Reena Gulati Blog

Estate planning can be a complex affair, and it becomes even more intricate when it involves assets and beneficiaries across multiple countries. Cross-border estate planning demands a nuanced understanding of varying legal systems, tax regimes, and inheritance laws. Because of the challenges of managing an international estate, it is critical to work with an attorney who can offer strategic solutions to ensure that your assets are protected and your wishes are executed as planned.

New York's decanting statute offers an innovative tool in estate planning, providing flexibility to adapt trusts to changing circumstances. Understanding and utilizing this statute can be particularly beneficial for high-net-worth clients in New York State.

In the realm of estate planning in New York State, a crucial but often overlooked aspect is the management of digital assets. As we delve deeper into the digital age, it's imperative to understand the legal implications and strategies for incorporating digital assets into your estate plan.

Divorce is not just a significant emotional upheaval; it also brings substantial changes to one's estate planning. As challenging as it may be, it's crucial to understand how a divorce can affect your estate plan and take steps to update and protect your assets and your legacy. If you are getting a divorce or recently divorced, here is what you need to know.

Business succession planning is a critical aspect of ensuring the longevity and stability of any business. A well-thought-out succession plan is not just a prudent choice but often a legal requirement. Here are some of the key considerations and steps involved in business succession planning in the state of New York that every business owner needs to know.