If you wake up every morning thinking that you need to get your estate plan updated, or worse, created, you might feel like Bill Murray in the classic movie “Groundhog Day.” Actually, a lot of days in 2020 felt like Groundhog Day: a never-ending time loop of working from home, dining at home, working out […]
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ELDER LAW UPDATE: Medicaid Community Based Care Look Back Period Extended to April 2021
As a result of the continued pandemic, the Secretary of Health and Human Services has continued to renew the declaration that a public health emergency exists. The most recent renewal extends the PHE through until late April, 2021. Due to the requirement for states to maintain Medicaid benefits through the Public Health Emergency, no changes to […]
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In honor of Dr. Martin Luther King, Jr.
If you would like to hear what a true American leader sounds like, listen to any of the speeches by Rev. Dr. Martin Luther King, Jr. Whether he is speaking to an auditorium of junior high school students in Philadelphia or standing on the steps of the Lincoln Memorial before 250,000 people, he delivers a […]
Continue reading…IRS STOPS ISSUING EINs – AT THE WORST POSSIBLE TIME
I’m outraged – and you should be too. In the busiest time of year for estate planning attorneys, bankers, business owners and financial services, the IRS began a planned outage from December 23, 2020 – January 4, 2021. If you need to have an EIN issued for a client or business that establishes a legal […]
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Gov. Cuomo Signs Changes to Power of Attorney Into Law in New York State
After over five years of negotiation between the New York State Bar Association, the legislature passed, and Gov. Cuomo signed a law significantly changing New York State’s Power of Attorney form (” POA”). The new law simplifies and improves the POA form and its use for families and individuals. Kudos to my colleagues in the […]
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What’s Not Covered by Medicare?
Medicare provides health insurance for retirees, but it doesn’t cover everything. In fact, there’s a lot that Medicare does not cover, and many of these are health care costs that can consume a nest egg. Here are the top five healthcare costs that should be part of your retirement preparations: Medicare and Long Term Care […]
Continue reading…IRS and Treasury Announce Intent to Issue Regulations: State and Local Income Taxes Will be Deductible for Businesses Structured as Passthrough Entities
Anyone who owns rental property and has not yet re-structured ownership into a passthrough entity now has another reason to make this change. We encourage you to call our office to get this done before year’s end to make the most out of this opportunity from the Treasury and the IRS. The $10,000 limit on […]
Continue reading…Stephen J. Silverberg Named to 2020 Super Lawyers – Scott B. Silverberg Named to 2020 Rising Stars
Stephen J. Silverberg has been selected to the New York Metro Super Lawyers list as one of the top New York metro area lawyers for 2020. This is an exclusive list, recognizing no more than 5% of attorneys in the state. Super Lawyers has named Silverberg to its select list of attorneys for thirteen consecutive […]
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Veterans Day 2020
Today we honor the veterans who have kept our country and our democracy safe with respect, honor, and gratitude. We encourage our clients, friends, and colleagues to consider making a donation to a Veterans organization, as so many of the nearly 100,000 veterans living on Long Island struggle to meet basic needs. This year, the […]
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Top Tax Moves Before December 31, 2020 – But Don’t Wait Until the Last Minute
There are a number of smart money moves to make before this historic year is over. Some of them were enacted as part of the economic relief package passed earlier in this year and others are traditional techniques, like charitable donations from an IRA. There’s still time to make these changes, but I’d encourage you […]
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