Effective today, the New York State Estate Tax exclusion amount has been increased to $4,187,500.
Read More
The IRS recently announced the updates to the federal estate and gift tax rates for 2016. Under federal law, the rates are tied to inflation and are reviewed annually for changes.
Read More
On April 1, 2014, Governor Cuomo signed the New York Executive Budget for 2014-2015.
Read More
The Stowe Law Firm, LLC is now offering an estate planning questionnaire that can be completed online. You can use your mobile phone, tablet or computer to complete your questionnaire and you no longer have to go through the cumbersome task of filling out a PDF or completing the questionnaire by hand.
Read More
When you consider your estate plan you often think about your home, bank accounts, family heirlooms, etc. Many do not consider their digital "footprint".
Read More
An important part of estate planning is reviewing beneficiary designations. It is important to review these to ensure that they match your overall goals and intentions.
Read More
The IRS announced the 2015 Federal Estate Tax exemption is increasing $90,000 to $5.43 million per person.
Read More
A trust is a written arrangement by which one person (trustee) holds property for the benefit of another person or persons (beneficiary).
Read More
Many people think that because they do not have one million dollars in a bank account that they should not be concerned with New York State's estate tax. However, it is important to know what is included in an estate for estate tax purposes.
Read More