Family Wealth and Estate Planning Articles
Tax Rules of Making Bequests or Lifetime Gifts
Posted by Robert Ingrasci on January 20, 2023
Bequests and Lifetime Gifts are not the same; understanding the tax aspects may help you make a decision that is more advantageous.
Strategy for Donating Appreciated Assets
Posted by Robert Ingrasci on January 09, 2023
Donating appreciated assets is a better strategy than donating cash.
Newly Signed SECURE Act 2.0 Updates Minimum Distribution Rules
Posted by Cheryl A. Jankowski on January 09, 2023
The SECURE Act 2.0 signed into law on December 29, 2022 has several provisions impacting retirement savings including new rules on minimum distributions.
Consider a Psychiatric Advance Directive
Posted by D’Marie Murray on January 04, 2023
Understanding the difference between a psychiatric advance directive, health care directives, and power of attorney.
Communicate Last Wishes in a Letter of Instruction
Posted by Amanda Wojtkowski on December 20, 2022
While a letter of instruction is not legally binding, it goes a long way to comfort loved ones and your last wishes.
Springing Power of Attorney Defined
Posted by Robert Ingrasci on December 20, 2022
A power of attorney (POA) is an essential component of estate planning. What’s not so common is the differences between a springing or nonspringing POA.
Estate Planning Goals with FAST
Posted by Isabella Newman on December 02, 2022
Want to secure the educational goals of your heirs, encourage philanthropy, and manage wealth? A Family Advancement Sustainability Trust (FAST) may be an option you consider as part of your estate plan.
Understanding Spousal Inheritance Rights
Posted by Cheryl A. Jankowski on November 28, 2022
Whether your first or second marriage understanding spousal property rights will help you properly plan and provide for multiple heirs and families.
Life Insurance and Charitable Remainder Trusts
Posted by Robert Ingrasci on October 20, 2022
Understand the role of a Charitable Remainder Trust in your estate plan and how life insurance plays a role.
Income Tax Planning in Light of Increased Federal Estate Tax Exemption
Posted by Cheryl A. Jankowski on September 22, 2022
In light of the changes to the federal estate tax thresholds, income tax planning is now even more important. Also, consider that state tax laws including New York can impact your short and long term goals.