Why Do a Trust?
A few musings on how a trust can be helpful for a certain type of individual who is looking to minimize risk. While you can't eliminate risk entirely, you can use estate planning techniques to minimize the risk or impact to your assets or the assets you intend to pass down to your... »
Giving to Charity
Many people are charitably inclined, whether it's donating money or donating clothes and books. Some want to make a bigger impact on their community with a larger gift, either during their lifetime or at death. For those who want to establish a trust, there is uncertainty that inhibits them... »
What's a NORC?
The estate planning world sure has some funny acronyms. A NORC is a Naturally Occurring Retirement Community. Believe it or not, there are dozens of NORCs right here in the City of New York. Several were featured in New York magazine last week. Here are a few highlights: The Lower... »
Casey Kasem's Disappearance Begs the Question: Should a Medical Representative's Authority Be Limited?
Hours after Kerri Kasem and her sister Julie visited their father, legendary Top-40 DJ Casey Kasem, in his assisted living home, his wife Jean removed him from the facility and took him to an undisclosed location. This is another chapter in an ongoing dispute between Kasem's children and his wife, who... »
A Town Where 96% of the Population Have Planned for Their Deaths
In La Crosse, Wisconsin, talking about death is commonplace. In fact, 96% of people who die in La Crosse have an advance directive, which dictates their wishes regarding medical care should they be unable to talk to their doctor. This is so extraordinary that it caught the attention of... »
Grantor Retained Annuity Trust (GRAT)
Estate planning techniques have funny sounding acronyms:  GRAT, GRUT, CRAT, CRUT.  Sounds like something you might get on your shoe!  Here's some information about one of these techniques called a Grantor Retained Annuity Trust (GRAT). A GRAT is frequently used to transfer assets to family members while minimizing taxes.  It... »
Tax Day Is Over - Time To Celebrate...
...And Start Planning for 2015! As April 15 comes and goes, taxpayers let out a sigh of relief, and take a vacation from the tax stresses until next year. But just because Tax Day is over doesn’t mean you should abandon all thoughts of taxes. On the contrary, now is... »
Love and Money - Marriage, Remarriage, and the Tax Code
Ahhh, Springtime in New York and love is in the air. Birds are building nests, bees are pollinating like there is no tomorrow, and New Yorkers are dropping to one knee and asking “is it fiscally reasonable to get married or remarried?” When it comes to death, divorce, and taxes,... »
The Origins Of May Day
It's May Day in America... Most Americans know little about the International Workers' Day of May Day, and that May Day has its origins here in this country - it is as "American" as baseball and apple pie! But it wasn't a walk in the park. Lives were lost, the landscape... »
New York State Significantly Changes its Estate and Gift Tax Regime
New York State recently implemented significant changes to the Estate and Gift tax regime for New York residents, and in some instances, for non-New York residents, as part of the April 1st budget bill. The State and Governor Cuomo have touted the changes as "taxpayer friendly," but the... »
1 16 17 18 19 20 21