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The information contained on this website is provided for informational purposes only and should not be construed as legal advice on any subject matter.  If you wish to discuss the topics addressed on this website, or other estate planning issues, please contact Lara Sass & Associates, PLLC.

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January 20, 2020

It is early in the year, yet we are already facing a number of past, recent and upcoming changes in the laws that significantly affect estate planning in 2020.

SECURE Act

On December 20, 2019, the SECURE Act was signed into law, making significant changes to retirement p...

The percentage of women in the workforce has increased significantly over the past few decades.
Women accounted for only 32.7% of the U.S. labor force in 1948, but by 2016, the percentage grew to 56.8%.1 Women have especially made notable gains inprofessional and manag...

August 9, 2019

As I prepare for my daughter’s 18th birthday tomorrow, the Trusts and Estates attorney in me cannot help but draft this post to my clients and colleagues. 

With college just around the corner for many of our children, you have undoubtedly created a very lengthy ‘to-do’...

April 9, 2019

The very large federal and New York estate tax exemptions for 2019 provide a potentially limited window of opportunity for estate tax planning.  Specifically, the cumulative lifetime federal estate and gift tax exemption is $11,400,000 per person.  The tax rate on gift...

January 13, 2019

IT'S 2019 - HERE'S WHAT YOU NEED TO DO TO PLAN APPROPRIATELY:

1.  Reduce Your Estate Taxes and Protect Your Wealth

The federal estate tax exemption as of January 1, 2019 is $11.4 million. This exemption is scheduled to be reduced in 2026 to $5 million (inflation adj...

November 27, 2018

The IRS has just issued proposed regulations and announced increased gift and estate tax exemption amounts that offer significant opportunities with respect to making gifts.  With the lifetime federal gift and estate tax exemption amount increased to $11.18 million per...

November 7, 2018

Instead of giving your children or grandchildren a trendy gift this holiday season that will soon lose its value and appeal, consider creating a legacy gift instead.

The annual federal gift tax exclusion allows an individual to gift up to $15,000 (or $30,000 if spouses...

October 13, 2018

On October 29th, Lara M. Sass, PLLC will move its Manhattan offices to new, modern office space located on the 28th floor of Tower 46, a state-of-the-art office tower at 55 West 46th Street, off Sixth Avenue.

We look forward to welcoming you to our new offices at 55 Wes...

October 5, 2018

Probate is the judicial process of administering the estate of a deceased person.  During this process, the Surrogate’s Court decides the legal validity of the deceased person’s Last Will and Testament and grants its approval for the executor to act on behalf of the es...

August 24, 2018

As I watch my seventeen-year old daughter write her college application essay, I cannot help but draft this to my clients and colleagues.  With college just around the corner for many of your children, you have undoubtedly created a very lengthy ‘to-do’ list, including...

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