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The Power of Trusts: Securing Wealth, Avoiding Taxes, and Ensuring Privacy
Trusts have long been a cornerstone of wealth management for the affluent. They offer a multitude of benefits, including tax advantages, probate avoidance, enhanced privacy,
Dying Without a Will in New York: Rodney’s Intestate Estate and Its Distribution
Estate planning is a critical aspect of ensuring your assets are distributed according to your wishes upon your death. However, many people die without a
Understanding Gift and Estate Taxes in the U.S.: The Current Law and Upcoming Changes in 2025
Estate planning is a crucial aspect of managing your financial legacy, and understanding the intricacies of gift and estate taxes in the United States is
The Importance of a Power of Attorney: Avoiding Guardianship Proceedings
As we age or face unexpected life events, the need to plan for our future becomes increasingly important. One crucial legal tool that can help
Administering Supplemental Needs Trusts in New York: A 10-Step Guide for Trustees
Administering a supplemental needs trust (SNT) is a significant responsibility. These trusts are designed to benefit disabled individuals without jeopardizing their eligibility for government benefits
Trusts: Lessons from Rockefeller and Elon Musk
Trusts are powerful tools for building and preserving wealth across generations. Historical figures like John D. Rockefeller and modern entrepreneurs like Elon Musk have utilized
Appointing a Guardian for Your Minor Children in Your Will: A Crucial Step in Estate Planning
Estate planning is essential for ensuring your assets are distributed according to your wishes after your passing. However, for parents of minor children, there’s an
Protecting Your Home and Securing Medicaid: The Power of an Irrevocable Residential Trust in New York
Estate planning is essential for protecting your assets and ensuring your future financial security. An irrevocable residential trust can be a particularly powerful tool, offering
Strategic Solutions: Life Insurance’s Role in Fair Inheritance Distribution
Schwartsman Law Group would like to share an interesting and very strategic approach to life insurance from our partner, Vlad Shafir of Forest Hills Financial