Estate Planning and Elder Law Blog

Estate Planning Basics Seminar

« Back to Seminars Estate Planning Basics Thursday, May 12 at 5:30 PM Join attorney Britt Burner, Esq. as she discusses the importance of having basic Estate Planning documents in place including advance directives, durable power of attorneys and last will and testaments. Also discussed will be New York State’s new Durable Power of Attorney…

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Joint Tenants with Rights of Survivorship Explained

senior couple standing outside a large home

When you buy a real estate with someone in New York State there are three ways you could take title: (i) as tenants in common; (ii) as joint tenants with rights of survivorship; or (iii)  if married, as tenants by the entirety. The word “tenants” refers to individuals who are co-owners and not to be…

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Fixing an Old Trust to Avoid Capital Gains Tax for Heirs

happy family with grandparents and children

One of the most disruptive proposals put forth last year by Congress was the elimination of the tax-free basis step up at death. Luckily for many of our clients, the legislation was never enacted. People all over the country benefit from basis-step up when they inherit low basis property which they can turn around and…

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BLG recognized in TBR’s Readers Choice issue

THANK YOU! We are beyond grateful to have been recognized as one of TBR News Media Readers Choice in the category of Attorney/Lawyer! The TBR News Media Reader Choice issue celebrates the best businesses on Suffolk’s North Shore. We appreciate the continued support from our community!

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What to Expect at Your Estate Planning Consultation

attorney and her client in consultation

An estate planning consultation is not everyone’s idea of a good time. In some cases, people have put off estate planning for years – if not decades. Discussing the taboo triad of aging, death and money makes people uncomfortable. Yet, there is nothing morbid about planning for the future.  Clients tell us that checking estate…

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Non-Fungible Tokens in Your Estate Plan

NFT written on three dice and computer chip

Although cryptocurrencies like bitcoin have gone mainstream, non-fungible tokens (NFTs) were relatively unknown until 2021. You may have heard about “Bored Apes” worth tens of thousands of dollars, “CryptoKitties” breeding,  or artist Beeple selling an NFT for $69 million through Christies auction house. And what about the billionaire Twitter founder selling his tweet? If you…

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Dying without a Will in New York State

senior couple hugging

Passing away without a Will is known as dying “intestate.”  Many people mistakenly believe that if they die without a Will their assets go to the State. If there is a blood relative that can be located, the assets do not escheat to the State. New York EPTL 4-1.1 governs distribution of assets for those…

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Questions about your trust?

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How the SECURE Act Affects Your Retirement Account

senior couple using a laptop

On January 1, 2020, as we entered another year without any idea of what was on the horizon, a new federal law took effect regarding retirement accounts. The SECURE Act, “Setting Every Community Up for Retirement Enhancement”, affects millions of Americans who have been saving through tax-deferred retirement plans.  The biggest impact falling those set…

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What is the difference between a sole benefit trust and a supplemental needs trust?

disabled client and her attorney in meeting

All supplemental needs trusts (“SNT”) are  created for the sole benefit of a disabled individual.  This type of trust is designed to provide support for a beneficiary without jeopardizing their receipt government benefits, namely Medicaid and SSI. In general, an individual receiving Medicaid or SSI can only have limited assets in their name. A supplemental…

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