Advance Care Planning for Gun Owners

Advance Care Planning for Gun Owners

A new tool can help gun owners and family members plan ahead for safe firearm use and transfers in the event of disability or death: The Firearm Life Plan, created by researchers at the University of Colorado and the Rocky Mountain Regional VA Medical Center in Denver. This facilitates advance care planning for guns — a […]

Planning Future Medical Decisions (NY Health Care Proxies, Living Wills, MOLSTS & DNRS

Planning Future Medical Decisions

New York estate planning attorney, Robert Friedman discusses NY health care proxies, living wills, MOLSTS & DNRS in this webinar.

How Do I Revoke My New York Health Care Proxy?

How Do I Revoke My New York Health Care Proxy

A competent adult may revoke a New York health care proxy by: Notifying the agent or a health care provider orally or in writing or by any other act evidencing a specific intent to revoke the proxy; Execution by the principal of a subsequent health care proxy; or Divorce or legal separation of the principal […]

New York Remote Online Notarization Law

New York Remote Online Notarization Law

After a New York executive order (EO) temporarily allowed remote online notarizations as an emergency measure during the Covid 19 pandemic, a new state  law permanently legalizes it. The EO, which expired on June 24, 2021, allowed notaries in New York to sign documents using audio-video technology, instead of signing and notarizing documents in person […]

U.S. Gift Tax Exclusion Increases in 2022

U.S. Gift Tax Exclusion Increases in 2022

The annual exclusion on the federal gift tax will increase to $16,000 in 2022 from 2018 to 2021 the exclusion was $15,000. The general rule is that any gift is a taxable gift, except for: Gifts that is not more than the annual exclusion for the calendar year. Tuition or medical expenses you pay for […]

New Power of Attorney Law Effective June 13, 2021

New Power of Attorney Law Effective June 13, 2021

The New York power of attorney law (POA) allows you to designate an agent to manage your financial affairs. It avoids the need for time-consuming and expensive guardianship proceedings when a person becomes incapacitated. The current power of attorney form can be complex and difficult to use. The new POA law, effective June 13, 2021, amends […]

What’s The Difference Between a NY Life Estate and a Living Trust ?

What’s The Difference Between A NY Life Estate And A Living Trust ?

To preserve your home from the devastating costs of nursing home care, you can  transfer it to your children with either a life estate deed or a deed to an irrevocable living trust. With both the NY life estate deed and the irrevocable living trust : You will avoid probate. You can preserve your home […]