Archives for Chris Curtis

Credit Shelter Trusts- What are they and are they still relevant?

September 28, 2021 | Estate Planning

Credit shelter trusts (CST) are an interesting trust planning concept, created out of the need to make maximum use out of both spouse’s estate tax exemptions. However, with the increase in the US estate...

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Inheritance Tax vs. Estate Tax: What's the Difference?

August 16, 2021 | Estate Planning

You may have heard the term “estate tax” (colloquially known as the “death tax”) thrown around. It’s a hot-button political topic that seems to crop up every so often, typically on the federal level,...

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What is the spousal elective share, and how could it affect your estate plan?

July 28, 2021 | Estate Planning

 Virtually every jurisdiction in the world provides some protection to a decedent’s close family members preventing them from being completely disinherited. This level of protection can vary from effectively restricting a person from...

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Does New York have an estate tax?

July 23, 2021 | Estate Planning

 Yes, New York has a progressive estate tax that varies from 5% up to 16%. This means that if you are a New York resident or have assets located in NY that exceeds...

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Benefits And Pitfalls Of "Payable On Death" Accounts: The Curious Case Of Matter Of Totten And Vilhena V. HSBC

July 7, 2021 | Estate Planning

Not everyone has a trust. Some don’t even know what a trust is or how it works. Others think that trusts are one of those planning tools only utilized by the wealthy. But virtually...

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