On Monday, September 13, a tax bill was sent to the Ways and Means Committee. Notably, there was no proposal to kill basis step up or repeal the SALT deduction limitation. The contents are already shaking the IRA world. It’s only been 35 hours since this bill has been made public. Here are the headlines: […]
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Happy New Year
We hope this New Year brings happiness and health to you, your family, and loved ones. Rosh Hashana, the Jewish New Year for the year 5782, begins at sundown on Monday, September 6 and ends at nightfall on Wednesday, September 8. It is a time of reflection and celebration, when families and friends attend services and […]
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Stephen J. Silverberg, Esq. Named to 2022 Edition of the Best Lawyers in America© in Elder Law
For the eighth consecutive year, Stephen J. Silverberg has been selected by his peers in the 2022 Edition of The Best Lawyers in America® in the practice area of Elder Law. Since it was first published in 1983, Best Lawyers has become universally regarded as the definitive guide to legal excellence. Lawyers on The Best Lawyers in America list are […]
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Britney Spears isn’t the only one with a guardianship problem
The news about Britney Spears’ battle with her father Jamie to end his guardianship has garnered its fair share of headlines. But Britney’s high profile guardianship battle is hardly the first and won’t be the last. A recent study published in The Lancet reveals the number of children who have lost parents or caretaking grandparents, […]
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Happy Fourth of July – Annual BBQ Recipe
A day of celebrating our country and the people who came before us to create a new nation! What’s better for the Fourth of July than a barbeque? Here’s a recipe for a chicken BBQ dish, rain or shine. Ginger and Lime Marinated Chicken Ginger and lime are a perfect pairing for summertime cocktails and […]
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New York’s New Power of Attorney – June 13 – A Change for the Better
We are proud of our colleagues and friends in the New York State Bar Association who worked tirelessly – for five years – to negotiate changes to the Power of Attorney (POA) statute. The changes were signed into law in December 2020, and any POA executed on or after June 13, 2021, is enforceable under […]
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Whatever Happened to Decoration Day?
Some of you reading this may never have heard the phrase Decoration Day. What we now call Memorial Day began as Decoration Day, when families went to local cemeteries or traveled to military cemeteries to decorate the graves of loved ones who died during military service. The Library of Congress reports that the first national […]
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May is National Elder Law Month – What Does That Mean?
It began in 1963, when President John F. Kennedy met with the National Council of Senior Citizens and designated May as “Senior Citizens Month” to honor Americans age 65 and older with a Presidential Proclamation. Since then, May has also been designated Elder Law Month by the National Academy of Elder Law Attorneys (NAELA), a […]
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Here’s How Wrong the IRS Can Be: Michael Jackson’s Estate Big Tax Court Win
Seven years after it began, the estate of Michael Jackson has won big in U. S Tax Court. Following a ruling that found the singer’s name and likeness was worth far less at his time of death than what the IRS had claimed, the estate will pay far less than the $700 million initially deemed […]
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Proposed Legislation “For the 99.5% Act” Takes Direct Aim at Estate Taxes
Last week, Senator Bernie Sanders (I, VT) and Senator Shelton Whitehouse (D, RI) introduced the “For the 99.5% Act,” which includes a reduction in the estate tax exemption to $3.5 million per individual and $7 million per couple. Sanders also introduced a bill to raise the corporate tax to 35% and reduce a corporation’s ability […]
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