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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 tax exemption and the introduction of “porting” of an unused spouse’s exemption by the surviving spouse, are these types of trusts […]

Probate can be an exhausting process. Court rules, strict deadlines, and long, drawn-out procedures can all add stress and hassle that you don’t need. But what are the options for avoiding probate in New York State, and why might it make sense for you? We explore this information below. If you’re working to avoid the

Many of us have family members who eventually cannot manage their affairs. A degenerative illness, a serious injury, a developmental disability, among other circumstances, are why guardianship proceedings exist in New York. Understanding guardianship is important but can be confusing. Keep reading to learn more about guardianship in New York from the estate planning attorneys

Chaves Perlowitz Luftig, LLP is proud to announce that Attorney Andrew Luftig has been selected as a recipient of a 2021 SuperLawyers Award. SuperLawyers is a highly regarded legal rating service that is part of Thomson Reuters. Every year, it compiles lists of the top lawyers in more than 70 distinct practice areas in each

Many of today’s home buyers with the means to do so will use cash offers to attract sellers who want to avoid financing issues and enjoy expedited closings. If the terms are the same for an all cash offer vs financing, the seller will likely take the all cash offer for the house because it

If you’ve lost a loved one, probate might be required to settle their affairs and distribute their estate. Because this process can be time-consuming, families frequently ask, “How long does it take for probate to complete?” While most estates are probated in about one year, different factors could make the process shorter or much longer.

The attorneys at Chaves Perlowitz Luftig LLP are proud to sponsor God’s Love We Deliver, a wonderful charity that brings meals to the chronically ill in New York City. Every year, the organization delivers 2.5 million medically tailored meals to the sick, their families, and caregivers. Why CPL Donates “CPL Law donates to God’s Love

Administering an estate is the important process of managing a person’s assets and liabilities after they die. Estate administration involves several key steps that can be difficult to understand or carry out without the help of an attorney.  Understanding the duties of an estate administrator is important if someone you love dies without a will

The United States opened its borders to international visitors on November 8, ending a 20-month travel ban initially instated to prevent the further spread of COVID-19. As airlines gear up for a surge in overseas customers, another industry expects a fresh influx of international business ― real estate.  Are you preparing to purchase real estate

When it comes to your health care decisions, the person whose opinion matters the most is you. Medical decisions will directly affect your life, so it’s important to solidify what decisions are best for you. But what happens if you’re incapacitated somehow and cannot make key decisions regarding your health? Thankfully, New York provides a