Author Archives Weinstein

NYS Estate Tax Changes: The Good News, and the Bad News

Posted by Weinstein in Blog, Business and Corporate Law, Divorce, Divorce Mediation & Collaborative Law, Estate Law, Family Law, Taxes with Comments Off on NYS Estate Tax Changes: The Good News, and the Bad News

As of April 1st New York state doubled its estate tax exemption – the amount you can leave your heirs without paying state estate tax – and it is set to rise gradually through 2019 to eventually match the federal exemption, projected by then to be $5.9 million.  That will make estate tax planning much easier […]

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Gov. Cuomo Proposes Changes to NYS Estate Tax

Posted by Weinstein in Blog, Business and Corporate Law, Divorce, Divorce Mediation & Collaborative Law, Estate Law, Family Law, Taxes with Comments Off on Gov. Cuomo Proposes Changes to NYS Estate Tax

New York is one of only fourteen states that tax estates. That means in addition to the federal estate tax, a New York estate could be paying another 9% – 16% to Albany – a fact that some believe is leading to a migration from New York to other states. Governor Andrew Cuomo’s new budget […]

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Separation and Divorce in the age of social media can be dangerous!

Posted by Weinstein in Blog, Business and Corporate Law, Divorce, Divorce Mediation & Collaborative Law, Estate Law, Family Law with Comments Off on Separation and Divorce in the age of social media can be dangerous!

Posting an angry rant on Facebook or Twitter is far more dangerous than standing on your front steps and yelling it.  Internet posts never fully disappear, and any attempt to delete your post could be construed as tampering with evidence, if someone wants to use the post in court. Click here for an interesting article […]

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Important statutory changes in NY divorce law effective January 31, 2014

Posted by Weinstein in Blog, Divorce, Divorce Mediation & Collaborative Law, Estate Law, Family Law with Comments Off on Important statutory changes in NY divorce law effective January 31, 2014

The Combined Parental Income Cap under the Child Support Standards Act, i.e., the amount of parents’ combined income that will be applied to the formula for calculating child support, has been adjusted from $136,000 to $141,000;  and The Income Cap under the Temporary Maintenance Guidelines has been adjusted from $524,000 to $543,000.

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Philip Seymour Hoffman’s Will, Problems That Could Easily Have Been Avoided

Posted by Weinstein in Blog, Business and Corporate Law, Divorce, Divorce Mediation & Collaborative Law, Estate Law, Family Law, Taxes, Uncategorized with Comments Off on Philip Seymour Hoffman’s Will, Problems That Could Easily Have Been Avoided

Philip Seymour Hoffman’s will was prepared ten years before he died.  It should have been updated, and/or prepared differently to avoid problems. Read the details here —

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Five Estate Planning Considerations for New Parents

Posted by Weinstein in Blog, Business and Corporate Law, Divorce, Divorce Mediation & Collaborative Law, Estate Law, Family Law, Taxes with Comments Off on Five Estate Planning Considerations for New Parents

Most new parents have become experts at planning before a baby is born.  They have created the nursery, planned for childcare and some have even started planning for the unborn child’s education.  All of that is great.  But don’t let your planning stop there – creating an estate plan is another essential you simply cannot […]

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Your initial consultation with a divorce attorney.

Posted by Weinstein in Blog, Business and Corporate Law, Divorce, Divorce Mediation & Collaborative Law, Estate Law, Family Law with Comments Off on Your initial consultation with a divorce attorney.

Having that initial consultation with a divorce attorney can be a difficult and emotionally draining experience. However, there are some steps you can take to make the process a little easier. First, bring as much financial documentation as possible. Your attorney will want to discuss: – How much income you and your spouse earn, – [&hel...

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Knowledge . . . the best tool in preparing for divorce.

Posted by Weinstein in Blog, Business and Corporate Law, Divorce, Divorce Mediation & Collaborative Law, Estate Law, Family Law with Comments Off on Knowledge . . . the best tool in preparing for divorce.

One important reason why divorces do not proceed smoothly is a lack of preparation and knowledge. Too often only one spouse fully understands the family finances, which may leave the other spouse vulnerable to manipulation. When one spouse handles nearly all of the household investments and finances, it is too easy for that financially literate [&h...

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Giving trustees discretion to make trust distributions

Posted by Weinstein in Blog, Business and Corporate Law, Divorce, Divorce Mediation & Collaborative Law, Estate Law, Family Law, Taxes, Uncategorized with Comments Off on Giving trustees discretion to make trust distributions

In most trusts, trustees are given discretion as to when, and how much, of either income or principal of the trust may be distributed to a beneficiary. It is important to understand the possible consequences.

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Michael Weinstein - Attorney at Law