Eric Dostal

J.D., CFP®
Personal Finance, Retirement, Taxes
“Eric Dostal is an Advisor at Sontag Advisory an independent registered investment advisory firm that serves clients in over 30 states and acts as a wealth manager, investment adviser, consultant, and fiduciary.”

Sontag Advisory

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A believer in continuing professional development, Eric Dostal obtained the CERTIFIED FINANCIAL PLANNER™ Professional (CFP®) designation, and graduated with a JD from St. John’s University School of Law. Eric recognizes the challenges investors face when planning their retirement and therefore he helps clients retire when and how they would like. Eric focuses primarily on providing affluent and high net worth individuals with expert, comprehensive and impartial financial planning advice to help those individuals achieve their unique life goals.

After joining Sontag Advisory in 2013, Eric has worked extensively with clients over the past 4+ years to create and implement their unique financial plans. Eric has demonstrated a high degree of skill developing and overseeing the investment, insurance, retirement, tax and estate planning strategies of his clients.

Eric currently lives in Merrick, New York with his wife Jamie and daughter Madeline. When not in the office, you can often find him spending time with family and friends. He also recharges by sitting down with a good book and honing his culinary skills.


JD, St. John's University School of Law
B.A. - History, SUNY Geneseo

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  • Eric Dostal
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July 2016
    Financial Planning, Investing, Retirement Savings
April 2017
    Debt, Real Estate, Tax Deductions / Credits
July 2017
    Investing, Personal Finance, Starting Out
April 2017
    Estate Planning
March 2017
    College Tuition, IRAs

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    Estate Planning, Real Estate, Taxes
My mother had a trust, and when she passed away, me and my brother sold her house; do I have to pay taxes on my share of the proceeds? 
50% of people found this answer helpful

The tax impact of the sale of the home will depend on the type of Trust your Mother established.

If the Trust was a Revocable Trust then the home was likely includable in your mother’s taxable estate. If that is the case, at her death the home received a step-up in cost basis. This means that the cost-basis of the home reset to the home’s market value as of your mother’s date of death. As a result, there would likely be very little, if any, taxable gain for you to report as income.

Alternatively, if the home had been placed in an irrevocable trust, like a Qualified Personal Residence Trust, before your Mother’s death it likely would be excluded from her taxable estate and therefore, not receive a step-up in cost basis. The difference between what was paid for the house and what it was sold for would create a capital gain. If the proceeds were then distributed from the Trust to you and your brother you would each pick up that taxable gain on your personal income tax return.

March 2018
    Annuities, Real Estate, Taxes
How do you deduct mortgage interest from your taxes?
33% of people found this answer helpful
October 2017
    Insurance, Life Insurance
What type of life insurance policy should I buy?
55% of people found this answer helpful
September 2017
    Estate Planning, Real Estate, Taxes
What are the taxes on a trust account property?
25% of people found this answer helpful
September 2017
What is the best way for me to give my son $28K?
0% of people found this answer helpful
August 2017