As Conor Kennedy manages his late mother’s Bedford estate, he’s likely running into many of the same obstacles that children in the Lower Hudson Valley face as their parents pass away.
There are many taxes and regulations to learn in a very short amount of time.
With real estate, one of the biggest challenges is determining what the property is worth. That value (he’s asking for $4 million) will determine what the government is owed, but the price of illiquid assets can be extremely objective.
Peter Lang of Hightower wealth management in Harrison explains:
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