Schwartz, Fang & Keating, P.C.

Schwartz, Fang & Keating, P.C. Over 30 Years of Probate & Estate Tax Experience. Schwartz, Fang & Keating, P.C. The firm, under the collaboration of Stephen J. Schwartz, Neil B.

is a boutique law firm that specializes in estate and retirement planning, probate and elder care. Fang, and Stephanie M. Keating, who are also Certified Public Accountants, has collectively more than fifty years of Trust and Estate experience. At Schwartz, Fang & Keating, clients are given responsive and prompt attention. Together with the Firm’s trusted and experienced team, Schwartz, Fang & Kea

ting offers their clients advice that is designed to address their specific needs using flexible and creative approaches. Schwartz, Fang & Keating maintains offices on Long Island as well as New York City and New Jersey. Our client base is, as a result, extensive, and includes many prominent families.

Have concerns about a beneficiary mismanaging an inheritance? A spendthrift trust may be the answerAn important decision...
07/29/2026

Have concerns about a beneficiary mismanaging an inheritance? A spendthrift trust may be the answer

An important decision you must make when creating your estate plan is who’ll inherit your assets. While many of your beneficiaries are likely capable of managing an inheritance responsibly, others may be vulnerable to financial pressures, creditor claims, poor spending habits or other challenges that could erode the wealth you’ve worked hard to build. Read More: https://www.inheritlawyers.com/have-concerns-about-a-beneficiary-mismanaging-an-inheritance-a-spendthrift-trust-may-be-the-answer.html

A psychiatric advance directive addresses mental health in your estate planYou may be familiar with estate planning docu...
07/23/2026

A psychiatric advance directive addresses mental health in your estate plan

You may be familiar with estate planning documents such as an advance health care directive (sometimes referred to as a “living will”) and a health care power of attorney (HCPA), but you may not realize that you can also document your preferences for future psychiatric care with a psychiatric advance directive (PAD). It can play an important role if you ever suffer a mental health crisis. Read More: https://www.inheritlawyers.com/a-psychiatric-advance-directive-addresses-mental-health-in-your-estate-plan.html

IRS provides gift tax reporting relief for Sec. 530A account contributionsSection 530A accounts, also known as “Trump ac...
07/16/2026

IRS provides gift tax reporting relief for Sec. 530A account contributions

Section 530A accounts, also known as “Trump accounts,” are available for contributions as of July 4, 2026. Created by last year’s One Big Beautiful Bill Act, they’re custodial, tax-advantaged accounts opened by a parent or guardian for an eligible child under age 18. In late June, the IRS issued Revenue Procedure 2026-25, which, among other things, allows qualifying 530A account contributions to be treated as completed gifts rather than gifts of a future interest. The upside is that your contributions can qualify for the gift tax annual exclusion and you may not have to file a gift tax return (Form 709) — but only if certain requirements are met. Read More: https://www.inheritlawyers.com/irs-provides-gift-tax-reporting-relief-for-sec-530a-account-contributions.html

Is a joint trust better than separate trusts? Not necessarilyA single joint living trust with your spouse can simplify t...
07/07/2026

Is a joint trust better than separate trusts? Not necessarily

A single joint living trust with your spouse can simplify the management of shared assets, but separate trusts may offer enhanced asset protection and tax planning opportunities. Which option is right for your estate plan depends on a variety of factors, including your and your spouse’s combined assets, financial goals, family circumstances and applicable state law. Read More: https://www.inheritlawyers.com/is-a-joint-trust-better-than-separate-trusts-not-necessarily.html

Proper planning can ease the pain of the probate processWhen a loved one passes away, settling his or her financial affa...
07/02/2026

Proper planning can ease the pain of the probate process

When a loved one passes away, settling his or her financial affairs can be an emotional and complex task. One legal process that often comes into play is probate. Understanding how probate works — and implementing strategies to minimize or avoid it — can help you protect your assets and simplify matters for your family after your death. Read More: https://www.inheritlawyers.com/proper-planning-can-ease-the-pain-of-the-probate-process.html

Qualified disclaimers help your estate plan change with the timesEstate planning is intended to help ensure that your as...
06/23/2026

Qualified disclaimers help your estate plan change with the times

Estate planning is intended to help ensure that your assets are distributed according to your wishes. But circumstances can change in ways that are difficult to predict. A qualified disclaimer allows disclaimed assets to pass from a primary beneficiary to a contingent beneficiary without negative tax consequences. This flexibility can be beneficial in a variety of situations. Read More: https://www.inheritlawyers.com/qualified-disclaimers-help-your-estate-plan-change-with-the-times.html

Transfer assets tax efficiently with a GRATA properly structured grantor retained annuity trust (GRAT) can be a powerful...
06/10/2026

Transfer assets tax efficiently with a GRAT

A properly structured grantor retained annuity trust (GRAT) can be a powerful tool for those with estates large enough that gift and estate taxes are a concern. It allows you to transfer wealth to your loved ones at little or no tax cost while continuing to enjoy an income stream for a period of years. However, there are some drawbacks to a GRAT. Read More: https://www.inheritlawyers.com/transfer-assets-tax-efficiently-with-a-grat.html

Add flexibility to your estate plan with powers of appointmentPowers of appointment allow a trusted individual (the “hol...
06/05/2026

Add flexibility to your estate plan with powers of appointment

Powers of appointment allow a trusted individual (the “holder”) to adjust how assets are distributed after your death, based on changing circumstances. These might include marriages, births, financial needs, tax laws or evolving family dynamics. By incorporating powers of appointment into your trusts and other planning strategies, you can create an estate plan that balances long-term control with the ability to adapt over time. Read More: https://www.inheritlawyers.com/add-flexibility-to-your-estate-plan-with-powers-of-appointment.html

Does your college-age child need an estate plan?Many parents assume an estate plan is only necessary for older adults or...
06/05/2026

Does your college-age child need an estate plan?

Many parents assume an estate plan is only necessary for older adults or those with substantial wealth. However, once your child turns 18, he or she legally becomes an adult, and that change can create unexpected complications for your family. Without basic estate planning documents in place, you may be unable to help your child during an emergency when he or she is away at school. If your child recently graduated from high school and is planning to attend college in the fall, consider these estate planning documents before he or she leaves home. Read More: https://www.inheritlawyers.com/does-your-college-age-child-need-an-estate-plan.html

06/05/2026

You’ve neglected to review your life insurance policy

Life insurance is often purchased during major milestones, such as getting married, buying a house or welcoming a child. Once the policy is in place, it’s easy to set it aside and assume planning is complete. But life changes, tax laws evolve and financial goals shift. That’s why regularly reviewing your policy and assessing whether you have the right coverage amount is an important partof sound estate planning. Read More:

Address

6800 Jericho Turnpike, Suite 201W Syosset
Woodbury, NY
11791

Opening Hours

9am - 5pm

Telephone

+15164880100

Website

Alerts

Be the first to know and let us send you an email when Schwartz, Fang & Keating, P.C. posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category