I’m happy to learn that the CMS is combatting the misleading ads targeting seniors to switch from traditional Medicare plans to private Medicare Advantage plans. The number of mailers, television ads, robocalls, and emails has exploded – I received more marketing messages about Medicare this year than I did from candidates – and we all […]
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Celebrating Veterans Day
Today we honor American veterans for their service to protect our country and maintain our democracy with respect, honor, and gratitude. Sadly, many veterans struggle after serving our country, so today we ask you, if you can, to help the many veterans who struggle with financial, physical, and mental health challenges. We encourage our clients, […]
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Best Law Firm Recognition from U.S. News – Best Law Firms in 2023
We are very pleased to announce that the Law Office of Stephen J. Silverberg has been named to the U.S. News – Best Lawyers® “Best Law Firms” New York Metro in Elder Law for 2023. This is the eighth year the Roslyn Heights Elder Law firm has been recognized for our professional excellence. The U.S. […]
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IRS Raises Tax Brackets and Standard Deduction in Response to Inflation
In the largest automatic adjustment to the standard deduction since core features of the tax system were indexed to inflation in 1985, the IRS has increased key tax code parameters for 2023 to reflect high inflation rates. The top 37% top marginal tax rate will apply to individual income above $578,125 and married couples’ income […]
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Medicare Part B Premiums to Decrease in 2023
For the first time in over a decade, the Centers for Medicare and Medicaid Services announced that Medicare beneficiaries will enjoy a lower premium in 2023. That’s welcome news for seniors living on a fixed income and struggling with dramatic price increases on, well, everything. The standard monthly premiums in 2023 will be $164.90 in […]
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Biggest Social Security COLA in 40 Years: 8.7% Boost
The Social Security Administration has just announced the 2023 COLA – Cost of Living Adjustment – will be the highest since 1981. The 8.7% increase tops the previously highest increase of 5.9% in 2022. That was the highest in forty years also. The monthly benefit increase for the average Social Security retiree will be $146 […]
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Elder Law Attorney Stephen J. Silverberg Named To 2022 Super Lawyers and Scott B. Silverberg Named Rising Star 2022
For the sixteenth consecutive year, Stephen J. Silverberg has been named to the New York Metro Super Lawyers list as one of the top New York metro area lawyers for 2022. Each year, the research team at Super Lawyers selects only five percent of the lawyers in the state to receive this honor. Super Lawyers […]
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Inflation’s Impact on Estate and Gift Tax Exclusions
Most of our content is original, but every now and then I come across an article I believe is so important I want to be sure clients, colleagues and friends have an opportunity to read it. Thanks to Steve Leimberg and Peter Tucci, as per the citation at the end of the article. The following […]
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No Inheritance Tax for Charles III
It’s good to be King. One of many reasons— not having to pay any inheritance taxes. For example, King Charles III inherited a royal-sized inheritance, as if becoming the King of the United Kingdom wasn’t enough, and it’s primarily tax-free. Charles takes the title of Duke of Lancaster and the corresponding duchy, valued at $750 […]
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Football Season Begins—But Franchise Owner Estate Battles Are Forever
With 11 controlling owners of NFL franchises 75 years and older, the next few years will see many teams changing ownership and the potential for epic battles off the field. Ten years before his death, the Denver Bronco’s owner Pat Bowlen did what he was supposed to do. He met with attorneys to create a […]
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