Less than half of U.S. adults, 46%, have a Will that describes how they would like their money and estate to be handled after their death, according to Gallup’s polling. Americans aged 65 and older are the most likely subgroup to have a Will, with just over three-quarters saying they have one. Each younger age group […]
19
May
May
Charitable giving is a great way to give back to your community and make a difference in the world. It’s also a way to leave a lasting legacy and ensure that your values are continued after you’re gone. Including charitable giving in your estate plan is a thoughtful and generous way to support causes that […]
21
Apr
Apr
Creating a will and estate plan is an essential task that ensures your wishes are carried out after your death. However, it is equally important to periodically review and update your will and estate plan as your circumstances change. Here are some reasons why updating your will and estate plan is crucial: Changes in Family […]
29
Apr
Apr
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 […]
17
Mar
Mar
New York estate planning attorney, Robert Friedman discusses NY health care proxies, living wills, MOLSTS & DNRS in this webinar.
16
Mar
Mar
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 […]
29
Dec
Dec
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 […]