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New York Estate Tax ‘Cliff’ and Planning Strategies: New York imposes an estate tax with a “cliff” effect, where exceeding the exemption amount by more than 5% results in taxation of the entire estate. Implementing planning techniques, such as charitable bequests or gifting strategies, can help mitigate this impact.

In‍ the world⁤ of estate ‍planning, navigating the treacherous​ waters of ‍New York’s estate tax can feel like tiptoeing on the⁤ edge⁣ of​ a⁣ cliff.

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ESTATE PLANNING

what are letters of testamentary

In‌ the intricate world of estate administration, the issuance of letters of ⁤testamentary stands‍ as a pivotal moment in the probate process. As seasoned practitioners

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ESTATE PLANNING

trust and estate planning

In ⁣the intricate tapestry of life, ‍trust⁤ and​ estate planning serve as ⁣the sturdy threads that weave together the future of your legacy. At Morgan

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ESTATE PLANNING

Are trusts worth it?

In the complex landscape of estate planning, the decision ​to utilize trusts can often be ​a⁢ point ​of contention. Are trusts truly worth the time,⁤

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ESTATE PLANNING

what is the opposite of per stirpes

When it comes to distributing assets in estate planning, the concept of per stirpes is a familiar term for many. However, what happens ‍when ⁣per

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ESTATE PLANNING

What are the 4 types of trust?

Trust is‍ a⁢ fundamental aspect of‍ human​ relationships, shaping the ​way we interact and connect with​ others. In order to understand the complexities ​of trust,

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ESTATE PLANNING

estranged daughter meaning

In the intricate landscape of ⁣family dynamics, the term “estranged daughter” carries a weighty significance that transcends mere words. As seasoned legal practitioners ⁤at Morgan⁤

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ESTATE PLANNING

personal representative vs administrator

When it comes to executing a deceased individual’s estate, the roles of⁤ a personal representative and ‍administrator are often misunderstood. In the realm⁢ of estate

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ESTATE PLANNING

do all deaths go through probate

Navigating⁣ the complexities of probate can be a daunting ⁤task for many individuals, particularly when it comes⁤ to the question of ​whether all deaths⁣ must

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ESTATE PLANNING

Does inheritance affect Social Security?

Navigating the intersection of inheritance and Social Security benefits can be a daunting task for many individuals. As experienced legal practitioners at Morgan Legal Group

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how to give money without gift tax

In the intricate world ‍of finances and‍ gift-giving, navigating the‌ nuances of‌ gift tax⁤ can be⁢ a daunting task.‌ As seasoned practitioners in ⁣the realm

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ESTATE PLANNING

reading of a will

In‌ the intricate world of estate planning and probate law, few⁢ events hold as much weight and anticipation as the reading of a⁢ will. This

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ESTATE PLANNING

does a will include bank accounts

In the‍ intricacies of estate planning, a common question​ arises: does a will include bank accounts?⁤ As seasoned legal experts at⁣ Morgan Legal Group in

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ESTATE PLANNING

sample of condolence notes

In the‌ realm of estate planning and probate, a crucial yet ⁣often overlooked aspect is the art of crafting heartfelt condolence notes. Condolence notes serve

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ESTATE PLANNING

right to partition

As seasoned practitioners in the realm ​of real ⁢estate law, our firm at Morgan⁢ Legal Group has encountered numerous cases concerning the intricate concept of

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ESTATE PLANNING

What is the 3-year clawback rule in NY?

Introduction Regarding estate planning in New York, knowing the various rules and regulations that can impact your assets and legacy is essential. One important rule

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ESTATE PLANNING

grant deed vs quitclaim deed

In‍ the‌ realm of property transfers, the distinction between⁤ a grant deed and ⁢a quitclaim deed holds significant ​weight for ⁣both grantors​ and ‍grantees. While

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