AI has many upsides in today's world, but using the technology to draft a Will is a potentially risky proposition

New York State’s 529 College Savings Plans can be used to pay for a beneficiary’s qualified education expenses.  The earnings in a 529 Plan grow federally tax-deferred and qualified withdrawals are tax free. 

As the end of the calendar year approaches, it is natural to reflect on life, take stock of where you are and consider making plans for 2023 and beyond.

A growing numnber of Americans have added cryptocurrency to their portfolios. If you are one of them, is your crypto properly accounted for in your estate plan? 

President Biden recently proposed major tax changes with the aim of generating billions in additional revenue to fund the $1.8 trillion American Families Plan.

New York State has now designated COVID-19 as a “highly contagious communicable disease” as defined under the New York Health and Essential Rights (HERO) Act.

In October 2019, Donald Trump announced he was switching his residency from New York to Florida. From a tax perspective, it made perfect sense.

The Achieving a Better Life Experience (ABLE) Act of 2014 was developed and implemented as a vehicle to allows states to create tax-advantaged savings programs for certain people who have disabilities which are present before age 26. The ABLE initiative allows for any individual to make annual contributions up to the annual gift-tax amount (currently $15,000) with a maximum allowed balance of $100,000.  The earnings and distributions are tax-exempt, provided the funds are used to pay for qualified disability expenses of the designated beneficiary. Some examples of qualified disability expenses include education, housing, transportation, employment training, financial management, and health.