A closing letter is provided by the New York State Tax Department to certify no tax is due or to serve as a final receipt for the tax due. It is received after all processing is completed and should be kept as a permanent record. Most closing letters will take about 4-6 months from the…
Federal estate tax exemption: $5.12 million for individuals. Lifetime tax exclusion for gifts: $5.12 million. Generation-skipping transfer tax exemption: $5.12 million. The annual gift tax exclusion: $13,000. If you or a family member need assistance with estate gift tax call me at (716) 542-5444.
An Elder Law Attorney’s professional obligation lies with the client – not the client’s family. This means if relatives seek legal services from the same attorney, professional ethical standards relating to potential conflicts of interest must be met. When an older individual lacks the capacity to become a client, the lawyer may be able to…
Arranging for Long Term Care Don’t wait until a crisis occurs to plan. Advanced long‐term care planning is crucial. Many middle class New York seniors are faced with the prospect of a double disaster –first they may lose their health, and second, they may lose their lifetime savings to the catastrophic costs of long‐term care. Friedman…
How to have sufficient resources and income at retirement to support your preferred lifestyle. Where to live during retirement. Which estate and financial strategies, such as long‐term care insurance, to pursue for potential health and long‐term care needs, in order to reduce estate taxes and avoid probate. How to set up and guide substitute decision‐makers…
Elder Law attorneys bring a different perspective to the delivery of services to their clients. They use a multi‐disciplinary approach to help seniors, people with disabilities and their families in a caring, compassionate way to preserve dignity for such individuals. Elder Law attorneys look at what is best for the aging client from all points of view in an…
Elder Law concentrates on legal representation, legal counseling, and assistance to seniors, people with disabilities and families with a variety of legal issues, from estate planning to long term care issues, with an emphasis on promoting the highest quality of life for the individual. Elder Law attorneys use a multidisciplinary approach, addressing medical, financial, legal,…
The most important considerations for a successful attorney-client relationship are trust and communication. You must feel comfortable that we are going to work with your best interests in mind. Concurrently, you must be honest with us about your expectations and concerns. We understand that the process and issues can be overwhelming and that we must…
In general, the more organized and complete your information, the easier and less costly it will be for us to assist you. Make a copy of all of your important documents, such as your birth certificate, tax return, prior wills, Medicare or Medicaid applications, and social security benefit information, documentation on any trusts or other assets, or…
