Throughout the year and particularly at the end of the year, many wealthy households choose to write checks for friends and family members. Often, these gifts may be around $15,000 dollars per person. Gifting can be a crucial tool in estate planning, and it is easily...
Month: September 2020
Powers of attorney provide comfort in a family crisis
No one knows when incapacity may strike. You could suffer a stroke or sustain a serious injury in a vehicle crash. Who will step in to manage your affairs? If you have powers of attorney for healthcare and finances, your trusted appointees will provide capable...
Residency and estate tax returns
Whether your loved one recently passed away and you are unsure of how to approach tax matters or you are worried about the tax consequences of your own estate plan, you should have a clear understanding of relevant tax matters. From time requirements to tax rates,...
What should you do if a tenant refuses to pay rent?
You hoped for favorable outcomes when you became a landlord in New York, but a recent issue forced you to question your decision. You have a tenant going through a rough financial patch, leaving the person unable to pay rent. What should you do? Learn how to navigate...