Alaska says ‘no’ to New York Statutory Power of Attorney
April 2, 2023
The agent for one of my clients called to say that Alaska Federal Credit Union told her they don’t accept the New York Statutory Power
In this world nothing is certain, except death and taxes
A website about financial planning and tax planning; owning and operating a small business; estate planning (wills and trusts) and the probate and administration of decedent’s estates in New York.
The Commissioner of the IRS Claims the taxpayer setup the trusts as part of a reprehensible scheme to avoid his taxes. However over and over again the courts have said there is nothing sinister in so arranging one's affairs so as to keep taxes as low as possible. Everybody does so, rich and more, for nobody owes any public duty to pay more than the law demands: taxes are enforced obligations, not voluntary contributions. - Judge Leonard Hand (Commissioner V. Newman, 2d Cir. Ct. Appeals (1947).
Probate and Administration of Decedent's Estates in New York
S-Corps, Limited Liability Companies, and Sole Proprietors
By Operation of Law
April 20, 2023
When someone dies their estate usually has to go through the Probate process in order for the decedent’s property to be inherited by their heirs.
