NEW LAW PERMITS AUTOMATIC RENEWAL OF SENIOR CITIZEN AND INDIVIDUALS WITH DISABILITES AND LIMITED INCOME REAL PROPERTY TAX EXEMPTIONS In another response to the Covid crisis, New York State has enacted a law which allows local tax jurisdictions to automatically renew certain real property tax exemptions for 2021. The applicable exemptions are the Real Property…
Seniors’ and Disabled Right to Part Ways With Their Landlord Update! The law was amended in June 2019 to include disabled persons. The New York State Legislature amended Real Property Law §227-a in 2019 to include “individuals with a disability” as additional covered persons under the statute. Under the amended statute, any individuals…
REMOTE EXECUTION OF WILLS IS NOW PERMITTED IN NEW YORK Remote execution of Wills is now permitted in New York State. Governor Cuomo’s Executive Order 202.14, issued on April 7, 2020, finally permits what many trusts and estates attorneys, and their clients, have been waiting for – permission to conduct will-signing ceremonies remotely. People…
ESTATE PLANNING AND COVID-19 Jacobowitz & Gubits wishes all of our clients well during these challenging times. Although we are working remotely, we are fully functional via telephone, email and video conference. One thing many people are thinking about these days is estate planning. Wills and trusts are something that people frequently put off, but…
Trusts Can Provide Creative Solutions for Young Children or Problem Beneficiaries When people explore estate planning, many discuss protecting assets from long-term care costs, creditors, lawsuits, and divorces. People understandably want to guard their nest egg for their beneficiaries. A less commonly discussed (but sometimes equally important) issue is protecting assets from the beneficiaries….
What You Need to Know About Community Medicaid for Care in the Home Many people are interested in avoiding nursing homes and receiving Medicaid services in their own homes. Community Medicaid provides these services and can be an ideal solution for many seniors, but there are limitations. Here is what you need to know: 1.Community…
