21 Aug 2009
August 21, 2009

New Statutory Short Form Power Of Attorney And New Major Gifts Rider Form Now Available For New York State

New Laws, Powers of Attorney 0 Comment

A new New York form updating and replacing the old New York Power of Attorney form has been developed and is available below on this blog. Also available on this blog is the new New York Statutory Major Gifts Rider form that must be completed in order to grant an agent under a power of.. read more →

11 Jun 2009
June 11, 2009

Sensible Estate Tax Act of 2009

Estate and Gift Taxes, Estate Planning, New Laws, Taxation 0 Comment

Under the law passed by President Bush, the Economic Growth and Tax Reconciliation Act of 2001 (“EGTRA”), there is no estate tax in 2010, and estates pay only capital gains tax; then the estate tax returns with a $1 million exemption in 2011. President Obama wants to prevent this one year gap by making the.. read more →

10 Jun 2009
June 10, 2009

Jersey Hospitals Facing Loss Of Millions In Medicaid Funds

Medicaid, New Laws 0 Comment

According to the June 8, 2009 edition of the Star-Ledger newspaper, two-thirds of New Jersey’s hospitals stand to lose money under a proposal that would change how the state doles out $400 million for patients on Medicaid. The change, slated to occur this August, has nothing to do with New Jersey’s budget woes. It’s being.. read more →

21 Apr 2009
April 21, 2009

New State Law Bars Alimony, Inheritance for Abusive, Neglectful Parents

Family Law, New Laws, Spousal Support 0 Comment

Parents who abuse, abandon, neglect or cause the death of their children will be ineligible for alimony and for inheritance benefits from their children’s estates, under a new state law signed by Gov. Jon Corzine on April 17 that takes effect in July. The new law amends N.J.S.A. 2A:34-23 to deny alimony to a person.. read more →

09 Apr 2009
April 9, 2009

Last Week Senate Voted to Exempt Estates Of Up To $10 Million From Any Estate Taxes

Estate Planning, New Laws, Taxation 0 Comment

President Bush’s tax cut law passed in 2001, called the Economic Growth and Tax Relief Reconciliation Act of 2001, Pub.L. 107-16, 115 Stat. 38, June 7, 2001 (hereafter “EGTRRA”) gradually phased out the estate tax by raising the exemption level and reducing the top rate; in 2009, only estates valued at more than $3.5 million.. read more →

18 Feb 2009
February 18, 2009

Economic Stimulus Bill Dramatically Boosts Spending for Special Education and Low Income Students

New Laws, Special Education 0 Comment

The economic stimulus bill, which President Obama signed yesterday, dramatically ramps up spending for a broad array of social programs for needy and disabled Americans. The bill raises federal spending for schools that serve largely low-income students from $14 billion to more than $27 billion. Federal support for special education, an area where local school.. read more →

14 Dec 2008
December 14, 2008

Governor Signs Predatory Annuities Prevention Act

Annuities, New Laws 0 Comment

An annuity is a type of insurance product in which an insurer, in exchange for charges (akin to premiums), makes a series of income payments at regular intervals over a set period. Senior citizens and other consumers often obtain annuity coverage for use as future retirement income. Because nearly $15 trillion dollars is invested by.. read more →

03 Jun 2008
June 3, 2008

Cash and Counseling, a Non-Traditional Medicaid Program, Is Adopted by More States

Medicaid, New Laws 0 Comment

Many states are now giving Medicaid-eligible seniors a monthly stipend they can use to hire family, friends and/or professionals to care for them at home. The program, called Cash and Counseling, already exists in 15 states and is expected to be implemented soon in 18 more. Cash and Counseling offers Medicaid consumers who have disabilities.. read more →

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