Michal Lipshitz - Burner Law Group, P.C.



Michal Lipshitz
Burner Law Group, P.C.
45 W 34th St, Suite #1203
New York, NY 10001

212-867-3520

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Michal Lipshitz
Burner Law Group, P.C.

Attorney Profile
Law School

Hofstra University
2011 - 2014

Website

https://burnerlaw.com/

212-867-3520


Michal Lipshitz earned her Juris Doctorate degree from Hofstra University School of Law where she was a clinician in the Mediation Clinic and a member of the Jewish Law Student Association and the Sports and Entertainment Law Society. During law school, Ms. Lipshitz completed an externship with Judge Esther Morganstern at the Kings County Supreme Court, Integrated Domestic Violence Division and interned at various law firms that specialized in Family Law and Trusts and Estates Law.

In 2020‚ for the second consecutive year, Minneapolis-based Law & Politics publishers of Super Lawyers magazines announced that Michal had been named as a Rising Star Attorney. Super Lawyers, published in the New York Times Magazine, is a listing of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement in their respective fields. Each year, no more than 5 percent of the lawyers in the state receive this honor.

Michal is a member of the New York City Bar Association. She is admitted to practice law in the State of New York and New Jersey. Since being admitted, she has worked as a Trust and Estates attorney, specializing in trust and estate administration, including court appearances, and assisted in estate planning and tax matters.

Ms. Lipshitz currently lives in New York City. On her free time, she enjoys bike riding, traveling, reading and attending social events.


Michal Lipshitz's Law Posts

An EIN, also known as a federal tax ID number, is a nine-digit number that the Internal Revenue Service (“IRS”) assigns to identify an entity for tax reporting purposes. An EIN functions like a social security number. Whether your trust requires its own EIN depends on the type of trust that you have. Learn more in our latest blog post.

Whether your trust requires its own EIN depends on the type of trust that you have. An EIN, also known as a federal tax ID number, is a nine-digit number that the Internal Revenue Service (“IRS”) assigns to identify an entity for tax reporting purposes. An EIN functions like a…
burnerlaw.com

Couples in which both spouses are U.S. citizens receive the benefit of the unlimited marital deduction on federal estate and gift taxes. But what if you have a foreign spouse? A Qualified Domestic Trust (“QDOT”) allows the marital deduction for property passing to a non-citizen surviving spouse. It does not avoid estate tax, just defers it until the surviving spouse’s death. Visit our blog to learn more about QDOT and how it can fit in your estate plan.

Couples in which both spouses are U.S. citizens receive the benefit of the unlimited marital deduction on federal estate and gift taxes. The idea is that the surviving spouse pays the estate at their death. But what if you have a foreign spouse? Transfers from a U.S. citizen to a…
burnerlaw.com

Before transferring property, it is important to determine who holds ownership of the property. While many clients assume that they are the owner, or think they know who is, there have been many instances where that was not the case. The Automated City Register Information System, more commonly referred to as “ACRIS”, is New York City Department of Finance’s online portal. The portal allows one to view property records (such as deed filings), calculate property taxes, apply for exemptions, and prepare transfer tax forms.

The Automated City Register Information System, more commonly referred to as “ACRIS”, is New York City Department of Finance’s online portal. The portal allows one to view property records (such as deed filings), calculate property taxes, apply for exemptions, and prepare transfer tax forms. This system is used for all…
burnerlaw.com

As long as the house continues to be your primary residence, Medicaid cannot put a lien on the home. There are still important planning tools to consider to protect the home should you need Medicaid in the future, or to avoid a lien on the home at the death of you and your spouse. Head over to our latest blog post to find out more about these tools.

