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Consider Funding a Trust with Life Insurance

Consider Funding a Trust with Life Insurance

Estate planning is all about ensuring that your wishes are met both in life and after your death.  An estate plan has other vital goals such as ease of administration, tax minimization, and achieving harmony among family members.  Estate plans will include lifetime...
Do I Have To Pay Taxes During Retirement?

Do I Have To Pay Taxes During Retirement?

It is a common belief that one’s Social Security benefits (‘SS”) are provided tax-free.  Generally, that is true.  By there are exceptions. You may be surprised to learn that a portion of your Social Security benefits could be subject to federal income taxes.  We...
Reviewing Your Estate Plan Protects Goals, Family

Reviewing Your Estate Plan Protects Goals, Family

Guess what?  If you never get around to doing your Last Will (about 50% of Americans have not done a Last Will),  New York State has a Last Will all drafted and ready for you.  You don’t even have to approve it or sign it. The New York State Last Will is called the...
Act Quickly to Protect an Estate

Act Quickly to Protect an Estate

When dealing with the emotional pain of losing of a loved one, family members find they also have to immediately address daunting administrative tasks, planning a funeral, disposition of the remains, and securing the decedent’s property. For most families, the process...
What Is a SLAT?

What Is a SLAT?

Today’s very generous federal estate rules are set to expire in 2025, therefore potential estate tax changes are predicted to address the need for increased tax revenue and to get ahead of this change, which is known at the “sunset”. As a result, you may be...