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Question: I was recently appointed Administrator of my uncle鈥檚 estate, but the Decree from the Surrogate鈥檚 Court said that I must post a bond. What does that mean?

Question: I heard that the United States Supreme Court recently issued a decision that inherited IRA鈥檚 are not protected from creditors in bankruptcy; can you explain this to me?

Question: I will be turning 72 later this year and I know that I have to begin taking my required minimum distribution. I have heard that there are penalties assessed by the IRS if I do not take the distribution correctly, can you explain this to me?

As of Monday, May 18, 2020, any uncontested probate, administration and small estate matter involving an individual who passed away due to COVID-19 related causes is deemed an essential matter.

It is difficult to escape stories in the news today about the rise in COVID cases in nursing facilities in New York State and around the country. Given the vulnerability of the senior population to the virus, we were not surprised to hear in the beginning of March that the nursing homes were being 鈥渓ocked down.鈥�

Millions of Americans have already received their Economic Impact Payments (EIP) authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The Internal Revenue Service (IRS) continues to automatically send the EIP to most eligible individuals. Many have received checks payable to taxpayers who died in 2018 or 2019 since payments were based upon either 2018 or 2019 Income Tax filings.

Question: My husband passed away a couple of months ago. All of our assets were held jointly except for one of our cars, which was held in his sole name. The car is worth about $20,000.00. What do I need to do to transfer the car into my name? Do I need to go to Court?

Retirement can be an exciting new chapter in someone鈥檚 life, but it also may be stressful. The change of lifestyle and income source can lead to anxiety for many individuals reaching retirement.

Our elder law specific estate planning sometimes involves both a revocable and irrevocable medicaid asset protection trust to provide flexibility for the unknown future. One issue that comes up is when a client enters an assisted living facility is which trust can help pay the costs of the facility.

On March 21, 2020, the Internal Revenue Service (IRS) announced in IR -2020-58 that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. The IRS also announced that taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed.