Strategies to Minimize Estate Taxes in New York
Navigating the complexities of estate planning can be overwhelming, especially when it comes to tax implications. In New York, estates valued above a certain threshold are subject to estate tax, which can significantly impact your loved ones’ inheritance. This article identifies strategies to help you maximize your estate while keeping it below the tax limit. […]
What To Do If You Inherit An Annuity
Inheriting an annuity can be a blessing but it’s important to understand what your options are. An annuity is a financial product that provides a regular stream of income over a specified period or for the lifetime of the annuitant. If you have recently inherited an annuity, it’s important to be informed and take appropriate […]
Making Your Inheritance Last a Lifetime
Inheriting a large sum of money can be a life-changing event, but it can also be overwhelming. Without proper planning and management, the money can quickly disappear. To make your inheritance last a lifetime and secure your financial future, consider these five strategies. Create a Financial Plan The first step in making your inheritance […]
Your Estate Plan: Time for a Checkup
Your Estate Plan: Time for a Checkup COVID 19 has brought tragedy to many families and businesses and impacted personal finances. It has also rendered many an estate plan inaccurate and unrepresentative of current circumstances. If you, your family or your beneficiaries have been affected by the virus, you may need to review and make […]
Planning with a Living Trust
Adding a Personal Backup With a Living Trust The managers of well-run businesses usually name “backups” to keep things going smoothly — just in case. That’s also a smart plan for your personal finances, where you risk experiencing financial losses or other difficulties if you can’t make your own decisions because of a long illness […]
5 Things I Wish I Told My Dad
5 Things I Wish I Told My Dad In 2014 my father was diagnosed with Lewy Body Dementia which is the second most common type of dementia after Alzheimer’s disease. Little did my family know the difficult road that would lie ahead to provide my father with appropriate care as the disease continues to progress. […]