Month: March 2023

Month: March 2023

How many accidents do the safest drivers have?

In New York, insurance companies use complex models to estimate the frequency of car accidents and have found that the average driver files a car accident claim about once every 18 years. Certain factors play into a driver's chances of avoiding accidents, and the...

Understanding charitable remainder trusts in New York

For philanthropic-minded investors hoping to minimize taxes while generating income for themselves or their heirs in New York, a charitable remainder trust (CRT) is an effective planning tool. A CRT is a type of trust that allows the grantor to transfer assets into...

2023 Estate taxes explained: who pays and how much?

The state levies a tax on estates exceeding a specific fair market value in New York. Every estate is also subject to federal taxes, with a more generous exemption. The estate tax is sometimes confused with the inheritance tax, but the two are separate and affect...

A guide on how to make a will

Making a will is an important step in ensuring that your assets and possessions are distributed according to your wishes after you pass away. While it may not be the most pleasant thing to think about, creating a will in New York can provide peace of mind and ensure...

Understanding the tax deductibility of crowdfunding donations

Crowdfunding has helped many people in New York raise money online. This money can be used for charities, businesses, and as gifts. Many are surprised to learn that money raised through crowdfunding might be taxable. When is crowdfunding money considered a gift? The...

How donating to charity can impact your taxes

Many people throughout New York take part in charitable giving. For instance, you might donate unwanted clothing to a local charity. You might also be someone who gives away millions each year to charitable organizations. Besides helping those in need and making you...

What can cause a rollover accident?

All car accidents are traumatic, but one of the most dangerous is a rollover accident. New York residents who experience these collisions often suffer severe injuries that may last a long time or even be permanent. These are the causes of rollover accidents. Reckless...

Read More

Month: March 2023

Month: March 2023

How many accidents do the safest drivers have?

In New York, insurance companies use complex models to estimate the frequency of car accidents and have found that the average driver files a car accident claim about once every 18 years. Certain factors play into a driver's chances of avoiding accidents, and the...

Understanding charitable remainder trusts in New York

For philanthropic-minded investors hoping to minimize taxes while generating income for themselves or their heirs in New York, a charitable remainder trust (CRT) is an effective planning tool. A CRT is a type of trust that allows the grantor to transfer assets into...

2023 Estate taxes explained: who pays and how much?

The state levies a tax on estates exceeding a specific fair market value in New York. Every estate is also subject to federal taxes, with a more generous exemption. The estate tax is sometimes confused with the inheritance tax, but the two are separate and affect...

A guide on how to make a will

Making a will is an important step in ensuring that your assets and possessions are distributed according to your wishes after you pass away. While it may not be the most pleasant thing to think about, creating a will in New York can provide peace of mind and ensure...

Understanding the tax deductibility of crowdfunding donations

Crowdfunding has helped many people in New York raise money online. This money can be used for charities, businesses, and as gifts. Many are surprised to learn that money raised through crowdfunding might be taxable. When is crowdfunding money considered a gift? The...

How donating to charity can impact your taxes

Many people throughout New York take part in charitable giving. For instance, you might donate unwanted clothing to a local charity. You might also be someone who gives away millions each year to charitable organizations. Besides helping those in need and making you...

What can cause a rollover accident?

All car accidents are traumatic, but one of the most dangerous is a rollover accident. New York residents who experience these collisions often suffer severe injuries that may last a long time or even be permanent. These are the causes of rollover accidents. Reckless...

Read More