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Are Inherited Assets Taxable in New York?
Minimizing or eliminating taxes on an estate during life and at death is complicated. There are several taxes to consider.
I recently executed my will and other estate planning documents. I want to keep it in a secure location; however I am concerned that I may store it in a place where my executor cannot find it. What happens if the executor cannot find my will when I pass away?
I am unmarried and have no children. My parents are deceased and I have one sibling, a sister. I currently have no will. Who would inherit from my estate if I died without a will?
My mother has just been diagnosed with Dementia. It is in the early stages and she is still very lucid, can she still sign a Power of Attorney?
The typical Medicaid trust is a grantor trust for income and estate tax purposes. The grantor trust rules came about after high earners tried to lower their income tax consequence by scattering their income to various trusts over which they maintained control.
The grantor trust rules came about after high earners tried to lower their income tax consequence by scattering their income to various trusts over which they maintained control. By spreading their income out, the earners were subject to the lower tax brackets.
Do all Wills have to go through probate?
I have three children. My son has been living with me for the past few years. I have heard that there is no reason for me to engage in any estate planning because if I require nursing home care, all of my assets can be transferred to my son. Is that correct?
Each January, the Governor of the State of New York puts out a proposed budget from which the Legislative and Executive branches will base their negotiations to determine a final budget. The budget is set to be passed by March 31; the date that marks the end of the fiscal year for the State.
years ago, my mother signed a General Durable Power of Attorney and named me as Agent. I was recently told that there is a possibility that the Power of Attorney may not cover all transactions. Could that be true?
I read somewhere that the New York State Estate Tax Exemption was increasing again this year, could you explain this to me?
In The Media
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Estate Planning for Blended Families: Insights from Britt Burner
Britt Burner, Partner at Burner Prudenti Law, P.C., recently spoke at a Continuing Legal Education (CLE) event hosted by the Columbian Lawyers Association of Brooklyn
May 5, 2025 -
Matthew Kiernan Named a 2025 Top Lawyer of Long Island
Matthew Kiernan, Esq. was honored as a 2025 Top Lawyer of Long Island by RichnerLIVE Events and the Long Island Herald!
April 14, 2025 -
Burner Prudenti Named TBR News Media Reader’s Choice for Best Attorney / Lawyer
Burner Prudenti is honored to share that we were named the Best Attorney / Lawyer in the 2024 TBR Readers’ Choice issue!
March 31, 2025 -
Nancy Burner Recognized as One of Super Lawyers’ “Top 50 Women” For the Sixth Year in a Row
March 20, 2025 -
Burner Prudenti Law Ranked as a 2025 Tier 1 Elder Law Firm by Best Lawyers
Burner Prudenti Law was recognized as a 2025 Tier 1 law firm in elder law and trusts and estates by Best Lawyers!
November 6, 2024 -
Burner Prudenti Law Featured in Forbes & Fortune
Learn more about the history and vision of Burner Prudenti Law in this recent Forbes & Fortune article.
November 4, 2024
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