In April of 2024, the New York Executive and the New York Legislature released and enacted Article VII budget language bills changing, in addition to many other changes, the Consumer......
We are happy to announce that the Firm’s Managing Attorney, David R. Okrent, Esq., CPA, has been appointed to the New York State Coordinating Council for Services Related to Alzheimer’s......
The NY Governor’s 2024-2025 budget contained a new section of the Real Property Law in New York, Section 424 authorizing Transfer-On-Death Deed(s) for New York real property (See Governor’s budget,......
On Friday, April 19, 2024, and Saturday, April 20, 2024, the New York Executive and the New York Legislature released and enacted the remaining Article VII budget language bills. Many......
The Internal Revenue Service announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes. Revenue Procedure......
The purpose of this General Information System (GIS) message is to inform local departments of social services (LDSS) of updates to the provisions of GIS 23 MA/03 (“Unwind of Medicaid......
As advised in Administrative Directive 06 OMM/ADM-5, “Deficit Reduction Act of 2005 – LongTerm Care Medicaid Eligibility Changes”, the life expectancy table issued by SSA is required to be used......
Do assets received by a beneficiary of a “Grantor trust” on the death of the Grantor receive a “step up in basis”? On January 9, 2023 IRS issued Revenue Ruling......
Throughout the pandemic, the federal Public Health Emergency (PHE) designation has provided important consumer protections, bolstering the State’s efforts to ensure access to health coverage and care for New Yorkers.......