When you die your estate is not subject to the federal estate tax if the value of your estate is less than the “exemption amount” (Federally) or the “basic exclusion amount” in New York State. For people who pass away in 2022, the Federal exemption amount will be...
Preserving & Protecting Your Family’s Assets & Legacy
Month: December 2021
What should a good estate plan contain?
Creating an estate plan is a crucial element in caring for your family. In order to situate your loved ones on a successful path, it is important to understand what documents you should have in place. Although each estate plan is unique to the client’s particular...
Eyewitness case example from a long island personal injury attorney
I represented an attorney who was injured in a car accident. She was making a left turn when her car was struck violently by a car who was speeding with no headlights on (it was dark out), who left the scene of the accident. The other car was going straight and would...
How can you address estate planning with your parents?
Do your parents’ have an estate plan? Most people do not want to think about something happening to their parents, but it is something you need to think about and plan for, particularly with aging parents. According to Money Crashers, only 42% of Americans have a Last...