As of February 25, 2022, New York State has joined several other states making it legal for notaries to perform Remote Online Notarization (RON). Remote notarization was temporarily authorized by Executive Order 202.7 in March 2020 during the COVID-19 pandemic, but Governor Hochul has signed Senate Bill 1780C into law, making this permanent. The law […]
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Why Should I Update My Estate Plan?
Estate plans need to be updated every few years or a significant life event like birth, adoption, death, marriage, divorce, relocation, or the sale of a business or real estate. Even after years of a global pandemic, about half of all American adults still don’t have a will. A recent report by Caring.com revealed those […]
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Compare and Contrast: Medicaid Asset Protection Trust and Medicaid Annuity
The prospect of a spouse needing nursing home care is one of the biggest financial worries for couples. With some facilities on Long Island now charging more than $600 a day, even with long-term care insurance policy benefits, the monthly out-of-pocket cost of a room in a nursing home can easily exceed $6,000. For couples […]
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SECURE Act 2.0 and Qualified Longevity Annuity Contracts (QLACs)
The SECURE Act 2.0 continues to be revised, and it’s likely to dominate the House Ways and Means Committee ahead of the midterm elections. It seems likely that the retirement proposal may be combined with some of the expired parts of the 2017 tax law, creating a tax package acceptable to both sides. But the […]
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Football’s Hall of Fame and Estate Law Changes Both Moving to the End Zone
The Pro Football Hall of Fame recently announced the finalists for the Class of 2022, and it occurred to me that estate law legislation is a lot like the Pro Football HOF. The list is announced, some fall by the wayside, but eventually, fifteen names make it and the number of bronze statues in Canton, […]
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Happy Thanksgiving
We hope that this Thanksgiving Day finds you surrounded by loved ones, enjoying the cheer and comfort that comes with gathering together in person. From all of us to our clients, colleagues, family, and friends, we wish you a happy and healthy Thanksgiving!
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Free Medicare Consultations Available During Medicare Open Enrollment Period
With the start of the Medicare Open Enrollment Period, people all over the country are getting their advice from two noted Medicare experts, Joe Namath—the famed Jets quarterback who also sold pantyhose and Noxzema—and J.J. Walker—you remember him from the sitcom “Good Times” and his catchphrase, “Dyn-O-Mite!” Additionally, a barrage of infomercials from actors pretending […]
Continue reading…Elder Law Attorneys Stephen J. Silverberg and Scott B. Silverberg Named to the 2021 Super Lawyers Metro New York Lists — Scott B. Silverberg Named Rising Star 2021
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 2021. Each year, no more than five percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. Super Lawyers has […]
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Why it’s Time to Convert Mega-IRAs to Mega-Roth IRAs
Congress is in session, with Democrats working to create a social policy plan with a $3.5 trillion price tag. Where’s the money coming from? CNBC reports that a new type of required distribution from individual retirement plans, based on the account’s value and not the owner’s age, is on a discussion list. Specifics are meager, […]
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Tax Proposals in Real Time – What You Need to Know Right Now
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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