Schwartz, Fang & Keating, P.C.

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Woodbury, NY
Schwartz, Fang & Keating, P.C.

Over 30 Years of Probate & Estate Tax Experience. Schwartz, Fang & Keating, P.C. The firm, under the collaboration of Stephen J. Schwartz, Neil B.

is a boutique law firm that specializes in estate and retirement planning, probate and elder care. Fang, and Stephanie M. Keating, who are also Certified Public Accountants, has collectively more than fifty years of Trust and Estate experience. At Schwartz, Fang & Keating, clients are given responsive and prompt attention. Together with the Firm’s trusted and experienced team, Schwartz, Fang & Kea

ting offers their clients advice that is designed to address their specific needs using flexible and creative approaches. Schwartz, Fang & Keating maintains offices on Long Island as well as New York City and New Jersey. Our client base is, as a result, extensive, and includes many prominent families.

08/26/2026

Protect your business and your estate with a buy-sell agreement

Do you hold an interest in a business that’s closely held or family owned? If so, a buy-sell agreement should be a component of your estate plan. It establishes how your ownership interest (and those of other owners) will be handled following certain triggering events, including death, disability, divorce, retirement, termination of employment or withdrawal from the business. But that’s not all. Read More: https://www.inheritlawyers.com/protect-your-business-and-your-estate-with-a-buy-sell-agreement.html

08/18/2026

If your spouse died this year, should you file a joint federal tax return next April?

The death of a spouse brings significant personal and financial changes, including important tax considerations. One question surviving spouses face is how to file their federal income tax returns for the year of death. Read More: https://www.inheritlawyers.com/if-your-spouse-died-this-year-should-you-file-a-joint-federal-tax-return-next-april.html

08/12/2026

A QPRT may be the right “home” for your primary or secondary residence

As property values continue to rise, homeowners with large estates may be looking for ways to preserve family wealth while minimizing future estate tax exposure. One strategy that may help accomplish these goals is a qualified personal residence trust (QPRT). Read More: https://www.inheritlawyers.com/a-qprt-may-be-the-right-home-for-your-primary-or-secondary-residence.html

07/29/2026

Have concerns about a beneficiary mismanaging an inheritance? A spendthrift trust may be the answer

An important decision you must make when creating your estate plan is who’ll inherit your assets. While many of your beneficiaries are likely capable of managing an inheritance responsibly, others may be vulnerable to financial pressures, creditor claims, poor spending habits or other challenges that could erode the wealth you’ve worked hard to build. Read More: https://www.inheritlawyers.com/have-concerns-about-a-beneficiary-mismanaging-an-inheritance-a-spendthrift-trust-may-be-the-answer.html

07/23/2026

A psychiatric advance directive addresses mental health in your estate plan

You may be familiar with estate planning documents such as an advance health care directive (sometimes referred to as a “living will”) and a health care power of attorney (HCPA), but you may not realize that you can also document your preferences for future psychiatric care with a psychiatric advance directive (PAD). It can play an important role if you ever suffer a mental health crisis. Read More: https://www.inheritlawyers.com/a-psychiatric-advance-directive-addresses-mental-health-in-your-estate-plan.html

07/16/2026

IRS provides gift tax reporting relief for Sec. 530A account contributions

Section 530A accounts, also known as “Trump accounts,” are available for contributions as of July 4, 2026. Created by last year’s One Big Beautiful Bill Act, they’re custodial, tax-advantaged accounts opened by a parent or guardian for an eligible child under age 18. In late June, the IRS issued Revenue Procedure 2026-25, which, among other things, allows qualifying 530A account contributions to be treated as completed gifts rather than gifts of a future interest. The upside is that your contributions can qualify for the gift tax annual exclusion and you may not have to file a gift tax return (Form 709) — but only if certain requirements are met. Read More: https://www.inheritlawyers.com/irs-provides-gift-tax-reporting-relief-for-sec-530a-account-contributions.html

07/07/2026

Is a joint trust better than separate trusts? Not necessarily

A single joint living trust with your spouse can simplify the management of shared assets, but separate trusts may offer enhanced asset protection and tax planning opportunities. Which option is right for your estate plan depends on a variety of factors, including your and your spouse’s combined assets, financial goals, family circumstances and applicable state law. Read More: https://www.inheritlawyers.com/is-a-joint-trust-better-than-separate-trusts-not-necessarily.html

07/02/2026

Proper planning can ease the pain of the probate process

When a loved one passes away, settling his or her financial affairs can be an emotional and complex task. One legal process that often comes into play is probate. Understanding how probate works — and implementing strategies to minimize or avoid it — can help you protect your assets and simplify matters for your family after your death. Read More: https://www.inheritlawyers.com/proper-planning-can-ease-the-pain-of-the-probate-process.html

06/23/2026

Qualified disclaimers help your estate plan change with the times

Estate planning is intended to help ensure that your assets are distributed according to your wishes. But circumstances can change in ways that are difficult to predict. A qualified disclaimer allows disclaimed assets to pass from a primary beneficiary to a contingent beneficiary without negative tax consequences. This flexibility can be beneficial in a variety of situations. Read More: https://www.inheritlawyers.com/qualified-disclaimers-help-your-estate-plan-change-with-the-times.html

06/10/2026

Transfer assets tax efficiently with a GRAT

A properly structured grantor retained annuity trust (GRAT) can be a powerful tool for those with estates large enough that gift and estate taxes are a concern. It allows you to transfer wealth to your loved ones at little or no tax cost while continuing to enjoy an income stream for a period of years. However, there are some drawbacks to a GRAT. Read More: https://www.inheritlawyers.com/transfer-assets-tax-efficiently-with-a-grat.html

Address

6800 Jericho Turnpike, Suite 201W Syosset
Woodbury, NY
11791

Opening Hours

9am - 5pm

Telephone

+15164880100

Website

http://www.inheritlawyers.com/

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