In this video, Russel Morgan, New York Contributing Attorney for the American Estate Planning Series, explains several important ways New York estate planning differs from planning in other states.
Russel discusses:
New York estate tax and the estate-tax “cliff”
Why each estate plan should begin with the client’s individual goals
How probate works through New York Surrogate’s Court
The importance of identifying and confirming heirs and next of kin
New York’s probate and administration procedures
Why state-specific planning matters for real estate, tax basis, asset preservation, elder planning, and probate avoidance
Estate planning is not one-size-fits-all. Understanding the rules that apply in New York can help individuals and families make more informed decisions about their wills, trusts, property, and long-term planning.
Learn more about estate planning in New York:
Russel Morgan
New York Contributing Attorney
Founder, Morgan Legal Group
Website:
Phone: 888-529-1315
American Estate Planning Series
Practical estate planning education, state-specific guidance, and experienced local attorneys.
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By: American Estate Planning Series
Title: What Makes Estate Planning in New York Different?
Sourced From: www.youtube.com/watch?v=1dIbT6kWkRc
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