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Estate Tax News
As Probate and Estate Tax Attorneys, we feel it is important that our clients to stay abreast of the latest
news and events associated with probate and estate tax law.
Congress has approved a schedule that has increased the tax free amount one can leave to his/her heirs to
$2 million for 2006-2008 and to $3.5 million in 2009.
In 2010, the estate tax will be temporarily revoked for one year and replaced with an income tax.
However, in 2011 the estate tax will be reinstated with a reduced exemption of $1,000,000.
If this occurs, many taxpayers will be subject to a harsh estate tax.
Please visit our site regularly to see what new events have materialized.
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SCHWARTZ & FANG, P.C.
Estate Planning & Probate Attorneys
A renowned estate, probate and tax planning law firm which represents many prominent families and their closely-held businesses in the metropolitan New York City and Long Island area.
Our commitment to excellence and our focus on the individual needs and concerns of our clients is what sets us apart from the other estate planning and probate law firms.
We are known as "problem solvers" and "trusted advisors" for our clients, taking a proactive approach to their needs. We stress the benefits of a full analysis of the legal problems facing a client, and to employ creative and flexible approaches to resolve those problems, all within the economic realities of the issue in question.
In addition to possessing extensive legal experience, our attorneys are licensed Certified Public Accountants who have spent years mastering the tax implications of decisions made during the estate planning and probate process. We are able to detect ways to minimize your estate and income tax exposure while accomplishing your goal to transfer wealth to your loved ones.
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