Make an Appointment with an Attorney

Schedule an appointment

(914) 684-2100 White Plains

(212) 490-2020 NYC

Make Charitable Giving Part of Your Estate Plan

Charitable giving is a way to benefit a good cause while also earning tax advantages. However, there are ways to make charitable gifts even more advantageous, both during one’s lifetime and as part of one’s estate plan. One method is to donate appreciated securities. If you own stock that has appreciated over time, you may owe a long-term capital gains tax if you were to sell it, so it is …

Read More

In the past, making alterations to irrevocable trusts was an expensive and public process that was generally done through the courts.  In 1992, New York was the first state to enact a decanting statute.  In 2011, this statute was amended, making it easier to alter irrevocable trusts. Trust decanting is a powerful tool which allows trustees to shift assets from one trust to a new trust. The ability to decant …

Read More

The Social Security claiming strategy known as “file and suspend” is often used by married couples entering retirement, but it can be useful for single retirees as well. Most people approaching retirement age are aware that the decision of when to start taking Social Security retirement benefits affects the amount of the payments. Retirees can start accepting benefits at age 62, at age 70, or somewhere in between. The longer …

Read More

Community Center Offers Programs for Seniors and Children

A new intergenerational community center has opened in White Plains. The Lanza Family Center for All Ages opened February 24, 2015. It is modeled after the award-winning My Second Home in Mount Kisco, also operated by Family Services of Westchester (FSW). Seniors benefit emotionally, socially and physically from being around children. Rita Bellamy, the director of My Second Home, said that the intergenerational aspect helps seniors experience a sense of …

Read More

Managing the Legacy of a Family Business

There is a lesson to be learned from Tywin Lannister, the influential patriarch of Game of Thrones. Despite amassing great wealth and power throughout this life, his attempts to create a business legacy for his family failed. A family-owned business is a hard-won commodity and is considered a legacy to be passed from one generation to the next. However, that legacy is often lost in the transition because of poor …

Read More

Bill Overhauling Medicare Passes in the House

By Alberthe Bernier, Esq. – Before the House adjourned for a two-week recess, representatives passed legislation overhauling the outdated method for paying physicians who accept Medicare.  Physicians and seniors across America are breathing a sigh of relief, as the bill ensures access to better healthcare services and professionals, many of which quit treating Medicare patients altogether due to the dysfunctional Sustainable Growth Rate Formula (SGR) implemented in 1997.  Here are …

Read More

By Tom Breedlove, Director, Care.com HomePay As the April 15th tax filing deadline gets closer, those who have put off their taxes until the last minute – and there are a lot of us – are apt to forgetting minor details that can impact our returns. In the household employment world, two commonly overlooked tax-time items for New York families are the federal and state dependent care tax breaks. To …

Read More

How working after retirement affects Social Security

A growing number of people continue to work after retirement, some to supplement their income and some simply to stay active. Most retirees can continue to work without any negative effects on their Social Security benefits. There is no reduction in Social Security benefits for those who continue to work, as long as they have reached full retirement age. For some, Social Security benefits may actually increase, because benefits are …

Read More

If You Want to Withdraw from Medicare Advantage

Medicare recipients choose to withdraw from Medicare Advantage for a variety of reasons, including difficulties accessing their provider, coverage problems, premium increases and issues with Part D coverage. Medicare Advantage enrollees have through February 14, 2015 to withdraw from their Medicare Advantage plan and instead receive Medicare Parts A and B through Original Medicare. During this period, recipients can also join a Prescription Drug Plan (PDP) if necessary. There are …

Read More