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Anthony J. Enea
As the approximately 65 million surviving members of the baby boomer generation retire, it is not unusual for them to own homes in multiple states.
The new law allows the heirs and beneficiaries of the decedent to receive the property inherited at its fair market value on date of death, thus being able to avoid capital gains taxes unless the property or assets are sold for more than their date-of-death fair market value.
All too often the roots of elder abuse are to be found in a senior being dependent either emotionally or physically on the alleged abuser.
Peter Falk’s Law is intended to ensure that children from a previous marriage, as well as other family members, are not denied the right to visit their incapacitated parent or loved one.