There are more estate planning opportunities as a result of inflation-adjusted figures recently released by the IRS. The gift, estate, and generation-skipping transfer (“GST”) tax exemption amounts are each increasing to...more
11/23/2022
/ Beneficiaries ,
Charitable Lead Annuity Trust ,
Estate Planning ,
Estate-Tax Exemption ,
Generation-Skipping Transfer ,
Gift-Tax Exemption ,
Grantor Retained Annuity Trusts (GRATs) ,
Income Taxes ,
Price Inflation ,
Tax Code ,
Tax Exemptions ,
Trusts
As each of us copes with the ongoing challenges posed by COVID-19, we hope this finds you and your families safe and healthy. It can be difficult to think beyond the moment when faced with the daily anxiety and uncertainty...more
4/3/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Estate Planning ,
Gift Tax ,
Gift-Tax Exemption ,
Income Taxes ,
Relief Measures ,
Retirement Funds ,
Tax Relief ,
Time Extensions ,
Transfer of Assets
In the wake of the Coronavirus pandemic, on March 18, 2020 the U.S. Internal Revenue Service issued guidance extending the Federal income tax payment deadline for any person with a Federal income tax payment otherwise due...more
Governor Andrew Cuomo signed into law on April 1, 2014 the 2014-2015 New York State budget. The new law, which was widely debated after Governor Cuomo introduced it on January 21, includes a number of changes to New York...more