Giving money to a New York charity has long been one of the very best ways to make a reliable deduction on your taxes. The rules for this sort of giving have been revised to reflect the latest tax standards. There are two new rules that you will need to pay close heed...
A person who passes away with a will transfers their property to the beneficiaries named in the will under testate. A person who passes away without a will has their property distributed through a state's intestate succession laws. The laws define which relatives...
Many New Yorkers enjoy riding bicycles as a cheaper, healthier alternative to getting in a car. If you get into an accident, it’s important to know what to do afterward. Call 911 for help A bicycle accident that involves a motor vehicle can be serious. If you’re...
For high-net-worth individuals in New York who are preparing to file their taxes, trying to minimize the tax burden without running the risk of an audit or other bad outcome. There are a lot of strategies that they can employ to meet these goals. Tax planning Many of...
A will is a key estate planning document that helps you dictate how you want your assets distributed to your heirs in the event of your death. Without it, your loved ones will have to go through probate, which takes time, money and can lead to family conflict. They...
Speeding and distracted driving are widely known to contribute to most fatal car crashes. In New York, an accident-prone vehicle is also determined by the type of manufacturer and model. Types of vehicles The type, make and model of the vehicle determines how safe it...
Summers in New York are often filled with plenty of fun trips to the water. If you enjoy boating, it’s important to stay safe and avoid these common injuries. What can cause boating accidents? Boating accidents can occur for many reasons. A person might be...
A death in the family can be upsetting and stressful without the problem of probate. Unless the deceased person has taken some precautions through probate workarounds, their estate can be taken to probate. A will is not enough protection against the probate process,...
Eliminating the amount of taxes that you pay in New York can be advantageous to your bottom line. Understanding how to decrease your tax liability begins by knowing the deductions and tax credits you can take. Increasing retirement contributions One way to minimize...
Are you a New York resident who is looking for ways to reduce your taxable income this year? If so, you may want to consider making charitable donations. These donations can help you maximize your tax deductions and lower your tax bill when done correctly. Here's a...