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 […]
12
Nov
Nov
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 […]
04
May
May
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 […]
15
Jan
Jan
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 […]
29
Oct
Oct
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 […]
29
Oct
Oct
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 […]
29
Oct
Oct
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 […]
29
Oct
Oct
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 […]