This presentation is designed to provide new attorneys with a primer on the basic techniques used in planning estates and transferring wealth in New York State after the passage of the American Taxpayer Relief Act of 2012, as well as changes to the New York State estate tax law.
Attorney Michael J. Feinfeld explains some of the most important components of a will and explores key issues regarding the testamentary transfer of various types of property. Techniques for proper drafting of guardianship clauses and trust for minor children are also discussed.
In addition, the course covers the basic methods necessary to protect individuals who are disabled or who should require long term care or a guardian in New York State.
With respect to elder law and long term-care planning, Mr. Feinfeld explains the standards of eligibility for Medicaid. Additional discussion points include: which types of property are viewed as resources for Medicaid, the “look back period,” and the types of planning strategies used to preserve assets from counting against individuals' Medicaid eligibility.
Mr. Feinfeld reviews the basics of adult guardianships as well. Article 81 Guardianships of disabled and incapacitated adults and Article 17A Guardianships of developmentally disabled persons also appear in the discussion.
I. Understand and identify the different clauses and components of a Will
II. Comprehend key issues concerning various types of properties and interests that may be passed at death
III. Grasp how to ensure protection of minor children through guardianship designations and minors' trusts
IV. Detail the changes to the federal and New York State estate tax laws and tax planning strategies since 2013
V. Understand the current rules for Medicaid eligibility for long term care and basic Medicaid planning strategies
VI. Explore the processes for appointing guardians for incapacitated and disabled adults pursuant to Article 81 of the New York State Mental Hygiene Law and Article 17A of the New York State Surrogate's Court Procedure Act
This course originally appeared as a part of our June 2015 Bridge the Gap Event.
Michael J. Feinfeld joins Lassar & Cowhey LLP as a Senior Associate in the Firm's New York City office. For over nine years, Mr. Feinfeld has concentrated his practice of law on estate planning and estate and trust administration for busy New Yorkers and their families at several boutique law firms in and around New York City. Mr. Feinfeld draws from a broad base of experience helping clients of all income levels with their estate planning and estate administration matters, from clients with small estates to high net worth clients. In addition, Mr. Feinfeld frequently administers decedents' estates and trusts before the Surrogates' Courts throughout New York City, Westchester and Long Island. He has extensive experience planning, drafting and administering wills and trusts, including revocable living trusts, life insurance trusts, GRATs, QPRTs, Crummey trusts, credit shelter trusts and QTIP Trusts to meet his clients' succession and tax planning needs.
Mr. Feinfeld has given presentations and webinars on various aspects of estate planning, estate administration and tax. He is also a co-editor and update author of the 2014-2015 and 2015-2016 Editions of the Thomson Reuters’ estate planning treatise, Planning an Estate: A Guidebook of Principles and Techniques with Frederick M. Sembler, Esq., and he recently finished editing the 2016-2017 edition of the treatise due out this winter.
The program with specific for what I was looking for and may not apply to my colleagues
Excellent and informative program. One of the best and most concise explanations of a legal topic in a 90 minute presentation that I have ever seen. Thank you.
Speaker was very knowledgeable in this field of estate law
Excellent program for new attorneys.
Very helpful presentation with a seasoned attorney, thank you.
Excellent presentation, lots of material presented in an orderly and logical fashion.
Useful summary of law
Great overview, thanks!
Very informative and well delivered. Thank you !
Instructor was excellent and engaging! Thank you!
Very in depth, accurate, useful seminar. The presenter did an excellent job covering all the major and important issues step by step. Excellent!!!
I thought the pesenter was very knowledgeable and presented the material in an easy to understand manner.
Good for my own personal use.
It was very informative.
He was terrific; covered a lot of material in an understandable manner.
Simple and very clear lecture...good job
This program was simply excellent. It is one of the best I have taken.
A lot of good content.
Nicely done primer of an essential practice area. Covers lots of material in a short time.
Basic but a good overview of estate planning for elders.
he was good
Great nuts and bolts presentation
Good class. Practical and clear information was presented.
very informative, REALLY ENJOYED!
Very good. Concise and informative.
good refresher course
I really liked his approach
Very knowledgeable speaker and perfectly paced presentation.
This was terrific!
Good presentation of wills and long term care issues.
The presenter did an excellent job covering a wide variety of sometimes complex issues. Well done.
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