DeFreitas & Minsky Accounting Blog

Estate Planning Strategies to Preserve Your Wealth

Posted by thallissey on Aug 18, 2016 10:00:00 AM

Establishing a plan to take care of your loved ones after you are gone may be one of the best things you can do for them. If you don’t have life insurance or even a will right now, learning these four estate planning strategies will prepare you to square away your affairs.

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Topics: Financial Planning, Estate Tax

When Do I Need to File an Estate Tax Return?

Posted by Nick Gaffney on Dec 7, 2015 9:00:00 AM

Since the laws that govern estate taxes are constantly changing, it’s hard to provide a concrete explanation of when a state tax return should be filed. Filing an estate tax return is confusing enough as it is, and the inconsistency of estate tax laws only worsens the headache. With the following information, we hope to educate you on when and how to file an estate tax return.

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Topics: Tax Laws, Estate Tax

Best Ways to Give Money to Grandchildren for College

Posted by admin on Sep 16, 2014 3:49:58 PM

give money to grandchildren

It’s no secret that college is often the biggest expense a student will ever encounter. For a recent high school grad, looking the potential heaps of college debt in the face probably feels pretty daunting, but many students are fortunate enough to have family to lean on. Many grandparents help to provide financial support for their grandchildren’s college expenses.

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Topics: Tax Laws, Financial Planning, Estate Tax

How the New York Estate Tax Exemption May Have Backfired

Posted by admin on May 23, 2014 9:11:11 AM

new york estate tax

We’ve already discussed how the New York estate tax exemption has changed from last year to this year, but we haven’t talked about why it’s changed. The new legislation regarding estate taxes was passed in an attempt to keep wealthy New Yorkers from leaving the state upon retiring, but whether that’s actually working is debatable.

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Topics: Tax Laws, Financial Planning, Estate Tax

How the New New York State Estate Tax Exemption Works

Posted by admin on May 14, 2014 12:14:44 PM

New York State Estate Tax Exemption

It’s likely that you may not have heard much yet about the New New York estate tax exemption—the legislation seemed to have passed fairly quietly on March 31 of this year, going into effect on April 1. This is the beginning of a fairly long “phasing out” period, with plans for the New York state estate tax exemption to gradually increase to meet the federal estate tax exemption by 2019.

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Topics: Tax Laws, Estate Tax

Why Is Estate Planning Important?

Posted by admin on Sep 16, 2013 10:57:14 AM

why is estate planning important

Estate Planning is one of the noblest things one can do for his or her family. The purpose of estate planning is to ensure that your family will be taken care of properly in the event of your death. It ensures that all of your assets and wealth will be distributed the way you wanted, to the people you love and care about.

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Topics: Financial Planning, Estate Tax

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