Recent Publications - Jeffrey S. Greener


What Would Joe Do (about Estate Taxes)?
March 26, 2021 | Tax | Trusts & Estates

Estate tax “reform” continues to be a prime objective for Democrats.

On the heels of more and more talk in Washington about the inequality of the U.S. tax system, Senator Bernie Sanders has just introduced legislation to impose a progressive tax on America’s wealthiest 5%. According to the Joint Committee on Taxation, the goal of

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The Time to Plan for Tax Code Changes Is Now
October 19, 2020 | Trusts & Estates

The election is only weeks away, and with it is likely to come significant changes to the tax code. Many economists anticipate that, regardless of the outcome, there will likely be tax increases to reduce the federal deficit, which now stands at over $3 trillion.

Since those changes could take effect as early as January

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Without a Plan, the State Decides Where Your Assets Go
May 20, 2020 | Trusts & Estates

You’ve heard the adage: Those who fail to plan, plan to fail. Never is that more true than with estate planning.

When you create an estate plan, you choose exactly who gets your assets, how they get them and in what manner you will pass those assets to your loved ones. An estate plan often

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10 Steps to Protect Your Loved Ones From Elder Fraud Abuse
April 21, 2020 | Trusts & Estates

We have an elder fraud epidemic in this country. By one estimate, one in 10 people in the United States over the age of 65 falls victim to financial fraud every year. Telephone scams, caretaker abuse and contractor fraud are just three of the most common forms of this exploitation. As baby boomers grow older,

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Lower Stock Prices’ Silver Lining: Good Time to Gift Assets
April 2, 2020 | Tax | Trusts & Estates

The recent stock market volatility due to the coronavirus has understandably caused concern. When the market drops, however, it presents a great estate planning opportunity. Then, it’s the perfect time to gift assets to loved ones at a significant discount, something that would not have been possible even one month ago.

Lower stock prices allow

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An Important Message during Difficult Times
March 30, 2020 | Tax | Trusts & Estates

Friends and colleagues-

My thoughts are with you during these uncertain times.

First and foremost, I want you and your family to stay safe and healthy. Social distancing is a small price to pay for guarding the wellness of our most vulnerable.

Second, I am sure you are anxious about your health and the health

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11 Estate Planning Myths Debunked
July 25, 2018 | Trusts & Estates

Misconceptions about wills, trusts and estate planning in general abound. Here, we help you separate fact from fiction.

1.      Estate planning is only for the wealthy.

Besides preserving and protecting assets, estate planning preserves dignity. It allows you to make decisions about your physical and mental healthcare while you are able to do so, before

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New Medicaid Planning Tool
August 22, 2017 | Trusts & Estates

The most costly item in retirement isn’t housing; it’s healthcare. According to the AARP, some 70% of Americans will require long-term care during their lifetime.

With nursing homes in New York costing $12,000 to $14,000 per month and the future of Social Security and Medicare unclear, many retirees risk financial ruin unless they have put

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Planning For Long Term Care: The Irrevocable Income Only Trust
August 5, 2016 | Trusts & Estates

After many years of hard work, sacrifice and saving, most people look forward to a secure and stress-free retirement. Few, however, consider the probability of needing costly long-term care, either at home or in a nursing home.

According to the AARP, approximately 70% of Americans will need some type of long-term care. Nursing homes in

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Trusts, Estates & Taxation Newsletter – Winter 2013
January 31, 2013 | Trusts & Estates

Please click the link below to view the Trusts, Estates & Taxation Newsletter – Winter 2013. Adobe Reader is required to view the bulletin. If Adobe Reader is not installed on your PC, click here to download and install.

Trusts, Estates & Taxation Newsletter – Winter 2013

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Home Is . . . Where the Domicile Is? – Part II of a two-part series
January 31, 2013 | Trusts & Estates

In our fall newsletter, we advised you of the intense review given a residency audit.  In the second part of this article, we have outlined the following steps that should be taken to successfully transition into a new domicile:

  • Declare your new state to be your place of domicile and residence in all forms
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Home Is . . . Where the Domicile Is?
August 31, 2012 | Trusts & Estates

While “home is where the heart is”, “domicile” is where the tax savings reside.  Determining one’s domicile becomes very important when a person has connections with New York and another state, and they want to avoid being subject to New York State tax. 

New York State Tax Law Section 605(b) says simply that if you’re

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Trusts, Estates & Taxation Newsletter – Fall 2012
August 31, 2012 | Trusts & Estates

Please click the link below to view the Trust, Estates & Taxation Newsletter-Fall 2012. Adobe Reader is required to view the bulletin. If Adobe Reader is not installed on your PC, click here to download and install.

Trust, Estates & Taxation Newsletter-Fall 2012

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