Estate Planning in the Event of a Biden Presidency
Nancy Burner is the Founder and Managing Partner of Burner Law Group, a professor at Hofstra University, and a Certified Elder Law Attorney. She has been named a Super Lawyer in the field of Elder Law for 11 consecutive years. She joins Stacy Francis today to discuss the important things you should know with regards to estate planning in the event of a Biden presidency.
- Estate and trust planning should always be done with a certified attorney, as it is very easy to make a mistake when you don’t know the tricks of the trade.
- If you give a gift in your lifetime and survive that by three years, it does not come off your estate tax under New York State law.
- The best way to leave assets for your children and their descendants is through a trust.
- A trustee is the manager of the trust assets. Beneficiaries are those who derive advantages from the trust assets.
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