Understanding the importance of working with a fiduciary. Fiduciaries are responsible for acting in the best interest of the individuals they serve, and are entrusted with a high standard of care. A corporate fiduciary provides experience and objectivity needed to manage family trusts for the long term.Establishing a trusted relationship with an experienced fiduciary is critical to helping you preserve and protect your wealth for generations to come.
Explore how a ‘backdoor’ Roth IRA or Health Savings Account may help you save more for retirement. If your income is too high to make direct Roth IRA contributions, converting a traditional IRA to a Roth may be a viable option.Health Savings Accounts may offer a tax saving opportunity, as contributions are tax deductible and withdrawals are tax free if used for qualified medical expenses.
Learn about legislative developments in 2018 for the state of New York, including an overview of new legislation, important regulatory guidance, and instructive case law, including:Prenuptial agreements must be acknowledged.New York decouples from federal income tax changes regarding alimony, miscellaneous itemized deductions, and 529 Plan withdrawals for K-12th grade.