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The Estate and Gift Tax Exemption Sunset: What You Need to Know and How Schwartsman Law Group Can Help You Prepare
As 2025 approaches, there’s one important financial issue that may significantly impact your estate planning: the potential sunset of the current federal estate and gift
Corporate Transparency Act: What You Need to Know as a Business Owner
The Corporate Transparency Act (CTA) is a new federal law requiring most U.S. companies, including small businesses and holding entities, to report their ownership details
Understanding the Jurisdictional Boundaries Between Queens Surrogate’s Court and Queens Supreme Court: Why Some Actions Are Better Pursued in Supreme Court
In Queens County, both the Surrogate’s Court and Supreme Court hold jurisdiction over various legal matters. However, it is important to understand the differences in
Why Surrogate’s Court Turnover Proceedings May Be a Better Solution Than Supreme Court Litigation for Executors and Trustees in Brooklyn
When an individual passes away, one of the primary responsibilities of the executor or trustee is to gather the assets of the estate or trust.
Understanding Transfer Taxes for Condominium and House Owners in New York and Kings Counties: Properly Structuring Estate Planning Transfers to Avoid Tax
In New York, transfer taxes are an important consideration for anyone buying, selling, or transferring real estate. If you own a condominium or house in
Why a Revocable Living Trust with a Cooperative Apartment in Brooklyn is a Smart Estate Planning Move
For Brooklyn residents who own a cooperative apartment, incorporating a revocable living trust into your estate plan can offer significant advantages, especially when it comes
The Importance of a Revocable Living Trust in Staten Island, New York: Avoiding the Lengthy Probate Process
If you’re a resident of Staten Island, New York, or planning your estate in the area, one of the most critical decisions you can make
Understanding the Estate Tax Exemption: How It Works and What Changes Are Coming in 2025
The estate tax is a federal tax on the transfer of a deceased person’s assets to their heirs and beneficiaries. However, not all estates are
Using a Power of Attorney to Make Gifts for Estate Planning and Medicaid Eligibility
A Power of Attorney (POA) is a powerful legal tool that allows someone, known as an “agent,” to make financial and legal decisions on your