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Harold. M. Unger - The Unger Company | Estate Tax Planning | New York, Manhattan, Long Island, NY

August 1, 2023

It happens pretty often that we find ourselves at a social gathering, and in talking about ourselves, we talk about our professional life. When you’re part of a firm like The Unger Company, you sometimes take for granted that people will understand the terminology that we use in our work life. We realize that this isn’t always the case, so we are doing a series of “what the heck is” topics in our Mini Drilldown to let visitors to our website learn about these terms.

July 31, 2023

New Jersey is nicknamed the Garden State, and its garden has grown a doozy of a death tax! New Jersey is one of five states that applies only an inheritance tax on wealth transfer. The difference between an estate tax and an inheritance tax is that the estate tax is a tax on wealth transfer from an estate, while an inheritance tax is a transfer tax placed on the recipient of an estate distribution.

July 28, 2023

We occasionally bump into an understandable question: How does The Unger Company differ from a financial advisor? And, differ, we do! It’s not unreasonable for someone to wonder this. Our work with insurance products that are income producing can look an awful lot like some things a financial advisor would recommend and may have done at some point before you started thinking seriously about your estate and wealth transfer.

July 25, 2023

A “gross estate” is essentially an accounting of everything a person owns or has certain interests in at the time of their death. This is a fair market value, not necessarily the amount paid, and can include cash, securities, real estate, insurance, trusts, annuities, business interests, and other assets. Then the “taxable estate” is determined by subtracting deductions, such as mortgages and other outstanding debts, estate expenses, donations to charities, and property that passes to surviving spouses.

Ethics… Values... These words can really stand out on a page. It's not always easy for people to evidence how values and ethics manifest in their lives, but some basic, everyday examples of commonly understood good habits, that are a result of sound ethics and values, include things like throwing your trash where it belongs (not on the street) or by holding a door for someone with their hands full. These are very simple, common values and ethics that many of us have instilled from a young age.

The Unger Company Ltd.

641 Lexington Avenue, 20th Floor
New York, New York 10022

(tel) 212-755-4777 x100
(fax) 212-755-4717

The Unger Company Ltd.

641 Lexington Avenue, 20th Floor
New York, New York 10022

(tel) 212-755-4777 x100
(fax) 212-755-4717

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THE UNGER COMPANY, LTD. DOES NOT SEEK TO PRACTICE LAW FOR CLIENTS, AND ITEMS PUBLISHED ON THIS WEBSITE ARE INTENDED ONLY TO BE INFORMATIONAL IN NATURE.

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