Category Archives: Estate Planning

Link between religious beliefs and end of life decisions

A recent medical study indicated that there is a link between religious beliefs and the types of end of life decisions people make. The BBC reported in Pious ‘fight death the hardest’ that “people with strong religious beliefs appear to … Continue reading

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Estate planning during a recession

For an article on some estate planning considerations (and reconsiderations) during a recession, see Smaller Though It May Be, It’s Time to Look at the Estate, by Paul Sullivan, New York Times, 3/20/2009. Excerpts from the article: The biggest issue, … Continue reading

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Risks of stranger-originated life insurance policies (SOLI or STOLI)

Stranger-originated life insurance policies are pitched as cost-free and risk-free for the insured, but they actually pose significant risks. Continue reading

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Power of attorney created under the old New York statute still valid after 9/1/09

A valid New York power of attorney created prior to September 1, 2009, will remain valid after September 1, 2009. The agent does not have to be re-appointed using the new statutory short form. Continue reading

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Litigation over stranger-originated life insurance policies (SOLI or STOLI)

The New York Law Journal recently reported on a case involving a life insurance company’s refusal to pay a death benefit on a policy it considered a “stranger-originated life insurance” policy (known as SOLI or STOLI policies). In ruling on … Continue reading

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Estate Planning, Halacha and the Jewish Law of Inheritance

The question of whether wills are recognized by Halacha involves some of the fundamental concepts of Halacha (Jewish law) under a secular legal system. Rabbinic responsa regarding specific conflicts between the Jewish Law of Inheritance and the law of the … Continue reading

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New POA law delayed

On February 25, 2009, Governor Paterson signed legislation extending the effective date of New York’s new power of attorney law to September 1, 2009. Continue reading

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New York’s revised power of attorney statute (#2)

Discussing the requirements of New York’s revised Power of Attorney statute, the new Statutory Major Gifts Rider, third party acceptance, and the special court proceeding to compel acceptance. Continue reading

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New York’s new power of attorney law

Some details on New York’s new power of attorney short form, including the elimination of separate forms for durable, nondurable and springing powers. The single form, unless modified, gives durable powers. Continue reading

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