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Failure to file a FBAR when required to do so may result in civil penalties, criminal penalties, or both.

How is life insurance taxed?

Life insurance is one of the most important tools in modern financial planning, but it is not always the most appreciated.

Have you taken your ex-spouse off of your retirement plan and life insurance beneficiary designations?

The SECURE Act, effective January 1, 2020, makes significant changes to the laws affecting IRA and 401(k) plans.

There are various forms of business agreements available for disposing of a business interest at death.

The more donees who are given Crummey withdrawal powers, the greater the amount of property that can be gifted tax-free to the trust.

This is the person who will be raising your children.

Stock purchase agreements are useful when there is a need to restrict the transfer of stock to undesirable third parties.

The Confusion Surrounding Joint Bank Accounts in New York is epic.

Four categories of taxpayers are potentially taxed on trust income.

Their efficacy in "meaningfully" influencing the child/beneficiaries behavior is highly questionable.

Though seemingly an unusual event, disclaimers are actually quite common, for a variety of reasons.

The decedent and their estate are separate taxable entities.

The objective of ERISA is to protect individual retirement and health plan participants.

Grandparents who already take full advantage of the annual exclusion for gifts to grandchildren can make additional tax-free transfers.

The purpose of the claw-back is to prevent the making of gifts, shortly before death, as a device to reduce New York estate tax.

When a state seeks to base its tax on the in-state residence of a trust beneficiary, due process demands a pragmatic inquiry.

It is the Executor's responsibility to locate all of the decedent's assets, pay the taxes on them, if any, and distribute them to the...

The Surrogate's Court is the court in New York where all matters relating to Wills and Trusts are determined. The Surrogate is the title...

A number of New York State legislators are sponsoring A 2694 / S 3947, Medical Aid in Dying Act. The bill would allow qualified,...