The Trump administration has proposed federal tax reform that would eliminate the federal estate tax. Also referred to as the death tax, the federal estate tax applies to residents of New York and the other states. The reasoning behind the proposed elimination is that...

Some New York residents may think of an estate plan as something that only wealthy people need. However, an estate plan is important for adults at every stage of their lives. An estate plan should also be reviewed and revised throughout a person's life as changes in...

Some New York parents may be concerned about leaving a large sum of money as an inheritance for their children. They might be worried because their children are financially irresponsible or simply because it can be difficult sometimes for anyone to suddenly come into...

Trusts have a broad range of applications that may be relevant to New York residents who are planning their estate. There are many different types of trusts that provide different benefits, and here are two that might be of interest. It is possible to make charitable...