US Marine Corps Landing in Glen Cove June 21! Law.” When Asked About His Feeling Sgt.Maj
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Volume XXIII No. 43 Hometown Newspaper for Glen Cove, Sea Cliff, Glen Head, Glenwood, Locust Valley and Brookville Week of 6/19/14 75C Sea Cliff Mayor Mayor Congratulates Glen Cove Day Care Graduates Bumped By Republican Party? At has Monday night campaign kick-off; Sea Cliff Mayor Bruce Ken- nedy had a surprise for his support- ers. Despite being nominated as the Republican Party candidate for the NYS Assembly in the 13th District, his designation was yanked unexpectedly last Tuesday and he will be facing a primary election. According to an article that ap- peared in Newsday Tuesday, Kennedy was deemed an unacceptable candidate by the Nassau County Conservative Party because he had performed at least one same sex marriage in his tenure as mayor. The Nassau County Republi- can Party, in an effort to maintain their alliance with the conservatives, decid- ed to switch candidates to one that was agreeable to both parties. At his kick-off, Kennedy stated, “the Marriage Equality Act was passed in 2011 and I took an oath of office to uphold the laws of the State of New Mayor Reginald A. Spinello was an invited guest to the graduation ceremonies of the children in the Glen Cove Day Care Head York. As the result of abiding to the Start program. It was a wonderful ceremony to mark the end of the nursery/pre K years for the children and the beginning of new law, the Conservative Party chose to adventures in kindergarten this fall. not endorse my candidacy.” He con- tinued that he is “disillusioned that my own party would abandon any mem- ber simply because they followed the US Marine Corps Landing in Glen Cove June 21! law.” When asked about his feeling Sgt.Maj. Daly Tribute at Monument Park: 9 a.m. on the marriage equality law, Ken- US Marines & Quantico Marine Band Lead Parade to High School: nedy stated that he believed in the 14th Amendment to the Constitution 9:30 All-Star Lacrosse Game at Noon which calls for equal protection of all citizens under the laws. He explained that when asked to officiate a marriage that he does so without prejudice as to Mayor Reginald Spinello is proud to name. From there, the US Marine Corps received the Medal of Honor twice; the ethnicity, color, creed, or who a person announce an historic celebration of Glen Band from Quantico will lead a parade first for his actions during the Battle of loves. Cove hometown hero, one of the United of 200 Marines up Dosoris Lane to Glen Peking in 1900 and the second in 1915 The Nassau Conservative and Re- States Marine Corps’ legends, Sergeant Cove High School. At the high school, for his heroism during combat in Haiti. publican committees plan to support Major Dan Daly. “We are truly honored the first-ever Dan Daly Cup all-star la- His uncommon valor continued dur- attorney Louis Imbroto, who lost a bid that Sgt. Maj. Daly’s great, grandniece, crosse game will be held between high ing World War I in the battle of Belleau last year for the county legislature and Barbara Ransweiler Harcourt of Hol- school junior boys’ lacrosse team mem- Wood. Sgt. Maj. Daly was awarded the lost a bid to unseat Lavine in 2012. brook, his only living descendant, will bers from Nassau County (team Virtue) Navy Cross, the Army Distinguished be with us on June 21. Our tribute begins and from Suffolk County (team Valor). Service Cross, and the French Croix de KENNEDY continued on page 15 at 9 a.m. in Monument Park with the re- In preparation for the game, the NY Liz- Guerre with Palm. Sgt. Major Daly’s dedication of the plaque that bears his ards professional lacrosse organization heroism prompted Major General John provided their coaches to share their ex- A. Lejeune, former Commander of the pertise with each team member. Every- Marine Corps, to say that Sgt. Maj. Daly one is invited to join us for this wonder- was an “outstanding Marine of all time.” ful event.” said Mayor Spinello. Sgt. Major died in 1937 in Glendale, Sgt. Maj. Dan Daly was born in Queens and is buried in Cypress Hills Glen Cove on November 11, 1873. He National Cemetery. Page 2 Gold Coast Gazette Week of June 19, 2014 Ask The Elder Law and City of Glen Cove Fourth of July Celebration Set Mayor Reginald Spinello and the City of Glen Cove Fourth of July Cel- Estate Planning Attorney ebration Committee invites everyone to a local, fun birthday party for our country’s 238th. The Fourth of July fun will begin at 10 a.m. with a children’s bicycle parade wheeling off from the Finley Middle School Estate Planning Isn’t Just For Millionaires