Estate Planning (Wills and Trusts), Probate/Estate Administration Archives - Genser Cona Elder Law

Category Archives for Estate Planning (Wills and Trusts), Probate/Estate Administration

Holidays and Virtual Gatherings: An Opportunity to Assess

While we are enduring this pandemic and limiting physical contact with our elderly loved ones, many will turn to virtual holiday gatherings via “video-chatting.” This provides an ideal opportunity to assess your loved ones’ status and needs. Look for these signs online: Memory: Does your loved one ask the same question, or repeat the same […]

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COVID’s Wakeup Call

By: Julianne Mosher, Long Island Business News It might seem morbid to some, but people are preparing for the worst – just in case. When the COVID-19 pandemic hit New York in mid-March, law firms began to see an increase in clients inquiring about estate planning. To alleviate anxiety and plan for an untimely death, […]

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Remote Estate Planning in the Wake of COVID-19

Published in the New York Law Journal on September 11, 2020 The COVID-19 crisis delivered upheaval to most professions, and estate planning attorneys were not immune. In March 2020, Governor Andrew Cuomo issued a number of executive orders, which, among other things, required those who were not considered “essential” to work remotely rather than from […]

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Probate Process

Let Us Guide You Through the Probate Process

Considering the enormous emotional burden associated with losing a loved one, the New York probate attorneys at Genser Cona Elder Law will help you navigate the complex legal and financial considerations of the probate process. As an Executor, you’ll have several responsibilities and the process can be daunting, confusing, and a bit overwhelming. What is […]

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How COVID-19 has Impacted Your IRA in 2020

How COVID-19 has Impacted Your IRA in 2020

A series of new laws, regulations, and IRS guidance has drastically altered the Individual Retirement Account (IRA) and Required Minimum Distribution (RMD) landscape for 2020. Since IRAs are a core part of any estate plan, it is important to be aware of these changes.   The most important change is that RMDs for 2020 have […]

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What to do After Your Loved One has Passed

The COVID-19 pandemic has affected many of us with inconceivable hardships, and for some that includes the most unfortunate circumstance; the loss of a loved one. Fortunately, our experienced attorneys are here to help you every step of the way and we recommend the following initial steps: Notify the Social Security Administration and pension providers […]

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Tax Relief

COVID-19 Tax Relief

Due to the Coronavirus pandemic, the federal government has implemented tax and retirement plan relief that may benefit you. Additionally, tax planning remains an important part of preparing your estate plan and these new changes must be considered as you revisit your planning strategies.   Estate and Gift Tax Planning: The due date for gift […]

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Elder Law Attorney

Irrevocable or Revocable: Which Trust Is Right For You?

All trusts are not the same and there are many different types used for a variety of purposes. Two common types of trusts in estate planning are revocable trusts and irrevocable trusts.   Here’s an overview: Irrevocable Trust An irrevocable trust is a trust set up for asset protection purposes. The trust can hold almost […]

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Estate Administration: Small Estate Threshold Raised in New York

Probate and administration proceedings in New York State are reasonably straight forward and efficient, relative to other states, and New York law also allows for a simplified proceeding called voluntary administration for small estates with a value below a certain threshold.  Recently, the threshold was expanded from estates valued at less than $30,000 to include all estates under $50,000.   Voluntary administration […]

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How to Select an Executor

How to Select an Executor

A key component in an estate plan is selecting your decision-makers. One of those decision-makers is your executor, whom you name in your last will and testament to take charge of your estate after your passing.   The role of Executor is powerful, as the executor has access to your assets after your passing. While […]

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