Committed to Providing our Clients With Integrated Solutions for Their Tax, Business and Estate Planning Needs
Serving Our Clients In

Tax ● Estate and Succession Planning ● Business Agreements and Transactions ● Probate and Estate Administration ● Elder Law and
Special Needs Planning
Find us on Facebook & Linkedin
Estate Tax Updates
Happy New Year!

With each new year comes adjustments to the existing estate tax exemptions that all practitioners and clients alike should be aware of. As inflation skyrocketed during 2022, the adjustments to the estate tax exemptions for the year 2023 have increased accordingly. 

In addition to the changes for the Federal and New York State estate tax exemptions, the annual Federal gift tax exclusion has also increased. The annual exclusion is an amount that an individual can gift to a recipient Federal estate and gift tax-free, each year.
January 2023
January is National Blood Donor Month
Due to increased seasonal illnesses during the winter months and inclement weather conditions, donations of blood and platelets decline, and demand increases. 

Here are some of the biggest reasons giving blood is so important:

  • The most requested blood type by hospitals is type O. This kind of blood can be transfused to patients of all blood types, so it’s always in great demand and very short supply. Only 7% of people in the U.S. have type O.
  • 38% of our population is eligible to donate, but less than 10% actually do.
  • A single-car accident victim may need up to 100 pints of blood to survive.

Contact the New York Blood Center or your local blood bank for more information.

Use #NationalBloodDonorMonth and #GiveBlood to share on social media.
Katz Chwat, P.C. | 175 Broadhollow Road, Suite 130, Melville, NY 11747 | 631.683.8700 | Website
ATTORNEY ADVERTISING: This memorandum provides general information on legal issues and developments of interest to our clients and friends. It is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters we discuss here. Should you have any questions or wish to discuss any of the issues raised in this memorandum, please call your Katz Chwat, P.C. contact.