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 […]
Continue reading…IRS PROPOSES UPDATED LIFE EXPECTANCY TABLES FOR 2021
This November, the IRS issued proposed regulations changing the life expectancy tables and distribution period tables for computing the required minimum distribution (RMD). This information is used for owners of retirement accounts and their beneficiaries for inherited accounts, to calculate their withdrawals. Keep in mind, under the SECURE Act, beginning in 2020, the starting age for IRA distributions […]
Continue reading…Thanksgiving Wishes from the Law Office of Stephen J. Silverberg, PC
We are grateful for our clients, colleagues, friends, and family and hope you find yourself in the company of loved ones on this Thanksgiving Day. With warm wishes for a Happy Thanksgiving from all of us.
Continue reading…Can You Trust Your Trust? – Part 1—Credit Shelter Trusts
Many trusts may be no longer necessary, may conflict with current tax laws or no longer meet the original intent of the person establishing the trust because of changes to federal estate tax laws. There may have been changes in family situations or perhaps a beneficiary has suffered a health event, creating a need for […]
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