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The Corporate Transparency Act requires most entities to report “beneficial owners” and those who have substantial control or decision-making authority.

What documents should be updated in your estate plan to reflect your wishes regarding email, social media accounts, and more?

The right trust for you will depend on the problems you are trying to solve. This blog post breaks down some of the most common types of trusts and when they might be beneficial.

While it may be tempting to gift your house now, there are tax consequences in doing so.

A SLAT is an irrevocable trust created by one spouse for the benefit of the other that can help reduce estate tax liability at the time of death.

Many traditional rights having to do with health care, taxes, and inheritance do not apply to unmarried couples, making estate planning even more important.

There are several factors in determining if a cash gift is a taxable event for the gift-giver. 

Will you owe penalties and interest for failing to take RMD’s (required minimum distributions) as an IRA beneficiary?

Many believe estate taxes are unavoidable upon death, but this isn't usually the case. In 2024, New York State has an exemption of up to $6,940,000, while the federal government's exemption is $13,610,000. Estates valued below these thresholds are not subject to estate tax.

Navigating family dynamics can often prove a difficult course to chart. We all experience the problems in solving even everyday issues in a harmonious way, like which new restaurant to try or which television program to watch. When the stakes are higher, involving potentially life changing inheritance decisions, a family may be well served by consulting with a trained mediator to help assure smooth sailing throughout the estate planning process.