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The Estate, Legacy and Long-Term Care Planning Center of Western NY

Financial Advisor in Rochester, NY

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Articles

May 1, 2020 By billmonte

This is how Joe Biden will tax generational wealth transfer

KEY POINTS Under current law, assets that pass directly to heirs benefit from a step-up in basis. This means the heir receives the asset valued as of the date of death.If the heir sells this holding right away, he pays little to no capital gains taxes.Biden’s proposal would tax an asset’s …

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May 1, 2020 By billmonte

Updated Rochester Area Nursing Home Costs – January 2020

Current Rochester Area Nursing Home CostsUpdated January 2020 DailyMonthlyAnnual PrivatePrivatePrivateNursing HomeLocationRoom RateRoom RateRoom RateMaplewood Nursing Home Webster$555$16,650$202,575Jewish Home of RochesterBrighton$541$16,230$197,465The Episcopal Church …

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May 1, 2020 By billmonte

2020 Tax Reference Guide

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May 1, 2020 By billmonte

2019 Tax Reference Guide

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