As of September 12, 2010, New York’s Power of Attorney, having undergone a major revision just last year, has been amended to clear up the confusion and unintended consequences of last year’s major overhaul of the power of attorney form. All prior powers of attorney are still valid. One important change is that revocation of… Read More »
Blog Posts Page 9
Jennifer Aniston, Politically Incorrect?
In the latest controversy this year over the use of the word retard or retarded, Jennifer Aniston used the word “retard” self-deprecatingly on Regis and Kelly Live while describing how she plays dress-up for a living. The Oxford English Dictionary defines a retard as a mentally disabled person. From Wikipedia: Mental retardation (MR) is a… Read More »
Small Business Guide to IRS Audit
A new video series “Your Guide to an IRS Audit” follows three hypothetical small business taxpayers step-by-step through the audit process.
Temple Grandin–A Beautiful Mind
Temple Grandin, the child without a voice, has become the voice of reason for autism.
Small Businesses Need Minutes of Meetings
Why Does a Small Corporation Need to Keep Minutes? Corporate minutes are a reflection of the decisions of the Board of Directors. Even more importantly, corporate minutes are an indication that formalities of the corporation are being kept. If involved in a lawsuit, one way an attorney will attempt to reach personal assets of the… Read More »
Federal Help for Mentally Ill NY Youth in Custody
“Until now, the state did not have a single full-time psychiatrist on staff to treat youthful offenders.” This is the most startling sentence in this NYTimes article detailing the settlement which allows the federal government to oversee four of New York’s juvenile prisons. New York’s juvenile prisons are the place where troubled kids are locked… Read More »
Divorce and Special Needs Children
Raising a child with special needs is hard on marriage. Today, the divorce rate among all couples is over 50%. Although statistics differ, there is no question that divorce rates are even higher among parents of children with special needs. When a couple divorces, it is even more important to consider the financial needs of… Read More »
New York Religious Corporations Law
It makes sense for religious organizations such as churches, temples, synagogues and other religious nonprofits to form corporations. Incorporating enables the religious organization to enjoy the benefits of limited liability and other attributes of corporate entities. In New York, religious corporations are controlled by both the Religious Corporations Law (RCL) and the New York Not-for-Profit… Read More »
Long Island 501(c)(3) Not-for-Profit Formation
What is a nonprofit organization? Terms: Some confusion exists because of the different names for these organizations: Not-for-profit, non-profit, nonprofit. These terms are used interchangeably in the charitable world. Are nonprofits the same as 501(c)(3) organization? While almost every 501(c)(3) organization is a nonprofit, not every nonprofit has 501(c)(3)status. A nonprofit organization such as a… Read More »
The Difference between Medicaid and Medicare
Previously, I discussed the differences between Social Security Disability Income (SSDI) and Supplemental Security Income (SSI) . Two other government programs that frequently confuse people, including professionals, are the differences between Medicaid and Medicare. Medicare Medicare is a health insurance program for persons over the age of 65 and for those with certain disabilities who… Read More »