Core Service
Family Estate &
Legacy Planning
Let our family help yours.
We help organize and consolidate your family estate so nothing is left to chance across generations. By joining the Broadway Advisor Group family, we keep yours in mind as you navigate the complexities of wealth transfer, succession, and legacy.
Why It Matters
Estate Planning Is Not Just for the Wealthy
The absence of an estate plan is itself a plan — one written by your state legislature and the IRS. Dying intestate (without a will) means New York State determines who inherits your assets. Improperly titled accounts or outdated beneficiary designations can override even a carefully drafted will.
With proper planning, families in the Capital Region protect and transfer wealth more efficiently — avoiding probate delays, minimizing estate taxes, and ensuring assets reach the right people in the right way at the right time.
We work alongside your estate attorneys and CPAs to execute this planning as a coordinated team — not in silos. Our role is to be the financial quarterback who connects every professional in your corner.
The Sgroi Family Difference
As a family-run practice in Albany, Michael and Jason Sgroi understand what multigenerational wealth planning actually means — not as an abstraction, but as a lived reality. They bring that perspective to every client relationship.
New York Estate Tax
New York has its own estate tax with an exemption of approximately $6.94M (2024) and rates up to 16%. Critically, New York has a "cliff" — estates exceeding 105% of the exemption lose the benefit entirely. Proactive planning around this threshold is essential.
Our Services
Comprehensive Estate Coordination
Estate Coordination
Integrated planning with your estate attorneys to structure trusts, gifting programs, and succession plans that preserve wealth across generations while minimizing estate tax exposure. We speak the language of CPAs and attorneys so nothing falls through the cracks.
Beneficiary & Trust Strategy
Ensuring your beneficiary designations, account titling, and trust structures are aligned with your overall estate plan. This detail is frequently overlooked — and the consequences of getting it wrong are both costly and irreversible.
Philanthropic Planning
Donor-advised funds, charitable remainder trusts, and impact investing programs that allow you to support the causes you care about while receiving meaningful tax benefits. We help your legacy extend beyond your family.
Business Succession Planning
For business owners in the Capital Region, transitioning a business is one of the most significant financial events of a lifetime. We help structure buy-sell agreements, ESOP considerations, and tax-efficient transfer strategies.
Estate Review Checklist
10 Items Every Family Should Review Annually
Review and update beneficiary designations annually
Align account titling with estate plan intentions
Coordinate with estate attorney on trust funding
Analyze current and projected estate tax exposure
Establish or review Powers of Attorney and healthcare directives
Structure annual gifting program ($18k annual exclusion per recipient)
Review 529 plan superfunding strategies for grandchildren
Evaluate life insurance as an estate equalization tool
Coordinate with CPA on income tax basis step-up strategies
Review retirement account beneficiary elections for stretch IRA opportunities
Protect What You've Built
Let's Build Your Legacy Plan
The best time to do this was yesterday. The second-best time is today. Schedule a consultation — we'll walk through every element together.
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