Following federal estate tax reforms that took effect in 2014, New York State also revised its estate tax law so that estates of deceased New York residents worth less than $5 million (adjusted for inflation, currently $5.74 million) are no longer subject to estate tax. The basic exclusion amount was previously just $1 million. Rather […]
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With the onset of the 2018 tax season, the impact of the Tax Cuts and Jobs Act (Pub. L. No. 115-97) (“TCJA”), passed quickly at the end of 2017 is becoming more apparent. One year after the enactment of the new law, its wide-ranging effects on both individuals and companies are coming more clearly into […]
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The holidays are over. The champagne flutes and decorations are stowed away, and the prospect of spending hours feasting and reminiscing with your nearest and dearest at is again at a safe distance in the future. The holiday season offers an opportunity to reflect on the people in your life and how you may […]
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Very few people enjoy estate planning. After all, who wants to think about why you need an estate plan in the first place? But as with many human endeavors, estate planning does have a lighter side. Here are five fun facts from Holm & O’Hara LLP lead Trusts & Estates Partner Chaya Biskin-Sitko, who compiled them […]
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Holm & O’Hara LLP Co-Managing Partner Michael L. Landsman gave the presentation “The Basics of Estate Planning” for Marcus & Millichap (Montclair, NJ) on June 13, 2018.
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As spring makes its slow, but eventual, arrival, it is a perfect time to evaluate your current state of affairs in light off your future goals and aspirations. Estate planning is an integral part of financial planning that prepares you and your family for an uncertain future in the context of your wishes for your […]
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Estate planning is a topic that most people would rather defer, for obvious reasons. But it becomes a much more attractive subject once you understand its real purpose. Our publication, “What is truly important to you?” provides more information about strategic estate planning, including some composite case studies to show how different estate plan scenarios could […]
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As one year closes and another begins, it is useful to evaluate your current state of affairs in light of your future goals and aspirations. Estate planning is an integral part of financial planning that prepares you and your family for an uncertain future in the context of your wishes for your legacy. Click here […]
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Many real estate investors are making NNN properties their vehicle of choice for a wide range of reasons, including reduced management responsibilities and significantly lower operating costs. Our NNN overview provides a guide to determining whether NNN properties are right for you, along with some tips for selecting property. We include 5 case studies (drawn […]
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Now is the time to distribute shares in your family business. A proposed new IRS regulation could eliminate the tax advantages of transferring interest in family-owned businesses to family members…. Click here for the full version.
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