Nanotechnology: Tiny Things with a Big Impact
Nanotechnology is a term used to describe technologies that manipulate matter at an incredibly small scale, even down to the level of individual molecules or atoms in some instances. Among other things, it has applications in medicine, engineering, and technology.
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Beneficiary Designation Forms: A Good Estate Plan Is Not Complete Without A Review Of These As Well
Now that you are finally getting around to having your Will prepared or updated, or even considering adding a Revocable Trust to your planning documents, it is also important to plan for those assets that are subject to a document commonly referred to as a beneficiary designation form. Most commonly, my clients inquire: Doesn’t my […]
What are my Duties as Agent on a Power of Attorney?
Your mom has appointed you as her agent on her power of attorney. Now what? All powers of attorney signed on or after September 12, 2010, must be signed by the agent (you), acknowledging your appointment in order for you to act. The power of attorney document informs the agent (you) of your legal responsibilities: […]
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Restriction On Valuation Discounts Forecasted – Gift Now
Employees at the U.S. Treasury Department have spoken publically about pending regulation changes that would significantly restrict the ability to take valuation discounts in certain circumstances. Many practitioners are recommending that their clients act now and make gift of appreciating assets to the next generation to avoid the implication of these proposed restrictions.
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Should You have a Revocable Living Trust?
A Revocable Trust is a tool used by estate planners which can work very well, if it fits the particular circumstances. A Revocable Trust does not avoid income or estate taxes, and this blog will not cover the asset protection uses for these trusts (see Protecting your Home from the Catastrophic Cost of Long Term Care […]
Insurance Coverage and the Carless College Student
In a few weeks, parents around the country will be packing up their college students and sending them off to school. And many of those students, particularly the freshman, will not have cars. That does not necessarily mean they won’t be involved in car accidents though, because carless students are always looking to borrow a […]
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Important Time Periods for New York Business Owners Contemplating Litigation
Perhaps you have seen commercials from personal injury law firms trying to convince you to call them immediately if you have been injured because your claim may be time-sensitive. While these firms are obviously trying to get your business, there is some truth in this type of statement. Virtually any claim you may have against […]
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Same Sex Marriage in New York after Obergefell v. Hodges: What Now?
There has been a tremendous sea change across the United States as it relates to same sex marriage, the majority of which has taken place almost entirely within the last decade. In the past three years alone, nearly two dozen states offered their residents some form of same sex union for the first time. On […]
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Beware of Preserving Lien Priority When Modifying Mortgages
When lenders modify the terms of a mortgage loan they should be careful to obtain the necessary consents from any junior lien holders and to record the necessary documents memorializing the modification. In general, under New York law successive mortgages on the same property are entitled to priority in the order in which their respective […]
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So You Are Being Deposed…
Hopefully you never find yourself a party to a civil lawsuit, be it as a defendant or as a plaintiff, as such matters can be stressful, time-consuming and costly. There are of course occasions where lawsuits are unavoidable such as when you served with a summons and named as a defendant. On the other side […]