Blog
What it means to be an Executor
This blog answers questions we frequently are asked by persons named as Executor in a decedent’s Last Will and Testament. The decedent’s Will appoints me as executor. What’s next? Is my appointment automatic? No. You will be appointed executor by the Surrogate Court after the Will has been accepted for probate. The Court will issue…
Read moreBeneficiary Designation Forms: A Good Estate Plan Is Not Complete Without A Review Of These As Well
Now that you are finally getting around to having your Will prepared or updated, or even considering adding a Revocable Trust to your planning documents, it is also important to plan for those assets that are subject to a document commonly referred to as a beneficiary designation form. Most commonly, my clients inquire: Doesn’t my…
Read moreRestriction On Valuation Discounts Forecasted – Gift Now
Employees at the U.S. Treasury Department have spoken publically about pending regulation changes that would significantly restrict the ability to take valuation discounts in certain circumstances. Many practitioners are recommending that their clients act now and make gift of appreciating assets to the next generation to avoid the implication of these proposed restrictions.
Read moreIt’s That Time of Year Again
What’s on your list of New Year’s resolutions? No doubt a resolution to create or review your estate plan is not at the top of your list. But estate planning is as important as resolutions to lose weight, spend time with family or be more frugal.
Read moreTop Ten Reasons to have a Will
While none of us like to contemplate our mortality, it is vital to plan for what happens to your assets when you pass away. Not only does a will allow you to distribute your assets according to your wishes, it can legally protect your family and save your family time and money. Here are the…
Read moreNew York’s Recent Estate Tax Law Changes – What is Estate Tax Anyway?
You may have heard that New Yorkers may be subject to an estate tax depending on the value of their estate when they die. You may also have heard some buzz about recent changes to New York’s estate tax law that sounds favorable to New Yorkers…favorable meaning less tax owed. What is an estate tax?…
Read more