Committed to Providing our Clients With Integrated Solutions for Their Tax, Business and Estate Planning Needs
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Tax ● Estate and Succession Planning ● Business Agreements and Transactions ● Probate and Estate Administration ● Elder Law and
Special Needs Planning
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Your Estate Plan Deserves Some R-E-S-P-E-C-T
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There is no time like the present to update your estate plan. It is unfortunate that the death of a celebrity is what oftentimes sparks this conversation. The passing of NBA superstar Kobe Bryant, and the eight others that were traveling with him, is an absolute and unexpected tragedy. Tragedy frequently acts as a reminder of the importance of estate planning. It leaves many people wondering, what if that were me? Would my family be taken care of? In order to find out the answer, estate planning documents should be reviewed periodically to ensure there are no missing or outdated documents.
We recommend clients review their documents every time a major life event occurs. For example, one’s estate plan should be revisited upon retirement, marriage or divorce, the birth of a child or grandchild, or the death of someone named in the documents. Additionally, estate planning documents should also be reviewed when there is a change in the law. A shift in the political regime or the passing of a new bill could lead to certain changes in the law which could affect estate planning documents that are already in existence. Most recently, the government enacted the “SECURE Act,” which drastically changed the rules regarding IRA accounts. In the future, a democratic president in office could lead to a change to the estate tax exemption rules. Both of these examples may have an impact on one’s estate plan, and therefore, it is imperative that clients be proactive in reviewing their documents.
Aside from updating one’s estate plan, we encourage all individuals to have estate planning documents in place. Regardless of age, marital status, or asset level, all individuals need the four basic estate planning documents: Last Will and Testament, Living Will, Health Care Proxy, and Power of Attorney. For more information on what happens to your assets if you pass away without a Will, see our latest blog: "Your Estate Plan Deserves Some R-E-S-P-E-C-T"
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We are proud to announce that our managing partner,
Neil D. Katz
has been chosen as an
honoree
at Casino Night hosted by Strength For Life. Casino Night is a fundraiser held to help off set the cost of the programs offered by Strength For Life and to continue providing much needed support to those living with cancer.
We hope you can join us at this event!
Featuring Texas Hold'em Tournament, Craps, Blackjack, Roulette, Money Wheel, Sit Down Dinner, Open Bar, Music, Chinese Auction, High End Raffles & More.
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When
:
Saturday, April 4, 2020 | 6PM
Where
:
WindWatch Golf & Country Club, 1715 Motor Parkway, Hauppauge, NY 11788
Who is Strength For Life?
Strength For Life is a local non profit organization providing free wellness services to cancer patients and survivors. Since 2007 SFL provided exercise classes, wellness retreats, yoga classes, nutrition classes, walking groups, empowerment groups and write to heal classes at NO COST for those with a cancer diagnosis. To date they have helped over 2000 thrivers regain their 'Strength For Life' through these free programs.
RSVP
Tickets, Sponsorship Opportunities & Ad Space Available
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SAVE THE DATE
SECURE Act Seminar
Wednesday | May 6, 2020
Morning & Afternoon Session Available
Details & Registration to follow
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We want to extend a very sincere
THANK YOU
to everyone that participated in our winter food drive throughout December & January.
We were able to collect
over 200 pounds
of food and personal items
for Long Island Cares!!
Long Island Cares is a local organization that distributes to a
network of nearly 600 community-based
member agencies
, including
food pantries
, soup kitchens, emergency shelters, child care programs, disability organizations, veterans’ services programs and more, right here in our communities!
Your generosity and support mean a lot!
Thank you on behalf of the entire Katz Chwat, P.C. & Katz Tax Seminars Teams.
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We wanted to let you know how much we value you, our Clients, Business Partners, & Friends.
Happy Valentine’s Day from all of us!
Here's just a few fascinating facts that you might not know
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The first valentine was sent in the 15th century.
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Americans send 145 million Valentine's Day cards each year.
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And they also spend nearly $650 million on gifts for their pets.
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More than 8 billion conversation hearts are manufactured each year.
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Katz Chwat, P.C. | 175 Broadhollow Road, Suite 130, Melville, NY 11747 |
Website
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