I. Understanding the Benefits of Stepped-Up Basis When someone passes away, they might leave behind valuable items like a house, car, or even stocks. In this article, we will explore the benefits of the stepped-up basis, a tax rule that…
I. Introduction A. The importance of planned giving in supporting the arts and culture scene New York City is internationally renowned for its thriving arts and culture scene, which serves as a source of inspiration, entertainment, and education for residents…
What is an Irrevocable Life Insurance Trust (ILIT)? An Irrevocable Life Insurance Trust (ILIT) is a special kind of trust you can set up to manage your life insurance policy. Once you create this trust, you can’t change or cancel…
The legal industry has long been considered a bastion of tradition, but recent advancements in technology have begun to usher in a new era of innovation. Artificial intelligence (AI) has made significant strides in recent years, and its potential applications…
The disposition of human remains involves the processes and legal requirements surrounding the handling, burial, and cremation of deceased individuals, while determining the right to make funeral arrangements can sometimes lead to disagreements among family members and loved ones. In…