The simple answer is no.  So long as the house continues to be your primary residence, Medicaid cannot put a lien on the home. Generally speaking, to qualify for nursing home Medicaid (also known as Chronic Care Medicaid), a Medicaid applicant can have up to $15,900.00, not counting tax-deferred retirement…
burnerlaw.com

The Consumer Directed Personal Assistance Program (CDPAP) allows Medicaid long term care recipients to choose their own home care attendant, including family members, rather than hiring an aide from a home care agency. Check out our latest blog post to learn more about CDPAP

The Consumer Directed Personal Assistance Program (CDPAP) allows Medicaid long term care recipients to choose their own home care attendant, including family members, rather than hiring an aide from a home care agency. Under the standard Medicaid process, after Medicaid approval, the recipient undergoes an assessment with a Managed Long-Term…
burnerlaw.com

A marital trust is a type of irrevocable trust that allows one spouse to transfer assets to a surviving spouse tax free, using the unlimited marital deduction, while providing benefits not available if transferred outright. When drafting Wills for married couples, we usually include a Marital Trust to provide estate tax planning, spousal care, and Medicaid protection. Visit our blog to find out if a martial trust is a good fit for your estate planning.

A marital trust is a type of irrevocable trust that allows one spouse to transfer assets to a surviving spouse tax free, using the unlimited marital deduction, while providing benefits not available if transferred outright. When drafting Wills for married couples, we usually include a Marital Trust to provide estate…
burnerlaw.com

Giving assets away during one’s lifetime is usually done for two reasons. The first is to reduce the value of one’s estate to avoid estate taxes at death. The second is to protect assets in the event one needs long-term care covered by Medicaid. Head to our latest blog post to learn more about how to protect your assets for your loved ones.

Giving assets away during one’s lifetime is usually done for two reasons.  The first is to reduce the value of one’s estate to avoid estate taxes at death.  The second is to protect assets in the event one needs long-term care covered by Medicaid. The 2021 federal estate tax exemption…
burnerlaw.com

A credit shelter trust (CST) is an estate planning tool used for married couples to help reduce, if not eliminate, estate tax due at the death of the surviving spouse. Visit our latest blog post to find out if including a CST in your estate plan is the right fit for you.

A credit shelter trust (CST) is an estate planning tool used for married couples to help reduce, if not eliminate, estate tax due at the death of the surviving spouse. Federal Estate Tax The current federal estate tax exemption is $11.7 million. This means individuals can gift up to the…
burnerlaw.com

When creating a last will and testament or a living trust, there are certain planning techniques that can be advantageous to those who inherit your assets. One such technique is distributing assets to your beneficiaries in trust to provide them with creditor protection, which they would be unable to create for themselves.

When creating a last will and testament or a living trust, there are certain planning techniques that can be advantageous to those who inherit your assets. One such technique is distributing assets to your beneficiaries in trust to provide them with creditor protection, which they would be unable to create…
burnerlaw.com

There is a new simplified power of attorney coming to New York State. A power of attorney is a legal document which appoints an Agent to act on behalf of the Principal with regards to the Principal’s financial and legal matters. On December 15, 2020, Governor Cuomo signed Assembly Bill A5630A to help simplify the power of attorney document and the execution process. The new law, which is set to go into effect in approximately 6 months, provides for several changes.

There is a new simplified power of attorney coming to New York State. A power of attorney is a legal document which appoints an Agent to act on behalf of the Principal with regards to the Principal’s financial and legal matters. On December 15, 2020, Governor Cuomo signed Assembly Bill…
burnerlaw.com

Community Medicaid, also known as homecare Medicaid, is not limited to care in one’s current home. A person is eligible for Community Medicaid so long as they reside in New York, do not require a skilled nursing facility, and meet the financial eligibility requirements. Check out our new blog post to learn more about how to quality for Community Medicaid.

Community Medicaid, also known as homecare Medicaid, is not limited to care in one’s current home. A person is eligible for Community Medicaid so long as they reside in New York, do not require a skilled nursing facility, and meet the financial eligibility requirements. Applicants applying for Community Medicaid can…
burnerlaw.com
The Medicare program is administered jointly by the state and federal government.  Medicare is available to adults 65 years of age and older, or to anyone under the age of 65 who is entitled to Social Security Disability. Medicare provides varying levels of medical coverage, depending on the plan you…
burnerlaw.com
Planning for the future can sometimes be difficult.  Creating an estate plan can give you the peace of mind you need, while also making it easier for your loved ones to handle your affairs when you die.  We often find that while our clients understand the basics of certain estate…
burnerlaw.com