Impending Changes to Federal Estate Tax Exemptions in 2026
Impending Changes to Federal Estate Tax Exemptions in 2026: A Guide for New York Residents As we move closer to 2026, New York residents need to understand the significant changes that are on the horizon regarding federal estate tax exemptions. Specifically, the scheduled reduction of the federal estate tax exemption from approximately $14 million to […]
Utilizing Life Insurance in Estate Planning Amid 2025 Tax Changes
Utilizing Life Insurance in Estate Planning Amid 2025 Tax Changes: A New York Perspective As experienced estate planning attorneys at Morgan Legal Group, we understand that preparing for the future requires a multifaceted approach, addressing not only the transfer of assets but also the complexities of estate taxes and the need for adequate liquidity. Specifically, […]
Mastering Digital Legacy: Essential Estate Planning for 2025
Managing Digital Assets in Your Estate Plan 2025: A Guide for New Yorkers At Morgan Legal Group, our experienced estate planning attorneys are acutely aware of the swift evolution of the digital landscape and its implications for estate planning in New York and beyond. Incorporating digital assets—ranging from online accounts to virtual properties—into your estate […]
Unlocking the Future: How Revocable Living Trusts Will Transform Estate Planning in 2025
The significance of Revocable Living Trusts in 2025 Estate Planning: A New York Outlook At Morgan Legal Group, our experienced estate planning attorneys recognize the distinct challenges adn opportunities faced by New Yorkers when preparing for their future. Revocable living trusts have emerged as a crucial instrument in effective estate planning, providing advantages such as […]
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 […]
Incorporating Charitable Trusts in Your 2025 Estate Plan
Incorporating Charitable Trusts in Your 2025 Estate Plan: A Strategic Approach As Morgan Legal Group looks towards 2025, we recognize that effective estate planning requires a thoughtful approach that balances personal and financial objectives with your philanthropic desires. Specifically, incorporating charitable trusts into your estate plan is a powerful way for New York residents to […]
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 […]
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. […]