» Financial Planning

San Francisco, CA (Law Firm Newswire) October 18, 2017 – A survey conducted earlier this year revealed that two-thirds of adults age 40 and older feel unprepared for their own long-term care and have done little or no planning for it. In addition, an increasing number of Americans believe Medicare should pay for it. The Associated Press-NORC Center for Public Affairs Research polled 1,341 older Americans nationwide about their views on current and future long-term care. Over 50 percent of survey respondents thought the government should take on a bigger role in helping people with long-term care expenses. In comparison […]


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San Francisco, CA (Law Firm Newswire) September 22, 2017 – Gilfix & La Poll Associates is supporting the Alzheimer’s Association as an official sponsor of the 2017 Walk to End Alzheimer’s in Silicon Valley. Members of the Palo Alto, California-based estate planning law firm have also formed a team to participate in the event. “Alzheimer’s affects millions of people in the country. Any little bit we can do to help can go a long way in making a difference in the lives of those who are battling the disease,” said attorney Michael Gilfix. “Families, members of the community and participants […]


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San Francisco, CA (Law Firm Newswire) August 31, 2017 – State and federal guidelines have been updated to improve diagnosis and care for patients with Alzheimer’s disease. The California Department of Public Health recently released new Alzheimer’s guidelines for the first time since 2008. The update reflects scientific progress, as well as changes in clinical practice and laws. The guidelines are designed to help doctors and other medical professionals document and diagnose the progressive disease more easily. They will also be able to direct patients to relevant community-based programs and services. “Alzheimer’s is a medical condition that is likely to […]


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San Francisco, CA (Law Firm Newswire) August 21, 2017 – Nationally known attorney Michael Gilfix of Gilfix & La Poll Associates discusses the impact of President Donald Trump’s policies on the elderly population and individuals with disabilities in an article published recently in Trusts & Estates magazine. Titled “Trump Initiatives Affecting Vulnerable Populations,” the article provides an in-depth report and analysis of initiatives that are being ushered in by the new administration. Gilfix co-authored it with two other elder law and special needs planning attorneys for the July 2017 issue of the prestigious legal journal. “It is important for older […]


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Fairfax, VA (Law Firm Newswire) May 30, 2017 – The ability to pay for a child’s or grandchild’s education is among the most important financial objectives parents and their families have. While some parents begin planning for their children’s education with kindergarten at a private school, others may only be able to pay their children’s college expenses. The first step toward paying for a child’s education is to become informed about the various plans to save and methods of making the payments. Some plans have extra tax benefits for parents, grandparents or other people who may be interested in providing […]


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San Francisco, CA (Law Firm Newswire) May 17, 2017 – Department of Veterans Affairs (VA) Secretary David Shulkin is using the agency’s recent inability to fire an employee for misconduct to demonstrate why the lengthy process for disciplining problem workers needs to be changed. According to VA officials, an employee at the Michael DeBakey Veterans Affairs Medical Center in Houston, Texas, was caught watching pornography while he was tending to a patient. The VA removed the unnamed employee from patient care and placed him on administrative duties. However, the worker could not be fired due to the nature of the […]


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San Francisco, CA (Law Firm Newswire) April 26, 2017 – Nursing homes should implement better procedures for end-of-life directives, according to the results of a new study published in Health and Social Work. Past research has indicated that not only do advance directives help improve end-of-life care for nursing home residents but they also cut health care costs. “Advance directives honor an individual’s expressed wishes about health care. Every adult age 18 and over should sign an advance health care directive,” said estate planning attorney Mark Gilfix. “It is very important for families to discuss end-of-life wishes and health care […]


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Moorestown, NJ (Law Firm Newswire) April 25, 2017 – The New Jersey Super Lawyers list designation is bestowed upon lawyers who have been judged to have extensive professional achievements, exemplary ethical standards, and are held in esteem by their peers. The process by which an attorney is selected as a Super Lawyer includes stringent peer nominations, evaluations, and research by third parties. Only five percent of attorneys are selected. Attorney Begley has been named a Super Lawyer annually since 2008. The continued Super Lawyer designation is a clear indication that the Begley Law Group, P.C., has the recognition of peers […]


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Roseville, CA (Law Firm Newswire) March 27, 2017 – The majority of tax strategies focus on lowering federal income taxes because they make up the largest amount of taxes that someone could owe. However, in some states, income tax rates are considerably high, and can be a substantial addition to tax bills. One solution is to establish a trust in such a way that prevents it from being subject to state income tax. For the past 10 years, affluent individuals, families and their advisors have been using incomplete non-grantor (ING) trusts to reduce their exposure to state income taxes. The […]


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Harrisburg, PA (Law Firm Newswire) March 16, 2017 – Marielle F. Hazen has been named a Lawyer of the Year for 2017 by Best Lawyers Pennsylvania magazine. Each year, Best Lawyers Pennsylvania highlights one attorney in a particular practice area and location to be named Lawyer of the Year. The award is significant because it is based on peer review, so the person named Lawyer of the Year must receive the highest votes from other attorneys in the area. “I am honored to be recognized by my peers in this way,” said Hazen. “I consider it a great privilege to […]


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San Francisco, CA (Law Firm Newswire) March 3, 2017 – Last year, Gov. Jerry Brown approved legislation, which limits California’s estate recovery from low-income Medi-Cal recipients who are aged 55 to 64. The 2016-17 budget includes $30 million to curb the seizure of assets only to what is required under federal law, which is the cost of long-term care in nursing homes. The state previously sought repayment for virtually all Medi-Cal costs paid on the deceased person’s behalf. “The change in the law ensures individuals who go on Medi-Cal are no longer forced to choose between health care and being […]


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San Francisco, CA (Law Firm Newswire) February 24, 2017 – Last year, President Obama signed a reauthorization of the Older Americans Act, renewing it for three years. The legislation provides funding for many services that are necessary for older adults to maintain their health and independence. It will enable millions of elderly to stay at home and in their communities during retirement. The reauthorization enhances the Act’s core programs by funding services such as job training, caregiver support, transportation, legal services and elder abuse protection. Elder abuse prevention training will be improved, along with the screening of individuals who work […]


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San Francisco, CA (Law Firm Newswire) January 20, 2017 – Estate planning involves countless complex rules that can change every year. It is important to ensure that estate planning documents take modifications into account and are up to date. Tax laws govern how people can make gifts during their lifetimes and transfer estate property to heirs tax-free up to a certain amount. In 2017, the lifetime gift and estate tax exclusion amount has increased by $40,000 from 2016 to adjust for inflation. This means each individual can protect up to $5.49 million from estate and gift tax. “Neglecting to actively […]


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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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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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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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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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