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 […]
Category Archives: Estate Planning
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 […]
04
Oct
Oct
Are you writing a will or looking into estate planning? Avoid common estate planning mistakes listed in this article. Then, call our lawyers. Writing Your Own Will We are often asked whether a client can write his or her own will, and we strongly recommend against it. First of all, handwritten wills are not legal. […]
12
Jul
Jul
Are you interested in the estate planning process? Check out these 3 questions about a will that we are asked often, then call us today. 1. Can You Write Your Own Will? We are often asked whether a client can write his or her own will, and we strongly recommend against it. First of […]
04
May
May
The New York power of attorney law (POA) allows you to designate an agent to manage your financial affairs. It avoids the need for time-consuming and expensive guardianship proceedings when a person becomes incapacitated. The current power of attorney form can be complex and difficult to use. The new POA law, effective June 13, 2021, amends […]