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Temporary Suspension and Modification of Laws Relating to the Disaster Emergency

Governor Cuomo issued an Executive Order relating to the current Covid-19 Disaster Emergency, effective April 7, 2020, relaxing the legal witness requirements for certain documents, and permitting the formal witnessing of many legal documents by remote means.  This means that certain estate planning documents (Health Care Proxies, Last Will and Testament, Power of Attorney) and various real estate documents (contracts of sale, closing documents, affidavits, title documents, agreements) can still be witnessed even in this day of social distancing and closed business offices.  This is good news for the elderly, the immuno-suppressed, and caregivers who are stuck at home but need to execute documents.

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Why include a Trust in your will?

Why include a Trust in your will?  A Testamentary Trust will allow you to bequest cash and/or property to a loved one, and to have the peace of mind that the monies will still be there for them when they need it, regardless of their circumstances.  

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2018 Changes in NYS Estate & Gift Tax Exemption The Estate and Gift Tax Exemption is changing in 2018. MORE>>
Trusts & Estates Glossary of Terms * Provided here is a list of legal terms frequently used when dealing with Trusts & Estates, and a simple explanation of their meanings. MORE>>
Living Trusts * The Pros and Cons of Living Trusts MORE>>
Estate Plannning * Read about the six basic estate planning documents which, once executed, can help avoid unnecessary distress, delays or high legal bills down the road. MORE>>
Estate planning for young adults Now that your child is 18… An 18 year old, while still a child in your household in your eye, is actually a legal adult under the law. That means that the law recognizes their right to privacy and to govern their own affairs. What does this mean for you as a parent sending your child off to college (or anywhere else for that matter)? Access to your child’s medical records, financial accounts or even their college grades can be barred without your child’s consent. MORE>>
Your Loved One Has Passed. Now What? Your loved one has passed and their assets need to be handled. Now what? MORE>>
Estate planning vs. convenience banking Estate planning versus convenience banking: Does setting up a joint bank account with your elderly parent confer an ownership interest in that account to you, or is it merely a “convenience” account in which you have no ownership interest upon your parent’s passing? MORE>>


* These forms are not intended for execution, but rather are merely informational.

Prior results do not guarantee a similar outcome. All information posted is general advice only, based upon the rules of NYS, and is not intended to be a substitute for personal legal advice. Although information provided here was accurate as of the date of posting, laws change frequently and rules in other jurisdictions may differ. Therefore, readers should not rely upon these postings but should consult an attorney to discuss their specific factual situation.

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