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New York, New York – Why Would a Wealthy Person Finance a Life Insurance Policy?

Tue, June 27 2023 - 7:00 AM
Why in the world would a wealthy person want to finance a life insurance policy? It would seem like someone with a lot of money could just reach into his or her pocket and pay the “freight”. But using loans is really a lot more cost effective. The Unger Company has been working with high-net-worth individuals (HNWI) and ultra-high-net-worth individual…

New York, New York – Navigating New Jersey’s Inheritance Tax Maze of Madness

Thu, June 15 2023 - 7:00 AM
There’s a funny little rivalry in the Tri-State area. New Jersey and New York are like competitive siblings who take a different approach on many things. As wealth transfer experts based in the region, The Unger Company understands that this is as true in the area of wealth transfer as it can be in any other area. Where New York has an estate tax, New…

New York, New York – What the Heck Is an Estate? A Confusion Easing Explanation

Tue, June 13 2023 - 7:00 AM
What the heck is an estate? There’s a simple explanation that comes with a heck of lot of details attached. A legal definition would read something like this: “An estate consists of all property, real and personal, that is held by an individual at the time of his death.” That seems fairly straight forward. However, once you’re out of the starting gate…

New York, New York – Having a Voice With the Next Generation After You’re Gone

Tue, May 30 2023 - 7:00 AM
Having a voice after you’re gone has an almost supernatural ring about it. If you’re old enough, you may think of Boris Karloff or Rod Serling. And, if you’re an attorney, you’ll remember the Trusts and Estates professors talking about the hand from the beyond controlling distributions. We know we do! Estate planning and inheritance is where your voic…

New York, New York – Do Wealth Tax Proposals Threaten to Make You a Tax Refugee?

Tue, May 23 2023 - 7:00 AM
One of the more interesting stories of 2023 we are watching at The Unger Company Ltd. is the introduction of wealth tax legislation at the state level. These measures have been introduced, so far, in eight states: Connecticut, New York, Maryland, Illinois, Washington, Minnesota, California and Hawaii. Let us state up front: We don’t see there being a…

New York, New York – What Is the Best Life Insurance Company for HWNI and UHNWI?

Tue, May 16 2023 - 7:00 AM
A large component of the estate tax strategy The Unger Company Ltd. uses in our asset protection plans is to employ various types of insurance to counterweigh the tax implications of high and ultra-high net worth estates. This is much more complicated than calling an 800 number and signing up for a life insurance policy that someone may see advertised in…

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Harold M Unger

The Unger Company Ltd.
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