Utilizing Life Insurance in Estate Planning Amid 2025 Tax Changes
Utilizing Life Insurance in Estate Planning Amid 2025 Tax Changes: A New York Perspective As experienced estate planning attorneys at Morgan Legal Group, we understand that preparing for the future requires a multifaceted approach, addressing not only the transfer of assets but also the complexities of estate taxes and the need for adequate liquidity. Specifically, with the significant potential for changes to both federal and New York State tax laws in 2025, life insurance becomes an even more important tool for financial planning. Therefore, this article provides a detailed examination of how life insurance can be strategically used to provide liquidity and cover potential estate tax liabilities in New York while also ensuring that your loved ones are financially secure.