Posted On: September 11th 2014
When a loved one has Alzheimer’s disease, the practical and legal considerations often are not the first concern. However, considering the degenerative nature of the disease, estate planning will be the best way to ensure your wishes or your loved ones wishes are met. The estate planning attorneys at Schwartz, Fang & Keating can help…
Learn MorePosted On: August 18th 2014
Schwartz Fang & Keating P.C. of New York is a team of attorneys that are proficient in estate tax, estate planning and probate law. We are happy to provide our clients with information regarding estate tax changes in New York State. Governor Andrew Cuomo has recently signed legislation intended to reduce the estate tax incentives…
Learn MorePosted On: June 9th 2014
When you meet with your estate planning attorney to discuss ownership and management of property it will always require contracts to be involved. Generally, minors cannot enter into contracts. Therefore, usually minors cannot manage or own property. Sometimes minors may not even be able to receive property. There are some practical exceptions that Schwartz…
Learn MorePosted On: June 9th 2014
When you choose the estate planning and probate attorneys at Schwartz Fang & Keating, P.C., we will discuss with you the number of advantages to utilizing a trust. Every client’s needs are different, so it is best to meet with us to discuss your options. There are some points of information that we will discuss…
Learn MorePosted On: June 3rd 2014
Why You May Need an IRA Trust Although flexibility is important in estate planning, some areas have little flexibility, including IRAs. Our estate planning lawyers are available to discuss with you the many options when considering an IRA Trust. Here is some general information we would like to provide about why you may need an…
Learn MorePosted On: January 1st 2013
When planning for retirement and drafting an estate plan there are many thing to consider. The basis of estate planning has two primary considerations: what will happen to your estate after you die and what will happen to your estate if you are disabled or incapacitated require long term healthcare. With laws changing every year,…
Learn MorePosted On: September 13th 2011
As a result of the recent Jobs Creation legislation in December of 2010, individuals now have lifetime gift tax exemptions of $5,000,000 through 2012. In addition, the Generation Skipping Tax (GST) and estate tax exemptions have increased to $5,000,000 through December 31, 2012. Without any additional legislation, the gift and estate tax exemptions are scheduled…
Learn MorePosted On: January 12th 2011
On December 17, 2010, President Obama signed the above Act into law. The Act extends for two years the Bush Administration’s income tax rates and various relief provisions, many of which were enacted in the last few years as or part of the economic stimulus legislation, and temporarily reduces the payroll tax for one year….
Learn MorePosted On: May 22nd 2010
These days looking for cash in your home is difficult to do with a home equity line of credit. In certain circumstances, a Reverse Mortgage may be the best answer for someone who is equity rich and cash poor. Common uses for the loan proceeds are to pay living expenses in retirement, or to fund…
Learn MorePosted On: March 21st 2010
A QPRT is an irrevocable trust holding a personal residence, where the grantor retains the right to use and occupy the residence for a fixed period of time, (income interest), and the principal remaining at the end of the trust term passes to the remainderman, (a non-charity beneficiary). QPRT may also hold cash for certain…
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