What Is the New York Estate Tax Cliff (and How to Avoid It)?
The New York estate tax “cliff” is a quirk in state law that can cause an estate to lose its entire estate-tax exemption if it grows just slightly beyond a set limit. Here is the essential idea in plain English: for deaths in 2026, New York lets an estate pass up to a basic exclusion […]
What Documents Belong in a Complete New York Estate Plan?
A complete New York estate plan is built on four core documents that work together: a last will and testament, one or more trusts, a durable power of attorney, and a health care proxy. If you have all four — coordinated so they don’t contradict one another — you have covered the essentials that decide […]
How to Avoid Probate in New York
You can avoid probate in New York by arranging your assets so they transfer automatically at your death instead of passing through the court. The three most common tools are a revocable living trust (governed by EPTL Article 7), beneficiary designations on accounts and policies, and certain forms of joint ownership. When assets are titled […]
Estate Planning for Young Families in New York
If you are a young parent in New York wondering where to begin, here is the short, reassuring answer: estate planning for a young family means putting four coordinated documents in place — a will, one or more trusts, a durable power of attorney, and a health care proxy — so that if something happens […]
Estate Planning for Blended Families in New York
If you have remarried, brought stepchildren into your home, or are raising children from more than one relationship, estate planning for your blended family in New York means building a coordinated set of documents — a will, one or more trusts, a durable power of attorney, and a health care proxy — that clearly say […]
Do I Need a Trust or Just a Will in New York?
If you are asking this question for the first time, here is the short, reassuring answer: most New Yorkers should start with a will, and many will also benefit from adding a trust — but you almost never have to choose one or the other in isolation. A will and a trust do different jobs, […]