Introducing Corporate & Securities Law at Abrams Fensterman, LLP
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Introducing Corporate & Securities Law at Abrams Fensterman, LLP

Abrams Fensterman’s corporate and securities practice provides a broad scope of legal and business services in areas that encompass the representation of public, private, and family-owned businesses, in succession planning, mergers, acquisitions, and other strategic transactions, as well as daily corporate governance matters.   Abrams Fensterman is well versed in representing issuers and investors in...

Considering Early Retirement? Social Security Primer
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Considering Early Retirement? Social Security Primer

In our last issue we addressed the importance of the decisions we must make about when to start taking Social Security benefits and introduced certain strategies available to married couples. While many people wish to retire as soon as they can, and the number of Americans who begin receiving Social Security benefits early has increased...

Major Changes Implemented in New York State’s Medicaid Program
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Major Changes Implemented in New York State’s Medicaid Program

In our last issue of A Step Ahead, we reported that the New York State health Budget had cut funding for programs that assist the elderly and disabled and, in particular, the Medicaid program. Regulations to implement the changes had been proposed but not adopted. On September 8, 2011, the changes went into effect. They...

Guardians Have a Duty to Account
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Guardians Have a Duty to Account

Sometimes Property Management Guardians, appointed in an Article 81 proceeding, do not realize until after they have been appointed that it is their obligation to manage all of the assets and income of their ward and prepare an annual report, for the Court, detailing their activities during the year, including the income and receipts collected...

Changes in Medicaid Estate Recovery Rules May Affect Your Existing Estate Plan
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Changes in Medicaid Estate Recovery Rules May Affect Your Existing Estate Plan

Many people have incorporated Medicaid planning as part of their overall estate plans. Because the planning strategies are frequently tailored to the individual or couple, they vary greatly, making a general description of how the recent changes in Medicaid’s estate recovery rules will affect the anticipated outcome impossible. That said, we would like to provide...

Introducing Family and Matrimonial Law at Abrams Fensterman, LLP
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Introducing Family and Matrimonial Law at Abrams Fensterman, LLP

Abrams Fensterman has significant experience in representing clients who are involved in domestic disputes including those with complex financial concerns. Our attorneys understand these difficult matters and are committed to delivering the best possible outcome for each client and their family. They have proven their ability to successfully resolve the most complex and/or hotly contested...

New Secure 2.0 Act – Key Provisions That May Affect You
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New Secure 2.0 Act – Key Provisions That May Affect You

On December29,2022,President Biden signed the “Consolidated Appropriation Act, 2023” into law which includes the SECURE 2.0 Act of 2022 (“Secure 2.0”). Secure 2.0 incorporates important enhancements to regulations affecting retirement savings and ABLE accounts.   Delay in Start Date for Required Minimum Distributions (“RMDs”) – Among the most far-reaching of the changes brought about by...

Helping Our Loved Ones Manage Medication
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Helping Our Loved Ones Manage Medication

As our loved ones age, their ability to manage their medication may be compromised – by age, illness, poor memory, failing eyesight or otherwise.   The greater the number of medications, the higher the likelihood that they may become overwhelmed or make mistakes. These mistakes can be life-threatening. According to the U.S. Surgeon General, medication non-adherence...

Special Needs Planning – For the Future of your Child or Loved One
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Special Needs Planning – For the Future of your Child or Loved One

A large segment of our population is disabled, either physically, intellectually, cognitively, emotionally or psychologically. In a study reported in 2007 by the National Organization on Disability it was estimated that more than 54 million Americans, nearly one in five of us, are disabled. Generally, “special needs planning” is estate planning for the benefit of...