The CARES Act ( the “Act”) waives the required minimum distribution rules for certain defined contribution plans and IRAs for calendar year 2020. This provision provides relief to individuals otherwise required to withdraw funds from such retirement accounts. This also includes individuals who turned 70 1/2 in 2019 but elected to defer their initial distribution […]
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We Are Now Offering a Complementary Health Care Proxy
One of the most important estate planning documents, after a Will and a Power of Attorney, is the Health Care Proxy. This is the document that allows you to name someone to participate in discussions with your health care providers if you are not able to do so. With so many seniors being concerned about […]
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Documents in New York State May Now Be Signed Remotely – Call for an Appointment
The Law Firm of Stephen J. Silverberg is continuing to provide our clients and their families with all the services they have come to rely on us for. We are using telephone, email and video services to stay in touch with clients and members of our team. Now that the Governor of New York has […]
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Here’s Something You CAN Do – Give Blood
Here’s a suggestion for everyone who is feeling a little overwhelmed and helpless. This morning I got a call from the New York Blood Center. I am a regular blood donor, and they call me routinely. It’s another way to give back. The blood center caller said that they are in urgent need of blood […]
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New York’s “Spousal Refusal” is at Immediate Risk – Call Lawmakers Now Before They Make This Change
The last five governors of New York State have tried twenty eight times to change the practice known as “spousal refusal,” the right of a well spouse to decline to allow their finances to be stripped to the bone so that a sick spouse can qualify for Medicaid. The governor’s proposals to eliminate spousal refusal […]
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A special message to clients and friends from Stephen J. Silverberg, Esq.
Dear Friends: We are all worried about the impact of the coronavirus (COVID-19) and the danger it poses to our community, locally and globally. Here is what our office is doing to ensure the health and safety of our clients and team members. If you are fine coming to the office, we’d be happy to […]
Continue reading…Corona Virus Update From Stephen J. Silverberg, Esq.
We are following the news about Coronavirus and a second burst of the traditional flu that’s impacting people in our community. While we don’t believe that anyone should panic, we do want to encourage anyone with older or immunocompromised loved ones to be prepared. The CDC is encouraging everyone to have extra food and supplies on hand, in […]
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Scott B. Silverberg Accepted into Stetson University School of Law L.L.M. in Elder Law Program
We are pleased to report that Scott Silverberg has been accepted into the L.L.M. in Elder Law program at the prestigious Stetson University School of Law. This rigorous online program is offered only to Elder Law practitioners who have provide legal services in elder law matters in highly specific areas of the law. Stetson’s L.L.M. […]
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New York and Florida Snowbirds – Estate Plans Are Not One-State-Fits-All
My snowbird friends and neighbors are no doubt enjoying their southern Florida break even more this week, as Long Island remains in a deep freeze. But there’s more that separates the two states than temperature. I represent clients who live in New York, others who live in Florida and snowbirds who travel back and forth […]
Continue reading…SECURE Act Presents Hurdles for IRA Owners’ Estate Plans
Passing the SECURE Act on December 19, 2019, has changed how retirement account distributions must be made. Congress’ timing made it impossible for professionals to comply with the new law before its effective date of January 1, 2020. By passing the SECURE Act, the IRS changed the definition of a Designated Beneficiary for IRA and […]
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