NEW POWER OF ATTORNEY RULES TAKING EFFECT IN NEW YORK On June 13, 2021, the law in New York pertaining to powers of attorney will be changing. It is widely felt that the current requirements are cumbersome and unreasonable, making the document “prone to improper execution.” The law revisions are intended to make the document…
YOUR DIGITAL ESTATE PLAN Here in the age of Facebook, Twitter and LinkedIn, most of us have what has come to be called a “digital estate.” This is the collection of user names and passwords we use to access the websites of our banks, brokerage accounts, insurance agencies, vendors, news media, social media and countless…
Seniors’ and Disabled Right to Part Ways With Their Landlord Update! The law was amended in June 2019 to include disabled persons. The New York State Legislature amended Real Property Law §227-a in 2019 to include “individuals with a disability” as additional covered persons under the statute. Under the amended statute, any individuals…
The Hidden Dangers of Gifting to Family Members As people get older and retire, many express an interest in gifting to younger family members and sharing their savings with those who need help. A common misunderstanding about gifting stems from the IRS annual gift exclusion. Many of my clients correctly identify that any individual may…
Community Medicaid: The At-Home Care Option Many Americans swear that they’ll never go to a nursing home. There is a stigma that it is a last resort option for people who are dying. In truth, many nursing facilities defy the stereotypes and provide positive environments where elderly people can live their final years productively with…
It’s Always the Right Time for Estate Planning Each year of my practice as an attorney, I meet hundreds of people without a will or any estate plan in place. The most common reason they give me is timing. Young people—20’s to 50’s depending on who you talk to—tend to feel that they’re healthy and…
