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......
Generally In 2021, Congress passed the Corporate Transparency Act (CTA) on a bipartisan basis. This law created a new Beneficial Ownership Information (BOI) reporting requirement as part of the U.S.......
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......
The Relief The Department of the Treasury and the Internal Revenue Service (IRS) intend to issue final regulations related to required minimum distributions (RMDs) under section 401(a)(9) of the Internal......
FROM THE FDIC WEBSITE: Revocable and Irrevocable Trust Rule Change Effective April 1, 2024 Mortgage Servicing Accounts Rule Change Effective April 1, 2024 All the rules discussed in this section......
The Social Security Administration (SSA) has published changes to social security rates, benefits etc. that take effect on January 1, 2022. Click here for the Social Security Administration’s “Social Security......
GIS 21 MA-26 Update Regional Rates: The purpose of this General Information System (GIS) message is to inform local departments of social services of the year 2022 Medicaid regional nursing......
No. 202.105 E X E C U T I V E O R D E R Continuing Temporary Suspension and Modification of Laws Relating to the Disaster Emergency WHEREAS, on March 7, 2020, I issued Executive Order Number 202, declaring a State disaster......
In the fall of 2019 David R. Okrent, was appointed to act as the February 2020 Special Editor for the Suffolk Lawyer’s Special Edition focus on Elder Law. Posted here......
The Governor’s Order, for a limited time, provides that any notarial act that is required under New York State law is authorized to be performed utilizing audio-video technology provided that......
10 ESTATE PLANNING MISTAKES & HOW TO AVOID THEM: • ARE YOUR DOCUMENTS OUTDATED OR MISSING SIGNATURES? • COULD YOU HAVE THE WRONG PERSON AS EXECUTOR? • HAVE YOU FAILED......
Ashlea EbelingForbes Staff Retirement The U.S. Supreme Court has announced it will hear a trust tax case that has significant implications for states and trust beneficiaries: Hundreds of millions of dollars of......
What It Was Like to Finally Write My Will by John Schwartz, NYT, April 8th, 2018 Image by Alice Yu Deng Unless your life is extraordinarily uncomplicated, you should write......