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Monday, December 21, 2020

Common Estate Planning Errors


Many people are unaware of the complexity of the estate planning process. Even if you do not have substantial assets, it is probable that, without the assistance of an Read more . . .


Thursday, October 29, 2020

Should You Establish a New York ABLE Account?


Have you heard of an ABLE account? Many have not, but the New York ABLE legislation was signed into law in December 2015, providing a new savings plan under the New York Achieving a Better Life Experience program in order to give individuals with special needs the ability to maintain savings without jeopardizing their receipt of critical government benefits. Let us take a look at what ABLE accounts have to offer and whether it may be a good option for you or someone you love.

Should You Establish a New York ABLE Account?

In its most basic sense, an ABLE account is a savings account that permits individuals with special needs to maintain savings without risking government benefits such as SSI and Medicaid. Prior to the establishment of ABLE accounts, people with special needs had no reason to save money for their future. Maintaining even the most modest amount of savings would too easily risk the loss of critical government benefits.


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Thursday, October 22, 2020

Important Steps After the Death of Your Spouse


Q: Why do new widows and widowers need to see an estate planning attorney?

If you are married, chances are you have already seen a New York or New Jersey estate planning attorney at some point and created a comprehensive estate plan. As the years went by, and circumstances changed, you might’ve even returned to modify the estate plan—or had plans to do so.

When should you consider


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Thursday, October 8, 2020

Is My Estate Plan Good Enough?


Did you finally give in and create an estate plan, only to find yourself worrying about whether that plan is sufficient to address all of your needs? Are you wondering if your existing estate plan is really comprehensive enough to meet the diverse needs of your family members, your business, and the changes you will confront as you age? If so, join the club -- a great many people of varying ages are in the same boat.

Sometimes, doubt enters your mind when you see the problems a beloved older relative runs into at retirement or when illness strikes. Sometimes, the birth of a child or grandchild with special needs opens your eyes to possible inadequacies in your plan. Other times, a friend’s addicted teenager makes you consider previously unimaginable future occurrences. Whatever sheds light on potential flaws in your estate plan, now is the time to address them with


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Wednesday, September 30, 2020

Letters of Instruction in Estate Planning


Q: What is a letter of instruction?

For many, making an appointment with a New York or New Jersey estate planning attorney is one of those tasks that never makes it to the top of the to-do list. It lingers there at the bottom of the list or in the back of the mind for any number of reasons—the most popular one being that no one likes to face their own mortality.

Generally, a comprehensive estate plan will include a last will and testament, commonly known as a “will”, sometimes a trust, and often other recommended documents


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Tuesday, September 15, 2020

How the Coronavirus Has Impacted the Rural New York Real Estate Market


Q: Is now the time to move out to the country?

If you’ve always wanted a second home, New York real estate attorneys are seeing more clients taking the plunge now, no doubt in response to the coronavirus pandemic radically changing people’s work and personal goals.

Living in the former epicenter of the COVID-19 pandemic in the USA, many New York City residents dealt with the stresses of being locked down for most of 2020--often in very tight quarters—and of knowing people who came down with or succumbed to the virus. If ever there was reason—and the time—to re-evaluate one’s life plan, the quarantine months were it.


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Tuesday, September 8, 2020

The Impact of COVID19 on NYC Apartment Rentals


Q: How has COVID-19 affected rentals in the New York City area?

New York and New Jersey real estate attorneys expected the coronavirus quarantines to impact the New York City rental market. Now, several months after the lockdowns began, reports are indicating just how significant the impact has been so far.

If you’re considering


Read more . . .


Wednesday, August 26, 2020

What Is the Difference Between Medicare and Medicaid?


Both Medicare and Medicaid are government-sponsored, taxpayer-funded programs that are intended to help Americans cover the costs associated with healthcare. Additionally, both programs were established back in 1965. With similar-sounding names and the fact that both are intended to cover healthcare costs, many people confuse the two. There are, however, important distinctive qualities between the two programs. Here, we discuss the differences between Medicare and Medicaid.


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Wednesday, August 19, 2020

Mortgage Rates Fall to New Lows During COVID-19 Pandemic


It is no secret that the COVID-19 pandemic has sent the U.S. economy through a major loop. With businesses closed and restricted and the major uncertainty of the moment, the economy has not fared well. In the midst of the economic downturn, mortgages interest rates have dropped to historic lows.


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Wednesday, August 12, 2020

The Impact of COVID-19 on NYC Apartment Rentals


Q: How has COVID-19 affected rentals in the New York City area?

New York and New Jersey real estate attorneys expected the coronavirus quarantines to impact the New York City rental market. Now, several months after the lockdowns began, reports are indicating just how significant the impact has been so far.

If you’re considering


Read more . . .


Wednesday, August 5, 2020

When Should I Review My Estate Plan?


You met with a lawyer and set up your estate plan to protect yourself in case you become incapacitated and to provide for your family. Many people simply stick the documents in a drawer and forget about them, but doing so can cause results you never intended down the road, because of changes in the law or developments in your life. This article explains when you should review your estate plan to make sure that it will serve its purpose.

You should take out your estate plan and read it again at regular frequencies or when significant life events happen. You should also sit down with your


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