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Reena Gulati Blog

The Strategic Use of Life Insurance in Estate Tax Planning
Life insurance is not just a financial safeguard for beneficiaries. It is also a pivotal tool in minimizing estate tax liabilities in comprehensive estate planning, especially for high-net-worth individuals. Because of the dual functionality of life insurance, it is critical to consult an attorney about how to use it strategically to achieve your goals.
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Navigating the Challenges of Cross-Border Estate Planning
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.
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The Impact of New York's Decanting Statute on the Ability to Modify a Trust
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.
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Digital Asset Management in Estate Planning
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.
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How Does Divorce Affect Your Estate Planning?
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.
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