Estate Planning — New York State

What Is the New York Estate Tax Cliff (and How to Avoid It)?

Thu, 18 Jun 2026 20:29:55 +0000

The New York estate tax “cliff” is a quirk in state law that can cause an estate to lose its entire estate-tax exemption if its value rises just slightly above a certain threshold. In 2026, New York shields the first $7,350,000 of an estate from tax. But if your estate exceeds 105% of that figure […]

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Medicaid Planning and Your New York Estate (5-Year Look-Back)

Thu, 18 Jun 2026 20:29:55 +0000

Medicaid planning is the process of legally arranging your assets so that, if you ever need long-term nursing-home care, you can qualify for New York Medicaid without being forced to spend your life savings first. The single most important rule to understand is the 5-year look-back: when you apply for institutional (nursing-home) Medicaid in New […]

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Including Digital Assets in Your New York Estate Plan

Thu, 18 Jun 2026 20:29:55 +0000

To include digital assets in your New York estate plan, you name who can access them and grant that person legal authority through the core documents you already use — your will, a trust, and especially your durable power of attorney — while leaving clear instructions and an inventory so your loved ones can actually […]

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How Often Should You Update Your Estate Plan in New York?

Thu, 18 Jun 2026 20:29:55 +0000

As a general rule, you should review your New York estate plan every three to five years, and you should update it sooner whenever a major life event happens — a marriage, a divorce, a birth, a death, a big change in your assets, or a move into or out of New York. An estate […]

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Health Care Proxy vs. Power of Attorney in New York

Thu, 18 Jun 2026 20:29:55 +0000

The short answer is this: a health care proxy lets someone make your medical decisions when you cannot, while a power of attorney lets someone manage your financial and legal affairs. They are two separate New York documents governed by two separate laws, and they appoint your agents for two completely different jobs. One does […]

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A New York Estate Planning Checklist for 2026

Thu, 18 Jun 2026 20:29:55 +0000

A complete New York estate plan for 2026 comes down to four coordinated documents — a will, one or more trusts, a durable power of attorney, and a health care proxy — working together to control who inherits your property, who manages your affairs if you cannot, and how much (if any) New York estate […]

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Estate Planning While Your Green Card Is Pending in New York

Sun, 22 Feb 2026 17:10:00 +0000

Pending green card or citizenship in New York? Learn how to protect your spouse and children with a will, trust, and the right specialist for each step.

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