The Powerful Tax Savings of “Qualified Small Business Stock”
IRC Section 1202 provides one of the most powerful tax benefits in the U.S. Internal Revenue Code (IRC) to entrepreneurs …
Estate Planning in Light of Current Law: Your Questions and Our Answers – 2024 Update
This post will help you consider estate planning strategies in light of the current federal estate, gift and generation skipping …
What is an Intentionally Defective Grantor Trust (IDGT)?
Intentionally Defective Grantor Trusts (“IDGTs”) are a commonly used estate planning vehicle to transfer wealth to family members during the …
Basics of Federal Estate, Gift, and Generation-Skipping Transfer (“GST”) Tax – 2024 Update
The bad news is that there is a federal transfer tax on assets that you give away during life, at …
Mitigate New York’s Estate Tax Cliff with Smart Estate Planning and Gifting Strategies – 2024 Update
While the large increase in the federal estate tax exemption has provided many with federal estate tax relief, New Yorkers …
Understanding New York’s Estate Tax “Cliff” – 2024 Update
In 2014, dramatic changes were made to New York’s gift and estate tax law. For many clients, the subject of …
Spousal Lifetime Access Trusts (SLATs): FAQs – 2024 Update
What is a Spousal Lifetime Access Trust (SLAT)? It is a trust that you (the grantor) set up for the …
Qualified Business Income (QBI): Deduction May Create New Planning Strategies for Some Business Owners
The Tax Cuts and Jobs Act of 2017 introduced a 20% tax deduction focused on pass-through businesses. While the deduction …
‘Tis the Season for Cyber Thievin’
The holidays provide a great opportunity for fraudsters to unleash their schemes, knowing that we are busy traveling, shopping, and …
Fireside Chat: The Last 5 Years in Review
Despite EVERYTHING that has gone wrong in the past 5 years – wars, pandemic, inflation, political unrest, bull markets, bear …
So You’re a New BigLaw Associate
You’ve done it! Three years of law school, a summer internship or two, several grueling months of bar exam prep, …
The Corporate Transparency Act: What Business Owners, LLCs, and FLPs Should Know
As we step into 2024, entity owners are facing a new regulatory landscape, significantly shaped by the Corporate Transparency Act …
RSUs vs. ISOs: Equity Compensation 101
Chances are that if you’ve reached a point in your career where your employer has granted you Incentive Stock Options …
Maximizing Earnings Through NIL Contracts: A Guide for College Athletes
The recent introduction of the Name, Image, and Likeness (NIL) policy has revolutionized the world of college sports. Now, student …
The Impact of Artificial Intelligence on Financial Advisors and RIAs
Technology has been exponentially growing since the 60s, doubling every one and a half to two years.[i] Each technological innovation …
Year-End Planning Tips 2023
As we approach the end of 2023, you should aim to maximize your opportunities to transfer wealth to your children …
Talking About Money: Navigating Wealth Transfers Across Generations
As financial advisors, we have the privilege of working with numerous families, witnessing their triumphs, heartbreaks, milestones, and life transitions. …
Why the Self-Employed Should Consider a Solo 401k
Self-employed individuals have multiple options to save for retirement and invest in a tax-efficient manner. One of those options, the …
