Individuals and families owning assets in excess of $7 million are well served to revisit their estate and gifting plans in preparation for a reduction in the federal exemption occurring on January 1, 2026. In a recent article, Warshaw Burstein Partner Peter Lese outlines exemptions under the current law and advises working with an estate planning team to maximize tax savings opportunities.

Warshaw Burstein, LLP today announced it has joined IR Global, a multi-disciplinary professional services network that provides legal, accountancy, and financial advice to companies and individuals around the world.

With the holiday season upon us and gifting in mind, in 2022, you can make a tax-free annual exclusion gift made of cash or of tangible assets such as stocks, real estate or shares of a family business

Warshaw Burstein, LLP is a proud sponsor of the Pace Women’s Justice Center Annual Spring Cocktails for a Cause Party on May 24, 2022.

The federal gift tax exemption amount for gifts made in the year 2022 is $12.06 million per person ($24.12 million for a married couple) up from $11.7 million in 2021. However, the exemption amount will be reduced by approximately one-half on January 1, 2026, if Congress does not act to make the higher exemption amount permanent.

Warshaw Burstein, LLP, a full-service law firm in New York City, today announced Steve R. Graber has joined the firm as a partner in the Trusts and Estates Group.