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 […]

Grounds for Contesting a Will

Grounds for Contesting a Will
Learn about the grounds for contesting a will in this video for guidance. Then, give our Buffalo attorneys to get started on your case today. As an experienced New York Estate Planning Attorney, I often get questions from clients regarding the grounds for contesting a will in New York. There are 4 grounds for contesting [...]

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 […]

Albany Estate Planning Attorneys

Albany Estate Planning Attorneys

Experienced Estate Planning Lawyers Providing the Highest Level of Elder Law Representation Throughout New York Most Albany residents need estate planning for the management and preservation of their assets. Estate planning can reduce or eliminate estate and gift taxes as well as eliminate probate and estate administration expenses.  It is extremely important to have a […]

Albany Power of Attorney Lawyer

Albany Power of Attorney Lawyer

Experienced Estate Planning Attorneys Providing Durable Power of Attorneys in New York Everyone needs a properly prepared New York statutory power of attorney (POA) to avoid expensive and time-consuming guardianship proceedings. A New York Power of Attorney will save you and your family thousands of dollars and expedite the handling of your financial affairs in […]

Albany Probate Lawyers

Albany Probate Lawyers

Setting up your estate for your family is going to be beneficial for them. We don’t plan our estate for ourselves. We do it for our families. It makes their lives easier after we pass. Our attorneys can guide you through the entire probate process. Please get in contact with us as soon as possible […]

Albany Guardianship Attorneys

Albany Guardianship Attorneys

Experienced Estate Planning Lawyers Helping Establish Guardianship in New York The Albany guardianship attorneys at Friedman & Ranzenhofer are highly experienced in assisting New York residents file for guardianship.  Our attorneys will be happy to assist you in every step of the process. Read Our Free Stop Elder Abuse Guide NY Guardianships FOR INCAPACITATED Persons […]

New Rochelle Probate Lawyers

New Rochelle Probate Lawyers

Setting up your estate for your family is going to be beneficial for them. We don’t plan our estate for ourselves. We do it for our families. It makes their lives easier after we pass. Our attorneys can guide you through the entire probate process. Please get in contact with us as soon as possible […]