High-net-worth business owners anywhere face complicated risk challenges, but especially so in New York. The protection of your assets and complex business structures in a much more litigious environment requires careful planning. It is not about hiding assets or doing anything even remotely shady—it is about taking lawful and intelligent steps to safeguard your assets….
Business owners face a more challenging set of estate-planning issues than others. Your business wealth and personal wealth are intertwined, but often operate much differently than one another. A will alone will not be able to protect the business you’ve worked so hard to build. If you own a business, other estate planning tools are…
Wills and trusts are so important to New York families who want to protect their life’s work, and their family. In New York, probate court can be slow and the tax rules unforgiving. Failure to plan now can have a very negative impact on your estate and the family members who rely upon it. Wills…
New York probate can have a big impact on your savings, home, and your family if you’re unprepared for it. It can be expensive and slow. Sometimes even simple estates can take months to move through the Surrogate’s Court, while more complicated estates can take even longer. Luckily, there are ways to protect your estate…
You may have heard of the New York Estate Tax Cliff and been warned about its impact. It is definitely something you need to be aware of if you have significant assets. On one side of the cliff you may owe no estate taxes. In one range, you might owe tens of thousands. Over a…