The New York State Executive Budget was issued in January 2015, and New Yorkers likely will want to watch their step near the 'estate tax cliff' for the foreseeable future.
While changes in tax laws can affect investment goals of high-net-worth individuals and families, strategic planning can help to mitigate tax burdens. Here are a few ways to maximize wealth transfers in the New Year
Trends in American family structures are changing, and estate plans must evolve to keep up with these changes. Estate planning for parents-to-be may not take the same approach as it did five, ten, twenty years ago.
As part of the Affordable Care Act that went into law a few years ago, primary care physicians are encouraged to inquire with patients about guns they may own. Doctors are permitted to ask whether or not a patient keeps a loaded gun at home, how many, and what types of firearms.
The American Solution for Simplifying the Estate Tax Act of 2014 (ASSET) H.R. 5872 was introduced to the House of Representatives in mid-December 2014. The Act is structured for business owners, which would allow taxpayers to pay an additional 1% income tax during their lives that would permit deferral of estate tax.
Our estate planning lawyers serve four states, each with different legislation addressing probate, digital assets, tax laws, and more. The past year brought many changes for each state.
Shortly after the United States Supreme Court ruled that a same-sex marriage ban in Florida was unconstitutional, court clerks were warned not to issue marriage licenses to same-sex couples until â€˜clarification' of the ruling was settled.
A few years ago North Carolina revised the law regarding purchase or possession of automatic firearms, intending to make it easier to acquire those items. However, the legislation was poorly worded