Articles for Seniors

New York’s Estate Tax Dramatic Changes

April 30th, 2014 by David Goldfarb

April 2, 2014 — New York’s Estate Tax law has just undergone its most dramatic changes since the late 1990s, with long overdue increases in tax exemption that will eventually equal the Federal Estate Tax exemption, but also with a “cliff” that results in the loss of any exemption from New York Estate Taxation altogether […]

New York Elder Law

April 2nd, 2014 by David Goldfarb

For over 20 years the law firm of Goldfarb Abrandt Salzman & Kutzin LLP has advocated for people with disabilities. Concentrating in elder law, trusts & estates, and the rights of people with disabilities, we have aided countless families, attorneys, social workers and financial planners.   Health Care Coverage Estate Planning including Trusts and Wills […]

The New York State Department of Health (DOH) has announced that the new date for the transition of nursing home residents into managed care plans is slated to start June 1, 2014 (previously April 1) for new permanent placements in the downstate area. Effective June 1, 2014, in NYC, Nassau, Suffolk and Westchester counties all eligible beneficiaries age 21 and over, […]

Article 81 of New York’s Mental Hygiene Law authorizes a court to appoint a guardian to manage the personal and/or financial affairs of a person who cannot manage for himself or herself because of incapacity[1]. Not all Article 81 guardians (hereinafter “guardians”) in New York have the same powers. Guardianship orders are specifically tailored so […]

Estate Planning Resources on the Web

February 10th, 2014 by David Goldfarb

Goldfarb Abrandt Salzman & Kutzin LLP’s Trusts & Estates Articles. ABA’s Wills: Why You Should Have One and the Lawyer’s Role in Its Preparation Should I Have a Will? from Goldfarb & Abrandt LaGuru Internet Law Library: Trusts and Estates Cornell’s State Probate Statutes on the Internet Estate Planning Links National Network of Estate Planning […]

Should I Have A Will?

February 9th, 2014 by David Goldfarb

Intestate or Testate A person who dies with a will is said to have died testate. A person who dies without a will dies intestate. In either case, the person who dies is called the decedent, and the property the person leaves at death is called the his or her estate. It is always preferable […]

Reprinted with permission from Trusts & Estates Law Section Newsletter, Spring 2011, Vol. 44, No. 1, published by the New York State Bar Association, One Elk Street, Albany, NY 12207 After nine years of speculation about what would happen to the federal estate tax once its one-year “repeal” disappeared at the end of 2010, on […]

Ten Biggest Mistakes You Can Make In Your Estate Plan

February 8th, 2014 by David Goldfarb

Writing a “Top Ten” list for mistakes in an estate plan is especially challenging, as there are a myriad of mistakes that people, and their planners, can make. But in my years of being involved in all aspects of estates – from the drafting of wills, to administering estates after someone dies, to fighting in […]

Most People Should Sign A Health Care Proxy Form If you are like most people, it is a better idea to sign a health care proxy form rather than to rely on the laws of the State of New York to determine who would make health care decisions for you if you became mentally incapacitated. […]

The Family Health Care Decisions Act

February 4th, 2014 by David Goldfarb

A New Law Permits Health Care Decisions 
to Be Made For Incapacitated People in New York 
Who Have Not Signed a Health Care Proxy On March 16, 2010, Governor David Paterson signed into law the Family Health Care Decisions Act, effective June 1, 2010, which for the first time will permit family and/or friends to […]