» Estate Planning Law

Roseville, CA (Law Firm Newswire) November 30, 2016 – Effective Jan. 1, 2017, claims by California Medi-Cal Estate Recovery will be decreased to the minimal amount required under federal law. The reduction applies to those who receive Medi-Cal and who die on or after Jan. 1, 2017. The new legislation, SB 833, was signed by Governor Jerry Brown on June 27. Under federal law, the state is required to obtain an adjustment or recovery from a person’s estate for nursing facility services if the person was permanently placed in an institution. The state also had the option to secure an […]


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Fairfax, VA (Law Firm Newswire) November 28, 2016 – A considerable number of Americans are grappling with decisions concerning investments, retirement and estate planning. According to the Pain Points and Actions Report from Hearts and Wallets, an acclaimed data consulting firm, over 50 percent of those who responded to a poll said they were experiencing challenges in retirement planning. The respondents consisted of those in the latter part of their career (52 percent age 53-64), and those in the middle of their career (59 percent, age 40-52). Estate planning was especially problematic for a large amount of both pre-retirees and […]


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San Francisco, CA (Law Firm Newswire) November 15, 2016 – Many Americans approaching old age are unsure of their ability to pay for long term care, according to an Associated Press-NORC Center for Public Affairs Research report. Misconceptions persist among the aging adult population about the ways in which long term care will be financed. Around one-third of individuals aged 40 and older have not planned for their future needs, whether it is saving for a nursing home or setting aside funds for in-home care. “Planning for long term care for yourself or a loved one is essential to ensuring […]


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Roseville, CA (Law Firm Newswire) November 8, 2016 – The increasing life span for many Americans translates into the need for more financial support as they age. While men live an average of 76 years, women, on average, live for 82 years. This is a significant increase over what it was just a few decades ago. If people fail to plan for those extra years, this can end up causing great financial stress and pose a threat to the ability of the elderly to continue having a high quality of life. According to a study published by the American Association […]


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Virginia Beach, VA (Law Firm Newswire) October 28, 2016 – Under Medicaid law, there are certain security measures for the spouses of those applying for Medicaid to make certain they possess the necessary minimum support to reside in the community at a time when their husband or wife is in receipt of long-term care benefits, generally in a nursing home. The spousal protections function in the following way: if the person applying for Medicaid is married, the countable assets of both spouses are combined as of the date on which the ill spouse was admitted to either a hospital or […]


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Fairfax, VA (Law Firm Newswire) October 26, 2016 – Couples approaching retirement age and contemplating divorce, may confront problems regarding ways in which to divide their retirement accounts. The divorce rate is skyrocketing for baby boomers. According to a report by the National Center for Family and Marriage Research, between 1990 and 1994, the divorce rate among adults over age 50 doubled. And the rate tripled for those over age 65 in the same time frame. Recently, a survey conducted by the American Academy of Matrimonial Lawyers found that retirement accounts and pensions were second only to alimony as the […]


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Fairfax, VA (Law Firm Newswire) October 19, 2016 – Many people are of the opinion that if they bequeath money to charity upon their death, there will be a lesser amount left for their family. However, an experienced estate planning attorney is able to create an estate plan that includes charitable bequests and, in several cases, divert funds that are earmarked for the IRS, back to the family and charities that are important to the client. One method of accomplishing this objective is to transfer the funds that were intended to be left to charity, to a charitable remainder trust […]


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Virginia Beach, VA (Law Firm Newswire) September 19, 2016 – In families with adopted children or stepchildren who have not been formally adopted, there can be some estate planning challenges. More attention must be given to estate planning involving a family that consists of an unmarried couple in which one member has children, either biological or adopted, who are not also the children of the other member of the couple. In such a scenario, the couple should have a thorough understanding of their estate planning options. In most cases, adopted children are treated in the same manner as biological children […]


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San Francisco, CA (Law Firm Newswire) September 8, 2016 – The Content Issue by Bigger Law Firm magazine is full of ways to bring better legal content to more people. In the feature article, Kristen Friend examines the problem of how to get your website content to stand out among an ever-increasing number of sources and competitors. Her solution entails understanding your audience’s needs and the unique value you can create. Friend explains, with specifics, how to engage your audience, give them the information they need, and promote your content to reach the right people. Brendan Conley considers the question […]


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Virginia Beach, VA (Law Firm Newswire) August 8, 2016 – Among the most significant factors to consider when establishing a business succession plan is the timing of the change of ownership. Whether the owner is planning to sell or make the business a gift, or combine the sale with a gift, the changeover should not occur prior to the identification and development of the next generation of leaders. Several estate planning methods for business succession plans work most effectively in an environment of low interest rates. Usually, when there are lower interest rates, the seller has more chances to finance […]


