New York Estate Planning: It’s More Than Just Having a Will  

In New York State, when you pass away, your tax can be as high as 55%. On certain assets, it can even be as high as 70%.

Insurance Products for New York Estate Planning

Some of our clients use life insurance policies as a tool to plan their estates. The cash proceeds of a life insurance policy usually transfer to beneficiaries without triggering taxes. This makes a life insurance policy a very handy way to transfer wealth to the next generation. Also, by paying premiums, many people can offer their beneficiaries a larger death benefit than they could ever do by simply selling or cashing in other assets.

Our Estate Planning Professionals are Here to Help

Proper estate planning consists of much more than simply preparing a last will, and done right, this kind of planning can minimize friction between heirs, reduce or eliminate tax bills, and preserve more value in your estate. Our estate-planning professionals have worked with a number of clients to help them transfer estates and businesses to the next generation. Call or email us today to allow us to help you and your family.