horseshoe. Children may decorate their bicycle, scooter, wagon, bat- tery-powered vehicle, or stroller with patriotic colors and themes. Par- The Question: I heard that New York State just doubled its estate tax exemption. ticipants will ride from Middle School down School Street and stop at My assets are below the new exemption. Do I still need estate planning? Village Square for refreshments and patriotic songs. All children must have adult supervision; hel- The Rules: Effective April 1, 2014, the New York State estate tax exemption mets are mandatory for all increased from $1 million to $2,062,500 per person. In addition, the exemption will increase each year until 2019 when it will equal the Federal estate tax ex- cyclists. emption (projected to be $5.9 million per person at that time). The revelry continues in Morgan Memorial Park The Situation: The increase in the exemption with a concert by North- is good news for upper-middle class families. winds Symphonic Band at However, the new law doesn’t provide relief to 7:30 p.m. The music will the wealthy and actually puts them in a worse continue until the fireworks position. The new estate tax law provides that begin at approximately 9 all taxable gifts made within three years of p.m. This year’s fireworks death will be brought back into a person’s tax- able estate and that if a deceased person’s tax- are being provided by Gruc- able estate exceeds the exemption by as little as five percent, the entire estate becomes subject to estate tax. Some persons wrongly believe that if they do not have a taxable estate, they do not need estate planning. They fail to recognize that estate tax planning is just one aspect of estate planning. Many reasons to engage in estate planning still exist despite the increase in the estate tax exemption. These reasons address important issues that have nothing to do with estate taxes. The Strategy: Everyone over the age of eighteen should have an estate plan re- gardless of their level of assets. Every person should have at least a health care proxy, living will, durable power of attorney and a last will and testament with proper provisions. Non-Tax Considerations: If you wish to choose who will benefit from your es- tate upon your death rather than defaulting to the government’s plan to distribute your assets, a good estate plan includes a last will and testament. If you do not want your family to have to file a court proceeding to become your guardian and you do not want your family potentially fighting in court over who should be your guardian, a good estate plan will address appointing agents to make medical and financial decisions for you if you are no longer able to do so yourself. If you are concerned about losing your assets to the costs of a nursing home or other long- term care in the future, a good estate plan implements a plan (e.g., long-term care insurance or Medicaid planning) to protect your assets from the substantial risk that such expensive care may become necessary. If you are concerned that your beneficiaries may go through a divorce or be sued, a good estate plan includes provisions so their inheritance is best protected from a divorce, other lawsuits, and falling outside you bloodline. If you have mi- nor children, you should designate standby and permanent guardians. The Result: A proper estate plan - which addresses tax as well as non-tax consid- erations - allows you to remain in control of your life‘s important decisions and legacy decisions while also protecting the interests of your family members. Robert J. Kurre, Esq. is a partner with Kurre Schneps LLP, an elder law and es- tate planning law firm in Manhasset. He has practiced law in New York State for 24 years. Martindale-Hubbell, the preeminent attorney rating organization, has awarded Mr. Kurre an “AV” rating, its highest possible rating for legal ability The Gold Coast Gazette and ethical standards. Mr. Kurre was selected as one of Long Island’s top attor- 57 Glen Street, neys for 2014 by American Lawyer Media and Pulse Magazine. The firm can be Glen Cove, NY 11542 reached at (516) 829-7900 and its website is www.ksesqs.com. To obtain a com- (USPS008886)(ISSN10651748) plimentary copy of Mr. Kurre’s report “What Seniors Don’t Know Can Bankrupt Postmaster: Send address changes to The Gold Coast Gazette, 57 Glen Them: How To Protect The Assets of Aging and Incapacitated Persons”, please St. Glen Cove, NY 11542. Entered as second class paid postage at the email [email protected]. This information is intended as general informa- Post Office at Sea Cliff N.Y. tion and is not meant to provide specific legal advice.