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Virginia Beach, VA (Law Firm Newswire) July 15, 2016 – Older workers need to be wary of some potential Medicare errors that may come up if they intend to continue working past the age of 65. Approximately one-third of Americans within the age group of 65 to 69 stay in the workforce. This rate is 50 percent higher than it was ten years ago. Thus, an increasing number of older Americans are not getting Medicare upon reaching age 65. Andrew H. Hook, a prominent Virginia elder law attorney of Hook Law Center with offices in Virginia Beach and northern Suffolk, […]


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Roseville, CA (Law Firm Newswire) June 20, 2016 – It can be challenging to administer the estate of a deceased California resident who, at one time, was a citizen of a foreign country, or the estate of a deceased non-resident of California who is the owner of real property in California. Consider the case of a deceased California resident whose most recent will was executed in another state or country. Under California law, a will that was executed in another state or nation can be enforced in California if it was completed in compliance with the law of the place […]


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Virginia Beach, VA (Law Firm Newswire) June 9, 2016 – When an individual or family has an estate plan, it is important to review the documents periodically, and to update them. It is also important to make certain that specific assets are contained within the trust. Any changes in the financial or family situation should be reflected in a revision of the estate planning documents. There are some life events that may prompt the testator to review the estate plan. “Due to changes in circumstances, it is advisable to review the estate plan whenever there is a major life-changing event, […]


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San Francisco, CA (Law Firm Newswire) June 8, 2016 – Attorney Michael Gilfix of Gilfix & La Poll has been recognized by San Francisco’s Legal Leaders as one of the Top Rated Lawyers of 2015. Gilfix was featured in San Francisco Chronicle’s supplement honoring lawyers who have received an AV Preeminent rating from independent ratings agency Martindale-Hubbell. AV Preeminent attorneys are those who have reached the heights of professional excellence and displayed the highest ethical standards. The ratings are compiled via a peer review system in which attorneys are evaluated by other lawyers and judiciary members in the United States […]


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Orlanda, FL (Law Firm Newswire) June 3, 2016 – Attorneys’ Title Fund Services, LLC (The Fund) announced the Earnest/Tighe Law Firm, P.A. has been named a Member of The Fund President’s Circle. The Fund President’s Circle is comprised of an elite group of leaders within the legal profession. These top-tier law firms have received this statewide recognition because of the commitment they have shown to their clients and to The Fund. Only 100 of The Fund’s top Member firms in 2015 received this distinction. “With The Fund President’s Circle award, the Earnest/Tighe Law Firm, P.A. ranks among an elite group […]


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Westchester, NY (Law Firm Newswire) June 2, 2016 – The Arc of Westchester’s 2016 Golfing for Kids tournament will be held on June 7th. The golfing outing aims to raise funds for the Arc of Westchester’s Children’s School for Early Development, which provides educational and social support services for children five years old or younger with autism and other special needs, and their families. This year, they are honoring Bernard A. Krooks of Littman Krooks LLP with the Advocate of the Year Award. Mr. Krooks is President of the Board of Directors of the Arc of Westchester, the largest agency […]


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White Plains, NY (Law Firm Newswire) June 1, 2016 – As part of their commitment to serving the local community, Littman Krooks LLP, Right at Home Westchester and Larry Thaul of Millenium Financial, Inc will sponsor a workshop titled “Protecting the Family Home.” This workshop will provide a discussion of the legal tools necessary to preserve assets – including the home – for the next generation while planning for the possibility that a family member will need long-term care. It will be held at the Greenburgh Library in Elmsford, New York on Thursday, June 9th from 10:00AM -12:00PM and on […]


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Virginia Beach, VA (Law Firm Newswire) May 31, 2016 – Diminished capacity can have a detrimental effect on a person’s investments. A decline in an individual’s financial capacity means that a person can no longer manage their money and financial assets, and is unable to comprehend the ramifications of investment decisions. When people lose the ability to manage their finances, they may become susceptible to investment fraud and other types of financial abuse. However, there are steps people can take to avoid or reduce the likelihood of problems for themselves and their families. For instance, they can organize important documents, […]


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San Francisco, CA (Law Firm Newswire) May 25, 2016 – A new estate planning law that went into effect on January 1 seeks to help California homeowners avoid the costly, time-consuming process of probate when leaving property to heirs. Bill AB139 was signed into law in September 2015 after previous efforts to pass the legislation failed for almost a decade. It introduces the Revocable Transfer on Death Deed (TOD) which allows individuals to transfer property to a beneficiary upon their passing without the need to set up a revocable living trust or sort out matters in probate court. Such deeds […]


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Virginia Beach, VA (Law Firm Newswire) May 23, 2016 – It can be challenging to find tax-advantaged ways to save for retirement when an individual is highly compensated. Under the general rule, workers can save $18,000 annually in pre-tax income in a 401(k) plan. However, if the worker earns over $120,000 annually, owns in excess of a five percent interest in an employer’s company, or is among the employees who earn the top 20 percent of income at the firm, the IRS considers such a worker to be a highly compensated employee (HCE). The contributions made by an HCE can […]


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