit an IRA Post SECURE-Act

Introduction If you inherited all or part of an individual retirement account (IRA) or a qualified retirement plan, you may ...

Revocable Trusts vs. Irrevocable Trusts: What Is the Difference?

A trust is an ideal way for individuals to transfer assets either during life or after their passing. At a ...

dow 36000

Dow 36,000 Revisited

On October 1, 1999, in the midst of the tech stock mania of that era, James K. Glassman and Kevin ...

The Case for Exit Planning & Why I Earned My Certified Exit Planning Advisor (CEPA) Credential

In my wealth management practice, I focus on helping business owners and corporate executives achieve quality of life and financial ...

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. ...

investors just starting out

3 Financial Skills for Investors Who Are Just Starting Out

When starting out, knowing how to manage your money can feel daunting. In this post, we will offer simple steps ...