The process of estate planning can involve the implementation of wealth preservation strategies if you are exposed to the federal estate tax. This tax is not applicable on transfers to your spouse if you are married to an American citizen, but it can be applied on transfers to others.
When you consider the implications, the logical response would be lifetime gift giving. You could essentially give your loved ones their inheritances in advance while you are living to avoid the estate tax.
Click here to read the whole report or download the PDF.
Mark S. Eghrari is an attorney in private practice in Smithtown, New York. He has been in practice since 1988. Mark S. Eghrari provides extensive estate and tax planning services to individuals and businesses. Mr. Eghrari’s primary focus is helping clients avoid probate, minimize or eliminate Federal and State Estate taxes and protect their assets from the high cost of nursing care, if they become ill Read More!
Latest posts by Eghrari Law Firm (see all)
- All Wills Are Not the Same: Which Type Is Right for Your New York Estate Plan? - October 7, 2026
- What You Should Know About Creating a Special Needs Trust in New York - September 23, 2026
- Recognizing the Signs of Elder Abuse in New York - September 9, 2026
What Are the Differences Between Medicare and Medicaid
See Larger Map
Get Directions