Trusts and Estates

CHANGES TO “THE LAW”

Wrongful Death: PENDING THE GOVERNOR’S SIGNATURE – both houses of the NYS Legislature have passed a bill which dramatically changes the present Wrongful Death law.  The Grieving Family Act will expand the definition of a family member to include “close family members”, including but not limited to, spouses, domestic partners, children, parents, grandparents, stepparents and …

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New Law Makes Significant Changes to New York Estate and Gift Tax

The New York State legislature passed a budget bill on April 1, 2014 which will increase the New York State estate tax exemption over a four year period to $5,250,000 and, by 2019, bring the state estate tax exemption in conformity with the federal estate tax exemption.  The increased amounts are as follows: – April …

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WHAT HAPPENS TO OUR FACEBOOK ACCOUNTS WHEN WE DIE?

Recently, an aunt of mine was clearing out some personal items and came across a letter my grandfather had written to his mother-in-law (my great-grandmother) soon after my grandparents’ honeymoon in 1924.  It was a beautiful letter- the kind that people years ago were skilled at writing, a skill not often displayed these days in …

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Concerned about the welfare of your pet if you become sick or die? Consider a pet trust.

Believe it or not, in America, more adults have pets than children.  Most people consider their pets as part of their families.  A 2007 survey of the American Animal Hospital Association found that 83 percent of pet owners refer to themselves as their pets “mom” or “dad”.   So what happens to these pets when their “parents” die …

Concerned about the welfare of your pet if you become sick or die? Consider a pet trust. Read More »

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