After months of intense negotiations, on July 4, 2025, the One Big Beautiful Bill (OBBB) was signed into law making various changes to the tax code that impacts estate, gift and income tax planning.
Increased Estate, Gift...more
7/22/2025
/ Capital Gains ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Gift Tax ,
Income Taxes ,
New Legislation ,
One Big Beautiful Bill Act ,
Qualified Small Business Stock ,
SALT ,
State Taxes ,
Tax Deductions ,
Tax Exemptions ,
Tax Planning
On June 12, 2021, New York’s new Power of Attorney law (A.5630-A/S.3923-A) went into effect. As a reminder, the law simplifies New York’s Power of Attorney form and implements penalties for improper rejection of a New York...more