Robert AdlerJan 19, 2020What is FBAR?Failure to file a FBAR when required to do so may result in civil penalties, criminal penalties, or both.
Robert AdlerJan 13, 2020How Much Life Insurance Do I Need?Life insurance is one of the most important tools in modern financial planning, but it is not always the most appreciated.
Robert AdlerJan 13, 2020Pay Attention to Beneficiary DesignationsHave you taken your ex-spouse off of your retirement plan and life insurance beneficiary designations?
Robert AdlerJan 12, 2020The SECURE ActThe SECURE Act, effective January 1, 2020, makes significant changes to the laws affecting IRA and 401(k) plans.
Robert AdlerJan 12, 2020The Life Insurance Funded Buy-Sell AgreementThere are various forms of business agreements available for disposing of a business interest at death.
Robert AdlerJan 5, 2020Crummey Powers – Still a Powerful Estate Planning ToolThe more donees who are given Crummey withdrawal powers, the greater the amount of property that can be gifted tax-free to the trust.
Robert AdlerSep 18, 2019Can you appoint a guardian in a will?This is the person who will be raising your children.
Robert AdlerAug 12, 2019Buy Sell AgreementsStock purchase agreements are useful when there is a need to restrict the transfer of stock to undesirable third parties.
Robert AdlerAug 5, 2019The Problem with Joint Bank Accounts in New YorkThe Confusion Surrounding Joint Bank Accounts in New York is epic.
Robert AdlerAug 4, 2019Federal Income Tax and TrustsFour categories of taxpayers are potentially taxed on trust income.
Robert AdlerAug 1, 2019Incentive TrustsTheir efficacy in "meaningfully" influencing the child/beneficiaries behavior is highly questionable.
Robert AdlerAug 1, 2019What is a Disclaimer?Though seemingly an unusual event, disclaimers are actually quite common, for a variety of reasons.
Robert AdlerJul 25, 2019What is the Estate Income Tax Return - IRS Form 1041The decedent and their estate are separate taxable entities.
Robert AdlerJul 18, 2019What is ERISA?The objective of ERISA is to protect individual retirement and health plan participants.
Robert AdlerJul 14, 2019Gift Tax Exclusion for Payment of Medical and Tuition ExpensesGrandparents who already take full advantage of the annual exclusion for gifts to grandchildren can make additional tax-free transfers.
Robert AdlerJun 29, 2019New York Estate Tax Claw-back of Gifts Made within Three Years of Death 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.
Robert AdlerJun 28, 2019U.S. Supreme Court Gives Taxpayer a Win in Trust Tax CaseWhen a state seeks to base its tax on the in-state residence of a trust beneficiary, due process demands a pragmatic inquiry.
Robert AdlerJun 16, 2019The Executor Must Locate Estate AssetsIt 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...
Robert AdlerJun 16, 2019What is the Surrogate's Court?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...
Robert AdlerJun 1, 2019Do You Support Death with Dignity?A number of New York State legislators are sponsoring A 2694 / S 3947, Medical Aid in Dying Act. The bill would allow qualified,...