Uniondale, NY
Elder law Lawyer at Uniondale, NY
Practice Areas: Elder Law, Estate Planning ... +2 more
The Tax Cuts and Jobs Act (the "Act") increased the federal estate tax exclusion amount for decedents dying in years 2018 to 2025. The exclusion amount is for 2019 is $11.4 million. This means that an...
See Full GuideThe general rule is that the agent under the power of attorney must act in the utmost good faith and undivided loyalty toward the principal. With this is the requirement that the agent exercise her au...
See Full GuideQuestion: My sister is the Executor of my mother’s estate. She had three children and we all share the estate equally. My sister sent me a Receipt and Release Agreement proposing a distribution to me ...
See Full GuideWhen an attorney supervises the execution of a last will and testament, a presumption of due execution arises, meaning that the law assumes that all of the proper statutory formalities were followed w...
See Full GuideThe executor is a "fiduciary" and must administer the estate in accordance with the decedent’s wishes as stated in the will. Being a fiduciary means that executor must place the interests of the estat...
See Full GuideOnce you have collected the assets of the estate, paid the expenses, debts and taxes you are ready to close the estate. In order to close the estate you should prepare what is known as an accounting. ...
See Full GuideThe Tax Cuts and Jobs Act (the "Act") increased the federal estate tax exclusion amount from $5 million to $10 million indexed for inflation for decedents dying in years 2018 to 2025. This amount is i...
See Full GuideThe person selected to act as the Executor can be anyone that the testator wants to be in charge of administration of the estate. There is no requirement that the Executor have any experience or exper...
See Full GuideNew York state has a new savings plan, called the New York Achieving a Better Life Experience (NY ABLE) program, designed to help individuals with disabilities maintain their health, independence and ...
See Full GuideIf you have been named as a trustee of someone’s trust, you may be wondering what you are supposed to do. It is important that the trustee understand their duties and responsibilities. The most import...
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