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Testamentary Trusts: The Best of Both Worlds
You have several different options when it comes to creating the right estate plan. Some people believe that a revocable ...
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Why You Might Have an Estate Tax Issue Soon
The Countdown Begins: Will We Keep the $10 Million Exemption? The year 2026 is quickly approaching, bringing substantial changes that ...
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Client Alert: CTA Imposes New Small Business Reporting Requirements Effective January 1, 2024
As of January 1, 2024, a new law called the Corporate Transparency Act (CTA) has gone into effect, which may ...
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2024 Federal Estate & Gift Tax Amount & New York Basic Exclusion Amount
On November 9, 2023, the IRS issued Revenue Procedure 2023-34, providing the annual inflation adjustments for tax provisions to be used ...
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Canarick & Canarick
Important Tax Update
Last week, the House Ways and Means Committee released its proposed tax plan to fund the $3.5 trillion “Build Back ...
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Canarick & Canarick
Proposed Bills Which would Negatively Impact Gift & Estate Tax Laws
The aggressive changes being sought after are an indication that some level of transfer tax reform is likely to be ...
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Canarick & Canarick
Happy New Year 2021
Happy New Year to you and your family!  Each year I send an e-mail to my clients to provide updates ...
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Canarick & Canarick
Election Year Estate Planning
Protecting Your Assets in Advance of Possible Tax Law Changes The Federal estate tax exemption has not decreased in nearly ...
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Canarick & Canarick
Why You May Not Have A Say in Medical Emergencies for Your College-Aged Child
Each year approximately four million American children will turn 18. This can be an exciting time in one’s life – ...
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Canarick & Canarick
Important Information That Will Impact Retirement Accounts
The SECURE Act of 2019 On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement ...
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