Click here to listen to the recording. The Stony Brook University Foundation invited David R. Okrent, Esq., CPA, to be the featured speaker for its March 2025 webinar on “Elder Law and Estate Planning.” Invites were limited to its Alumni and Friends.
Update: On April 9, 2025, parties to a federal lawsuit against New York State’s Department of Health filed a joint proposed preliminary injunction, approved by the judge on April 10, 2025, extending the date for transition to May 15, 2025
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. government’s efforts to make it harder for bad actors to
On January 5, 2025, President Biden signed the Social Security Fairness Act, H.R. 82, repealing the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) This Act was passed by a large bipartisan majority in both the House and Senate.
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 Directed Personal Assistance Program (“CDPAP/CDPAS”) under the New York State
In July 2024 Mr. Okrent held and spoke at an Educational Webinar with, Thomas Rees, MSW, Director, Bureau of Long-Term Care Medicaid Waivers Services & Supports NHTD & TBI, New York State Department of Health, Office of Aging and Long
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, Art. VII, Part O, sec. 12). This new section creates
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 issues that were on the table did not make it
The purpose of this General Information System (GIS) message is to provide information and guidance on the coordination of hospice services. This guidance provides, in addition to other information, that when a Medicaid fee-for-service recipient is in receipt of hospice
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 Continuous Coverage Requirement Related to the COVID-19 Public Health Emergency
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 in evaluating whether an annuity purchased by or on behalf
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 2023-2; 2023-16 IRB 1, determining that there is no basis
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. During this unprecedented crisis, NY State of Health and Local
GIS 23 MA-02 Updated Medicaid Levels: The 2023 Federal Poverty Level Numbers were released in the Federal Register Notice dated 1/19/2023 triggering the New York State Department of Health (“NYDOH”) to issue GIS 23 MA-02 on 2/10/23 revising/updating certain numbers
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 Revenue Code that will apply no earlier than the 2023
GIS 22 MA-12 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 home rates which must be used when calculating a transfer
The purpose of this General Information System (GIS) message is to provide local departments of social services with the updated life expectancy table issued by the Office of the Chief Actuary of the Social Security Administration (SSA). As advised in
New York Independent Assessor (NYIA) Chapter 56 of the Laws of 2020 authorized the Department of Health (Department) to contract with an entity to conduct an independent assessment process for individuals seeking Community Based Long Term Services and Supports (CBLTSS),
Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) On 12/20/19 President Trump signed into law the “Further Consolidated Appropriations Act, 2020 (H.R. 1865)” which included the Setting Every Community Up for Retirement Enhancement Act of
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 home rates which must be used when calculating a transfer
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