The U.S. Treasury and IRS have published updated figures for various provisions of the Internal Revenue Code for the year 2024. The estate, gift, and generation-skipping tax exclusions are: The Unified Credit Against Estate Tax basic exclusion amount and the generation-skipping transfer tax exemption will be $13,610,000 under Section 2010. The Annual Exclusion for Gifts will […]
05
Jan
Jan
Financial exploitation, as defined under New York State Social Services Law Section 473 (6)(g), is the improper use of an adult’s funds, property, or resources by another individual. It includes these crimes: fraud, false pretenses, embezzlement, conspiracy, forgery, falsifying records, coerced property transfers, and denial of access to assets. The following are examples of elder […]
05
Jun
Jun
The Centers for Medicare & Medicaid Services (CMS) have posted the first set of underlying coronavirus disease 2019 (COVID-19) nursing home data. On April 19, 2020, CMS announced the requirement that nursing homes inform residents, their families, and their representatives of COVID-19 cases in their facilities. Nursing homes are also required to report COVID-19 cases […]
20
Feb
Feb
Adult children are not responsible for their parent’s nursing home bills under New York state law. Also, federal regulation 42 CFR Part 483, Subpart B. Section 483.15 prohibits nursing homes from requiring a third party to be personally liable as a condition for admission. However, children often unwittingly become personally liable by signing the nursing […]
02
Jan
Jan
Everyone knows that nursing home care in Buffalo is expensive, but when family and home health aides are no longer able to provide a loved one with the level of safety and care they require, it becomes necessary to find residential solutions. At Friedman & Ranzenhofer, our Buffalo nursing home lawyers help seniors and their […]
05
Aug
Aug
When a person dies in Buffalo without a will, they are said to be “intestate,” and their property will be allocated according to New York’s laws of succession. A spouse will be the legal successor, which is shared with children if the marriage yielded children. Without a spouse or children, any surviving parents are the […]
National Senior Health & Fitness Day is being celebrated at a completely free fair on Wednesday, May 28, 2014 from 11AM to 2 PM at the Akron-Newstead Senior Center, 5691 Cummings Road, Akron, NY. The goal of this health and fitness day is to promote the importance of regular physical activity and to improve the […]
Under New York law, a non-New York resident is allowed to be an Executor, Trustee, or Administrator of a New York trust or estate. If you are not in New York and have been named as Executor, you may feel overwhelmed and may be unsure of what to do. Fortunately, most of the correspondence and […]
Many clients are fearful about their loved ones going through probate when they pass away. They may have heard horror stories about how complicated, expensive, or time consuming probate is. Whether your estate has to go through probate depends on which assets you own, how they are titled, and whether you have completed transfer on […]
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