According to the New York Post, the grandmother of Luigi Mangione, alleged killer of United Healthcare CEO Brian Thompson, left Mr. Mangione and her other heirs a substantial fortune when she passed away in 2023. The Post and other sources estimate an estate worth between $30 million and $100 million, which is apparently held in Trust for the family. However, …

The election of Donald Trump as president could affect estate planning in several ways. Here are some key areas where a Trump presidency might influence estate planning: 1. Estate Taxes: One of the most significant changes could come from the federal estate tax. Under the first Trump administration, there was a push to reduce or even eliminate the estate tax. …

One of the key considerations in estate planning is deciding between per stirpes and per capita distribution methods. While both approaches aim to distribute assets among descendants, they differ significantly in their execution and implications. It’s important to understand the difference between both distribution methods when deciding how you want your estate to be administered. Per Stirpes Distribution Per stirpes, …

A will is a crucial legal document that ensures your assets are distributed according to your wishes upon your death. In the state of New York, having a well-drafted will provides numerous benefits and advantages for individuals. Some of those benefits include the following: Control Over Asset Distribution: By having a New York will, you retain control over how your …

Introduction: In the realm of estate planning and wealth management, trusts have emerged as highly effective tools for safeguarding assets and securing the financial future of beneficiaries. In the state of New York, creating a trust provides individuals with numerous advantages and benefits. In this blog post, we will explore the benefits of establishing a New York trust and shed …