Tag Archives | gifting

GIFTING IN 2012: GREAT OPPORTUNITY DURING AN UNCERTAIN TIME

With the federal current estate tax exemption amount and rate scheduled to expire at the end of the year, much uncertainly looms as to whether Congress will enact permanent legislation, and if so, what will result. As there are several possibilities, ranging from a $1,000,000 exemption amount to keeping the current exemption amount (and alternative […]

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Haiti

Perspective on Haiti—the bigger picture. Last Tuesday’s earthquake bringing death and destruction to Haiti is just the latest of disasters to befall this nation. In just the eight years since I have been involved in and traveling to this nation, the country has also been twice devastated by hurricanes. This tiny nation finds itself in […]

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Powers of Attorney

Effective September 1, 2009, New York State enacted a new statutory form of Power of Attorney and a Major Gifts Rider.  Powers of Attorney are essential tools in estate planning and elder law planning.  If an individual becomes incapacitated and cannot communicate and handle his or her legal and financial affairs, he or she will need […]

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