The Impact of the 2024 Election on Estate Planning
The Impact of the 2024 Election on Estate Planning: A New York Perspective As experienced estate planning attorneys, we at Morgan Legal Group recognize the significant uncertainty surrounding tax laws and the need for a proactive approach, particularly due to the 2024 elections. Specifically, elections can bring about policy shifts that may directly affect estate […]
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 […]
Navigating New York’s Estate Tax Cliff in 2025
Navigating New York’s Estate Tax “Cliff” in 2025 As we move toward 2025, a critical consideration for New York residents engaged in estate planning is the state’s unique estate tax “cliff.” Specifically, New York law includes a provision where exceeding a certain threshold by even a small amount can trigger taxation of the entire estate, […]
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 […]
All about Living Trust in 2025
Living Trusts in 2025: What You Need to Know As we move towards 2025, the importance of strategic estate planning continues to grow, especially for those living in New York State. Specifically, living trusts have emerged as a cornerstone of effective estate planning, offering numerous advantages over traditional wills. However, it’s crucial to understand the […]
Living trust Brooklyn
Securing Your Future: Living Trusts in Brooklyn, New York For many, the desire to secure their legacy and provide for their loved ones drives their estate planning efforts. In Brooklyn, with its unique blend of communities and diverse family structures, establishing a comprehensive estate plan can feel overwhelming. However, the revocable living trust is one […]
NY Estate Planning & Probate Lawyers
Navigating Life’s Transitions: Expert Legal Guidance in New York Life is a journey filled with significant milestones and transitions. At Morgan Legal Group, we understand that these moments often require careful legal planning and execution. Serving New York City and surrounding areas, our experienced attorneys provide compassionate and strategic counsel in estate planning, probate, guardianship, […]
How Does A Medicaid Asset Protection Trust Work In NYC?
Protecting Your Future: Understanding Medicaid Asset Protection Trusts in New York City Planning for long-term care can be daunting, particularly when considering the significant costs associated with nursing homes and assisted living facilities. In New York City, navigating the complexities of Medicaid eligibility while preserving your hard-earned assets requires careful planning and a thorough understanding […]