DECEMBER 2021 • LONGISLANDPRESS.COM 55
Kidz Psychological Services
Kidz Conference Services
BEST LAWYER
BEST LAW FIRM
BEST REAL ESTATE ATTORNEY
2021
Helping Kidz Reach
Their Full Potential
Kidz Therapy Services
Kidz Educational Services
ALEXANDER PAYKIN, ESQ.
Kidz ABA
(212) 858-9112
Manhattan:
45 Rockefeller Plaza, 20th Floor
New York, NY 10111
855-NYC-ATTY (855-692-2889)
Queens/Nassau:
99 Tulip Ave, Suite 408
Floral Park, NY 11001
2021
(516) 464-6446
Long Island:
560 S Broadway
Hicksville, NY 11801
WINNER
BEST LAWYER
WINNER
BEST LAWYER
We are a boutique litigation and complex transaction
firm, serving the New York City metro and
Long Island areas, focusing primarily on real estate
and commerce/business litigation,
and business transactions.
2022
Call Us:
(516) 806-6969
Email Us:
Info@FamilyofKidz.com
Visit Us:
FamilyofKidz.com
We offer Early Intervention and Pre-
School evaluations and services to
young children and their families during
this critical developmental period.
Kidz Psychological Services
offers Online and In-Person
Counseling and Mental Health
Services.
Kidz Conference Services offers
workshops and trainings that
enhance the professional
development of service
providers.
We partner with school districts to
deliver therapeutic, educational,
and behavior support services, as
well as comprehensive evaluations,
to school-age children.
Kidz ABA provides health
insurance-funded Applied Behavior
Analysis (ABA) services to
individuals with Autism Spectrum
Disorder.
Kidz Therapy Services, PLLC is a NYS Provider of Early Intervention evaluations and services and under contract with NY State Department of Health. Evaluations and services are available at no cost to parents, but
health insurance may be accessed. Kidz Therapy Services, PLLC is a NYS approved multidisciplinary pre-school evaluation site and under contract with local municipalities. Evaluations and services are provided at no
cost to families based on the individual needs of the pre-school child found to have a disability, as determined by the CPSE of the local school district.
POWER OF YOUR ATTORNEY
ESTATE TAX PLANNING:
GIFTING TO HEIRS
BY JENNIFER B. CONA, ESQ.,
CONA ELDER LAW
As the holiday season is
upon us and the tax year is
coming to a close, it is a good
time to consider making taxadvantaged
gifts to your loved
ones and heirs. There are many
any budget, tax purpose and
family need.
Annual Exclusion Gifts
Currently, you can make gifts
in the amount of $15,000 each
to an unlimited number of
and grandchildren, each
calendar year. If you have
a spouse, you can double
that amount to $30,000 per
This gift is completely tax-free
and does not count against
your lifetime tax exemption
amount. You can make gifts
with any assets, including
cash, stocks, bonds, even
part ownership in real estate.
Gifts of appreciable assets are
removed from your taxable
estate at current value and the
future appreciation is removed
as well. Keep in mind that, if
your estate exceeds the estate
tax exemption amount and
you did not make such annual
exclusion gifts, these same
assets at your death would be
reduced by the estate tax at
the time of your death, which
could shrink those very same
assets by up to 50%.
If you have a taxable estate
or are close to or above the
exemption amount, it may
make sense to make gifts above
the annual exclusion amount.
Regularly assess the current
estate tax rate with your
to make gifts above the annual
exclusion amount.
College
Savings
Plans and
Medical Expenses
There are other ways to
without incurring gift or estate
tax consequences, such as
investing in education savings
plans (529 plans). You may
also make direct payments
of tuition tax-free, provided
you make the payment
directly to the educational
institution, including colleges
and universities, as well as
primary, secondary, and high
schools. You may also pay
medical expenses and health
insurance costs on behalf
of your heirs tax-free, again
provided you pay the expenses
directly to the provider.
Note that these transfers of
assets are NOT free and clear for
Medicaid eligibility purposes
and will cause a penalty if made
during a lookback period. One
you meet with your Cona Elder
best course of action for you
and your family.
Jennifer B. Cona, Esq. is the
Founder and Managing Partner
of Cona Elder Law, an award-
in the areas of elder law, estate
/FamilyofKidz.com
/LONGISLANDPRESS.COM
link
link