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The New York State Budget with the Secure Act and the Cares Act

Despite the current pandemic, there have been significant changes in the law which could affect your estate plan. The SECURE ACT has dramatically changed how inherited IRAs must be distributed and has clearly limited categories of individuals who may be exempt from these changes. One of the provisions of the CARES ACT, which passed as [...]

By |2020-06-19T13:11:26-04:00June 26th, 2020|Articles, Financial|0 Comments

Effects of the Pandemic – NY on Pause

The COVID-19 pandemic and New York on Pause Order issued by Governor Cuomo have brought to the forefront a lot of issues that many people have not considered. The Pause Order resulted in the closing of the Courts in New York State with these Courts handling matters virtually and employees working remotely. At this time, [...]

By |2020-06-19T13:08:36-04:00June 19th, 2020|Articles, Estate Planning|0 Comments

New York State Budget Changes and Senior Living

The 2020/2021 New York State Budget has been approved by the legislature and signed into law by the Governor. It provides for significant changes in the Medicaid rules which we have seen in 14 years. Spousal Refusal One important aspect of this budget is that spousal refusal has survived, and the Spousal Impoverishment Resource Allowance [...]

By |2020-05-06T13:11:49-04:00May 6th, 2020|Articles, Financial|0 Comments

What is the Surrogate’s Court?

Armstrong & Lamberti, PLLC specializes in a wide array of practice areas, many of which take place within Surrogate’s Court. Surrogate’s Court is a specialized court in the court system that oversees wills and assets of deceased persons. But what does this mean for you? What is Surrogate’s Court Used For? In New York, Surrogate’s [...]

By |2019-10-31T10:28:03-04:00November 5th, 2019|Articles|0 Comments

Long-Term Care Planning

Senior citizens have overcome a lot of risks in life to reach an advanced age. But the biggest risk seniors face is a lack of quality long-term care. Every year, thousands of elderly individuals suffer because they failed to plan for long-term care, even though most will need it. Long-term care can include nursing homes, [...]

By |2019-10-31T09:32:41-04:00October 31st, 2019|Articles, Estate Planning|0 Comments

What Does Power of Attorney Really Mean?

Most people have heard of the term “Power of Attorney” used in courtroom dramas, but aren’t fully aware of what the phrase means. Power of Attorney is a legal device used to grant and recognize the authority of another individual in the stead of another. What is a Power of Attorney Used For? The Agent, [...]

By |2019-09-13T15:15:06-04:00September 13th, 2019|Articles, Estate Planning, Financial|0 Comments

Funeral Preplanning

We plan out every major economic decision in our lives - a new house, a new car, a vacation - but what about our deaths? Planning out your estate is vital to the proper distribution of your livelihood; but planning out your funeral wishes can also be important. Preplanning helps your family avoid confusion and [...]

By |2018-03-21T18:18:58-04:00April 11th, 2018|Articles, Estate Planning, Financial|0 Comments

Special Needs Trust Fairness Act

The Special Needs Trust Fairness Act is part of a new set of laws produced by Congress. This new Act provides adults with special needs the opportunity to establish a Special Needs Trust autonomously. In the past, those who wanted to establish one for themselves needed to go through a parent or grandparent. If they [...]

By |2018-04-04T17:49:46-04:00April 3rd, 2018|Articles, Financial|0 Comments

The 5 Types of Elder Abuse

Elder Abuse is a very serious issue, and one that effects 4.3 million elders every year. That means that about 1 in 10 of the country’s senior citizens. Elder Abuse can come from nursing home attendants, home aids, or even family members. Abuse of the elderly can affect both men and women, almost equally. There [...]

By |2018-01-11T15:13:23-05:00January 18th, 2018|Articles, Elder Care|0 Comments