Gift, Estate and GST Tax Update 2024
Gift, Estate and GST Tax Exemption Increases for 2024 The federal gift and estate tax exemption is the amount that an individual can give...
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Prepare Now for Estate Tax Law Changes
As you may be aware, the current federal estate tax exemption is nearly $13 million, so that a couple may transfer almost $26 million...
We have expanded!
Hello, We hope that you had a great summer. As we move into the fall season, we would like to share some exciting news. We have expanded...
New Ruling Affects Buy-Sell Agreements
We are providing this Alert to our clients and colleagues to inform you that, following the judgment recently issued in the case Thomas...
The Biden 2024 Budget Proposal and Its Potentially Dire Impact
The Biden Administration recently released its fiscal 2024 revenue proposals which address many radical changes that would significantly...
"If You Fail to Plan, You Are Planning to Fail”
- Benjamin Franklin First and foremost, we wish all of our clients and colleagues much health, joy and prosperity in 2023! The pandemic...
Estate and Gift Tax Exemption and Exclusion to Increase in 2023
This will be the last informational newsletter that we circulate to all of our clients and colleagues. Going forward, these newsletters...
Introducing Our New Client Care Program
We were recently engaged by new clients following the death of the patriarch of their family. The patriarch had hired one of the top ten...
WEBINAR REPLAY: "Estate Planning for Cryptocurrency and NFTs"
Please click on the link below to listen to Lara Sass discuss “Estate planning for cryptocurrency and NFTs” on a webinar taped this past...
UPCOMING WEBINAR: Thursday, May 12th
Lara Sass & Associates, PLLC cordially invites you to attend the below webinar, “Estate planning for cryptocurrency and NFTs” “Estate...
Planning Amidst Uncertainty
I am writing as another year of uncertainty is underway. Events of the past two years undoubtedly will have an effect well into the...
Planning Considerations for 2022
Beginning January 1, 2022, there was an increase in the exclusion amounts for federal gift, estate and generation-skipping transfer taxes....
Some Surprises In the Reconciliation Bill
A few days ago, the latest text of the proposed reconciliation bill, the Build Back Better Act, was published. Surprisingly, this...
Important Follow Up on Recent Proposals
We had written to our valued clients and colleagues a few days ago summarizing the sweeping tax provisions proposed by the House Ways and...
IN LIGHT OF HOUSE WAYS AND MEANS COMMITTEE PROPOSALS, THE TIME TO ACT IS NOW
We have been committed throughout this year to continuously reaching out to update our valued clients and colleagues with respect to...
Tax Law Proposals You Need to Know
We have written this newsletter to update existing and prospective clients and colleagues regarding potential gift and estate tax law...
Changes Take Effect to NY Power of Attorney Law
A power of attorney (POA) allows an individual (called the principal) to appoint another individual (called the agent or...
Biden's "Green Book" Is Out
On May 28th, the Biden administration released its general explanation of tax proposals in what is often referred to as the “Green Book.”...
ANNOUNCEMENT
LARA SASS & ASSOCIATES, PLLC OFFERS A NEW ENHANCED ESTATE PLANNING PROCESS AND LAUNCHES CONCIERGE ESTATE PLANNING SERVICE New York, NY,...
The Taxman is Eyeing the Wealthy
Senator Bernie Sanders recently introduced legislation called the "For the 99.5% Act," aimed at the wealthiest Americans. The proposal...
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