The Corporate Transparency Act Rollercoaster: Treasury’s Latest Plot Twist
BREAKING UPDATE on the Corporate Transparency Act (CTA) saga. The Latest U-turn Just when we thought we had it all figured out, the Treasury Department has pulled a rabbit out of its hat. As of March 5, 2025, they’ve announced they’re suspending enforcement of beneficial ownership information (BOI) reporting requirements for U.S. citizens and domestic […]
Trustee Authority and Duties in Irrevocable Trusts: New York and New Jersey Perspectives
Trustee Authority and Duties in Irrevocable Trusts: New York and New Jersey Perspectives By Barry Janay, Esq. Irrevocable trusts are powerful estate planning tools, but questions often arise about the extent of trustee authority and whether it can be modified. This article explores the laws in New York and New Jersey regarding trustee authority in […]
URGENT: New BOI Reporting Deadlines & Compliance Rules—Avoid Penalties!
URGENT: New BOI Reporting Deadlines & Compliance Rules—Avoid Penalties! Beneficial Ownership Information Access: What You Need to Know The Corporate Transparency Act (CTA) has been a major regulatory shift for businesses, requiring them to report Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN). However, recent legal developments have created significant changes in […]
Will AI Tools Like ChatGPT Ever Replace the Human Element in Legal Advising and Representation?
Will AI Tools Like ChatGPT Ever Replace the Human Element in Legal Advising and Representation? By Barry Janay with co-author Perplexity The legal profession is undergoing a technological revolution, with AI tools such as ChatGPT increasingly being used to assist lawyers. However, the question remains: can these tools ever fully replicate the human element in […]
Funding a Trust with Life Insurance: Key Concepts and Pitfalls to Avoid
Funding a Trust with Life Insurance: Key Concepts and Pitfalls to Avoid By Barry E. Janay, P.C. Estate planning is a crucial step in securing your family’s financial future, and one powerful tool in this process is funding a trust with life insurance. At The Law Office of Barry E. Janay, P.C., we understand the […]
When is Inheritance Calculated for Estate Tax Purposes in New York and New Jersey?
When is Inheritance Calculated for Estate Tax Purposes in New York and New Jersey? Understanding the timing of inheritance calculation for estate tax purposes can be crucial for beneficiaries and executors alike. In both New York and New Jersey, the date of calculation is not necessarily the date of death, which can have significant implications […]
Personal Services Contracts in Medicaid Planning: A Crucial Tool for New York and New Jersey Residents
Personal Services Contracts in Medicaid Planning: A Crucial Tool for New York and New Jersey Residents Understanding Personal Services Contracts Personal Services Contracts, also known as caregiver agreements or family care contracts, are essential tools in Medicaid planning for residents of New York and New Jersey. These contracts formalize caregiving arrangements between family members, allowing […]
Spend Down Trusts vs. Special Needs Trusts: Navigating Medicaid Eligibility
Spend Down Trusts vs. Special Needs Trusts: Navigating Medicaid Eligibility By Barry E. Janay, Esq. When it comes to preserving Medicaid eligibility while managing assets, individuals with disabilities and their families have several options to consider. Two common strategies are Spend Down Trusts and Special Needs Trusts (SNTs). In this article, we’ll explore the differences […]
Capacity Issues in Wills and Trusts: A Comparative Analysis of New York and New Jersey Law
Capacity Issues in Wills and Trusts: A Comparative Analysis of New York and New Jersey Law By Barry E. Janay, Esq. Estate planning is a critical process that ensures an individual’s assets are distributed according to their wishes after death. Two primary tools used in estate planning are wills and trusts. However, the validity of […]
Navigating Self-Dealing Accusations in Guardianship and Probate
Navigating Self-Dealing Accusations in Guardianship and Probate By Andrew Zeitz, Esq. Guardianship is a significant responsibility that comes with strict fiduciary duties. When serving as a guardian for an incapacitated person (PING), it’s crucial to understand the potential pitfalls, particularly regarding self-dealing accusations. These issues can extend beyond the PING’s lifetime and into the probate […]