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Understanding the intersection of Revocable and Irrevocable trusts is the key to mastering your family's tax liability. From leveraging the "SALT" deduction in a Non-Grantor trust to navigating New York's 3-year gift "clawback," every move you make today impacts your heirs' inheritance. This final installment of our series reveals how your Will and Trust work together to maximize your exemptions and "Fix" your tax roadmap for good.

Most people assume that as a spouse or child, they automatically have the right to make decisions for an incapacitated loved one. They are wrong. This post explains New York Guardianship (Article 81 and 17-A), why it is necessary when an adult loses capacity, and how proactive estate planning can help your family avoid the expensive court process entirely.