Parisi, Coan & Saccocio, PLLC - Trusts & Estates

11/28/2022

The recent deaths of the actress Anne Heche and Her Majesty Queen Elizabeth II can teach us vital lessons about the necessity of estate planning and the consequences of not doing it.

The recent deaths of a well-known actress and the queen of England put planning for your estate into perspective.

11/25/2022

"The executors of the Jackson estate want to reportedly reclaim the property, claiming it’s worth an estimated seven figures."

If you think about pop music, one name typically comes to mind — Michael Jackson.

11/23/2022

Under New York’s laws, only specific individuals have the ability to challenge the probate of a will. They must have a financial interest and be adversely affected by it. Here are the most common legal grounds for contesting a will in New York.

Parisi, Coan & Saccocio, PLLC, provides aggressive representation to individuals contesting a will in New York. Call us today to learn more about the process.

11/21/2022

Does adding an in terrorem provision (no-contest clause) to a will or revocable trust discourage estate litigation?

From contentious relatives to scam artists, wills are not immune to the threat of a contest. If you have an inkling such a fight could be in your estate’s future, here are some ways to limit the risk.

11/17/2022

Due to the high rates of inflation, the IRS recently announced an adjustment to the exemption amount for 2023. Here's what you need to know.

Due to the high rates of inflation, the IRS recently announced an adjustment to the exemption amount for 2023.

11/16/2022

More than 60 tax provisions, including the standard deduction, tax brackets, and the alternative minimum tax exemption, have been adjusted for inflation by the IRS.

More than 60 tax provisions, including the standard deduction, tax brackets, and the alternative minimum tax exemption, have been adjusted for inflation by the IRS. Here's what you need to know.

11/14/2022

The IRS recently announced several cost-of-living adjustments in light of the high rates of inflation. Here's what you need to know.

11/07/2022

"These increases are part of the agency’s annual inflation adjustments, affecting federal income tax brackets, standard deductions and dozens of other provisions."

Starting in 2023, individuals can transfer up to $12.92 million to heirs, during life or at death, without triggering a federal estate tax bill.

11/03/2022

"Each tax bracket has been adjusted for 2023 to account for inflation."

The higher your income, the more valuable proactive tax planning guidance can be. There is some good news from the IRS as they announce the new standard deduction and new tax brackets for 2023.

10/31/2022

"The changes are part of annual adjustments made to help the contribution limits keep pace with inflation."

The changes are part of annual adjustments made to help the contribution limits keep pace with inflation.

10/28/2022

We can help you plan for the future, protect your assets, and ensure your beneficiaries are taken care of by helping you create a comprehensive estate plan and reviewing it on a regular basis, particularly during major life events. Schedule a consultation today at 914 - 228 -7448.

A recent survey from AARP found that two out of five Americans over the age of 45 do not have a will. Even fewer have an estate plan, according to the online CNBC article, 67 percent of Americans have no estate plan.” Last week was National Estate Planning Awareness Week, a reminder that when a [....

10/26/2022

We definitely aren’t billionaires.