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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.
Reena Gulati Blog
In today’s fluctuating economic climate, particularly with the unpredictable swings in interest rates, safeguarding your real estate investments is paramount. By taking some practical steps and working with the right attorney, you can make your real estate portfolio more resilient and protect your investment.
Interest rates have a nuanced impact on residential lease agreements, necessitating adept legal navigation. An experienced attorney can assist landlords and tenants in understanding these implications and ensuring compliance with New York real estate laws.
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.
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.