» Estate Planning Law

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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Virginia Beach, VA (Law Firm Newswire) May 16, 2016 – Estate planning clients often ask about the most effective methods of protecting assets from creditors. It is always best to transfer assets prior to the time at which any claims arise. It is too late to make any transfers after there is a creditor issue. If such a transfer is made, it will be considered a fraudulent transfer. Other factors to consider are the following. If the grantor makes a gift to keep an asset from current creditors, but the grantor maintains control over the gift, then the gift may […]


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San Francisco, CA (Law Firm Newswire) May 16, 2016 – A lawsuit filed in November 2015 alleged that the California Department of Health and Human Services has deliberately failed to prevent the illegal practice of nursing homes “dumping” Medi-Cal residents into the hospital system. Nonprofit organization California Advocates for Nursing Home Reform (CANHR) filed the lawsuit in San Francisco, California, on behalf of three nursing home residents covered by Medi-Cal. Medi-Cal is California’s Medicaid program. They alleged nursing homes refuse to readmit Medi-Cal patients after temporary hospitalization in order to make room for more private pay and Medicare patients. “Many individuals […]


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Fairfax, VA (Law Firm Newswire) May 11, 2016 – Frequently, estate plans are created on the basis of assumptions that are no longer true. Correcting these assumptions may help estate planners modify the way in which they handle certain estate planning issues. Following are some factors that advisors can consider when drafting their clients’ estate plans. Planning for long-term care is becoming increasingly important as people are living longer. Covering such costs should be taken into consideration prior to making gifts. One way of focusing on these expenses is through the use of long-term care insurance policies. An estate planning […]


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San Francisco, CA (Law Firm Newswire) May 10, 2016 – Michael Gilfix and Mark Gilfix of Gilfix & La Poll Associates, in partnership with Trusts and Estates Magazine, will present an informative seminar titled “The Benefits of Multigenerational Planning” on Wednesday, May 11, 2016, at 2 p.m. ET and 11 a.m. PT. The webinar is free and is available nationwide. The seminar will cover key issues for lawyers engaged in the practice of multigenerational planning. Michael Gilfix and Mark Gilfix will share their experience as a father-son team of estate planning attorneys. Multigenerational planning provides an innovative way for parents, […]


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Roseville, CA (Law Firm Newswire) May 9, 2016 – There are many risks and disadvantages for the grantor and beneficiaries of the California Revocable Transfer on Death Deed (“TOD” deed), which became effective on January 1, 2016. In the event the decedent is indebted to anyone, the TOD deed creates a liability for the beneficiaries. In an effort to satisfy the decedent’s debts, the personal representative who is handling the probate of the decedent’s estate may require payment from any of the beneficiaries of the TOD deed up to three years following the death of the transferor. The TOD deed […]


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San Diego, CA (Law Firm Newswire) April 26, 2016 – Paula Oliveira Brunoro is now a member of a very exclusive list. She has recently been chosen for the prestigious designation BEST OF THE BAR 2016 by San Diego’s legal community. Ms. Brunoro already has an outstanding reputation as a highly skilled business and tax attorney with extensive experience assisting a wide range of domestic and international clients. Her unusually diversified talents, including fluency in Spanish, French and Portuguese, have clearly brought her respect and admiration from her colleagues, since those selected as the BEST OF THE BAR 2016 are […]


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Roseville, CA (Law Firm Newswire) April 25, 2016 – It is imperative that people understand the consequences of holding title to assets and that the ways in which the owner holds title can greatly impact the transfer of the property upon the owner’s death. Some individuals choose to add an agent to an account when they are depending on that person to help with the management of their finances. This method does not provide the agent with any ownership rights or name the agent as a beneficiary. However, it grants the agent permission to act on behalf of the owner […]


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Virginia Beach, VA (Law Firm Newswire) April 19, 2016 – Many estate plans fail to consider the fate of items that do not necessarily have great monetary value, but have much sentimental value to the heirs. Such was the case in the estate of comedian Robin Williams, whose children and third wife were fighting in court over possession of specific sentimental items, such as the tuxedo he wore at his wedding. Mr. Williams bequeathed to his three children the clothing, jewelry and personal items he had accumulated prior to his third marriage, and that appears to include his tuxedo. However, […]


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Palo Alto, CA (Law Firm Newswire) April 18, 2016 – As part of an ongoing commitment to community education around topics related to aging and long-term care, Home Care Assistance is hosting a public webinar led by Mark Gilfix on Thursday, April 21st at 10 AM Pacific, 1 PM Eastern. Home Care Assistance, the premier provider of in-home care for seniors, is excited to announce the next webinar in its widely acclaimed Healthy Longevity Series, “A Will is Not Enough: Everything You Need to Know About Estate Planning”, led by Mark Gilfix, Attorney at Gilfix & La Poll Associates and […]


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