The IRS has announced its estate tax and gift exemption for 2016, which is $5.45 million per individual and $10.9 million for a married couple. This is up just a bit, based on inflation, from the 2015 exemption of $5.43 million applicable to residents of New York and...
Digital estate planning
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Oct 21, 2015 | Estate Planning
New York residents who are embarking upon the estate planning process may have heard about new digital options and wondered if this is the right choice for them. Digital document archives have both pros and cons associated with them. Family members have sometimes...
The importance of estate planning
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Oct 15, 2015 | Tax Planning
People living in New York may worry about their heirs having to pay estate taxes after they die. However, most people will never have to worry about federal estate taxes. They simply do not have enough money for this tax to become a factor in their estate planning,...
Tips to limit or avoid estate taxes
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Oct 6, 2015 | Tax Planning
New York residents who plan to leave a multi-million dollar estate to their heirs might be worried about taxes because the federal government takes 40 percent, which can account for a large chunk of the assets. However, there are steps that they could follow to limit...
Recent Posts
Archives
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- December 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014