When you die your estate is not subject to the federal estate tax if the value of your estate is less than the “exemption amount” (Federally) or the “basic exclusion amount” in New York State. For people who pass away in 2022, the Federal exemption amount will be...
Preserving & Protecting Your Family’s Assets & Legacy
Year: 2021
What should a good estate plan contain?
Creating an estate plan is a crucial element in caring for your family. In order to situate your loved ones on a successful path, it is important to understand what documents you should have in place. Although each estate plan is unique to the client’s particular...
Eyewitness case example from a long island personal injury attorney
I represented an attorney who was injured in a car accident. She was making a left turn when her car was struck violently by a car who was speeding with no headlights on (it was dark out), who left the scene of the accident. The other car was going straight and would...
How can you address estate planning with your parents?
Do your parents’ have an estate plan? Most people do not want to think about something happening to their parents, but it is something you need to think about and plan for, particularly with aging parents. According to Money Crashers, only 42% of Americans have a Last...
Oral claim for one-third of an estate hits snag in court
The passing of a loved one is not an easy transition and many experience financial troubles on top of the grief. While family members are the usual people dealing with this stressful period, close friends and companions are just as susceptible. In the event that these...
Witness value from a personal injury attorney
The value of an independent eyewitness cannot be overstated. If you are in an accident, get identifying information on any witnesses – name, phone number, address. See if they will wait for the police and if so, have the police take their information and their...
3 things to know when naming a health care proxy
Without warning, serious illness or injury may strike, leaving people unable to make medical decisions for themselves. Who will speak up for them when they cannot give voice to their wishes? As part of their estate plans, many people create advance care directives,...
Futterman Lanza and two of our attorneys have been nominated for Bethpage Best Of Long Island Awards
has been nominated as the best law firm on Long Island, and Aaron Futterman and Barrie Bazarsky have been nominated as the best lawyers in the “Bethpage Best Of” Awards! You can vote daily until December 15th and we appreciate your...
Drowsy driving and traffic accidents
If you feel very tired, it is pivotal to avoid driving if you are unable to focus on the road. Every year, many drivers get behind the wheel even though they did not get enough sleep or suffer from fatigue for some other reason. This puts lives in danger, and when...
What should I know about a pour-over will?
The complexities of estate planning can sometimes result in mistakes. For example, some people create a trust to provide for their heirs only to forget to fund the trust. If you fail to fund your trust with your assets, it will have nothing to distribute to your...
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