Get Ahead: Master Your Estate Plan for the 2025 Tax Bracket Changes!
Adapting Your Estate Plan for 2025 Tax Changes: Insights for new Yorkers As 2025 draws near, it’s essential for residents of New York to consider how upcoming tax bracket changes might influence their estate planning. In particular, the anticipated 2.8% inflation adjustment could alter both federal and state tax regulations, affecting estate tax limits, […]
The Therapist’s Couch: Bridging Tradition and Modern Practice for Better Healing
Exploring the therapist’s Couch: Tradition and Modernity in Therapy As a legal professional deeply engaged with human interactions and problem-solving, I often ponder the intriguing symbol of the therapist’s couch. Even though my work at morgan Legal Group primarily involves estate planning, probate, and guardianship, I’ve come to see the couch as a powerful emblem […]
Transform Your 2025 Estate Plan with Charitable Trusts: A Path to Legacy and Impact
Strategizing Your 2025 Estate Plan with Charitable trusts As we approach 2025, Morgan Legal Group emphasizes the importance of a comprehensive estate plan that aligns your personal, financial, and philanthropic goals.Integrating charitable trusts into your estate planning is an effective strategy for New York residents to achieve tax efficiency while supporting meaningful causes. This article […]
Unlocking the Benefits: How to Maximize the Increased Gift Tax Exclusion in 2025
Maximizing the 2025 Gift Tax Exclusion for Estate planning in New York At Morgan legal Group, our seasoned estate planning attorneys recognize the importance of strategic planning to safeguard yoru wealth and legacy. In particular, the anticipated increase in the annual gift tax exclusion to $19,000 per recipient in 2025 offers a valuable chance for […]
How the 2024 Election Could Transform Your Estate Planning Strategy
The 2024 Election and Its Influence on Estate Planning: A New York Outlook As seasoned professionals in estate planning, the team at Morgan Legal Group understands the considerable unpredictability surrounding tax legislation,especially with the upcoming 2024 elections. In particular, elections can lead to policy changes that might directly impact estate tax regulations and overall strategies […]
How to Sidestep New York’s Estate Tax ‘Cliff’ and Protect Your Wealth
Navigating New York’s Estate Tax Cliff: Effective Strategies At Morgan Legal Group, our experienced estate planning attorneys are well-versed in teh complexities of New York’s estate tax regulations. Notably, the state’s distinctive “cliff” effect can result in taxation of an entire estate if a certain threshold is surpassed, rather than just taxing the excess amount. […]
Unlocking Estate Planning: How Russel Morgan Combines Empathy with Expertise
Customized Estate Planning Services to Safeguard Your Family Engaging in estate planning is an essential step to ensure that your assets are allocated according to your preferences, while also minimizing tax liabilities and easing the administrative load on your family.Despite its importance, approximately 66% of Americans do not have a will or trust, leaving many […]
Mastering the 2025 New York Estate Tax Cliff: Your Ultimate Guide
Steering Through New York’s Estate Tax challenge in 2025 As we approach teh year 2025, a important concern for residents of New York involved in estate planning is the state’s distinctive estate tax “cliff.” This particular provision means that surpassing a certain limit by even a small margin can result in taxation on the entire […]
Discover the True Cost of Setting Up a Trust in New York!
Estimating the Expense of Establishing a Trust in New York for 2025 As you plan your estate strategy for 2025, understanding the financial implications of setting up a trust in New York is crucial. Creating a trust is an essential move for many residents aiming to safeguard their assets and ensure their family’s future. Though, […]
2025 Federal Estate Tax Exemption Changes
Understanding the 2025 Federal Estate Tax Exemption Changes in New York As we approach 2025, a significant shift is on the horizon for federal estate tax exemptions, and New York residents need to be especially prepared. Specifically, the scheduled sunsetting of certain provisions from the Tax Cuts and Jobs Act of 2017 will cause substantial […]