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Palo Alto, CA (Law Firm Newswire) November 24, 2014 – A new study from Allianz Life Insurance shows that fundamental misconceptions about elder financial abuse may be fueling the growing problem. According to the study, most seniors and their family members believed that the greatest risk comes from telemarketing calls and similar contact with strangers. Few realized that the majority of elder financial exploitation is perpetuated by someone the senior already knows. “It is common for people to think that this will not happen to their family,” said elder law attorney Michael Gilfix of Gilfix & La Poll, who works […]


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Virginia Beach, VA (Law Firm Newswire) November 20, 2014 – A study by Fidelity Investments found that 57 percent of retirees wish they had done more retirement planning before leaving the workplace. As retirement approaches, a checklist to be completed at key stages can help ensure that the process is as smooth as possible. “Retirement represents an immense change to a person’s lifestyle and financial situation,” said Andrew Hook, a Virginia elder law attorney with Hook Law Center, which has offices in Virginia Beach and northern Suffolk. “Having an actionable plan can make that transition easier.” Retirement savings should start […]


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Palo Alto, CA (Law Firm Newswire) November 18, 2014 – Earlier this year, the Supreme Court of the United States reaffirmed that inherited IRA accounts are not protected in bankruptcy as regular retirement accounts are. According to estate planning attorney Michael Gilfix of Gilfix & La Poll, this is just one of the many reasons that anyone with a significant IRA account should look into the idea of setting up a trust as the beneficiary of an IRA account. “Designating a trust for an IRA account is not for everyone,” Gilfix explained, “but it could be of great benefit to […]


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White Plains, NY (Law Firm Newswire) November 14, 2014 – The National Association of Estate Planners & Councils (NAEPC) has elected Bernard A. Krooks of Littman Krooks LLP, JD, CPA, LLM, CELA, AEP® to the Estate Planning Hall of Fame. He has been honored with the designation of Accredited Estate Planner® (Distinguished). Krooks will be one of only seven professionals to receive this prestigious award in 2014. The designation of Estate Planning Hall of Fame and Accredited Estate Planner (Distinguished) recognizes those individuals who have made outstanding lifetime achievements and contributions to the practice of estate planning. This award is […]


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Virginia Beach, VA (Law Firm Newswire) November 13, 2014 – Parents and grandparents who want to incorporate college savings into their financial planning can do so with a 529 college savings plan, a special savings account designed for higher education expenses. “In this era of ever-rising tuition, college savings should take higher priority than in the past,” said Andrew Hook, an estate planning attorney in Franklin, Virginia. “A 529 plan can be a part of that financial planning.” A 529 savings account allows account holders to save money over time, then withdraw from the balance tax-free for education-related expenses. Qualified […]


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Moorestown, NJ (Law Firm Newswire) November 7, 2014 – On Tuesday, November 18 at 6:00 p.m., Begley Law Group will host a free seminar about college financial planning at their offices in Moorestown, New Jersey. Created for anyone planning to send children to college, this free seminar will cover the important steps necessary to plan for those expenses. Attendees will learn about the different phases of college planning, how colleges determine financial aid and how they can best position themselves to receive it. “People want to give their children every opportunity in life, and a college education can be an […]


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Virginia Beach, VA (Law Firm Newswire) November 6, 2014 – Surviving spouses named as a beneficiary of their deceased spouse’s IRA should carefully consider their options for handling the account. The primary options are to assume the IRA, inherit the IRA, take a lump-sum distribution or disclaim the account. “How an IRA is handled after a spouse’s death can have major tax and financial consequences for the spouse beneficiary,” said Andrew Hook, a Virginia estate planning attorney with Hook Law Center. Assuming an IRA means transferring the assets into an IRA in one’s own name. For tax purposes, the IRA […]


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White Plains, NY(Law Firm Newswire) November 3, 2014 – Littman Krooks LLP has been selected among the 2015 U.S.News – Best Lawyers® “Best Law Firms” in the New York metropolitan area. The firm, with offices in New York, White Plains and Fishkill, received Tier 1 ranking in the area of Elder Law and Trusts & Estates Law. This prestigious ranking results from the firm’s combination of legal excellence and breadth of expertise. The U.S.News – Best Lawyers® “Best Law Firms” rankings are based on a rigorous evaluation process that includes the collection of client and lawyer evaluations, peer review from […]


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Virginia Beach, VA (Law Firm Newswire) October 29, 2014 – When a person is named as executor of an estate, he or she becomes legally responsible for protecting the assets of the decedent until the estate administration is complete. This can be a complicated, lengthy process, and organization is the key to keeping the process manageable. “Estate administration can be complex, especially if the estate planning is incomplete or there are disputes about the estate,” said Andrew Hook, a Virginia estate planning attorney with Hook Law Center. “Staying organized can help.” From the outset, the executor should understand his or […]


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Virginia Beach, VA (Law Firm Newswire) October 20, 2014 – Speaking to older parents about challenging subjects, including finances or the need for assisted living, can be stressful for both parties. Small disagreements can take on enormous significance, and overall communication can break down. Although there is no way to eliminate the stress inherent in such difficult discussions, good communication techniques can help parents and their adult children navigate their challenges effectively. “When adult children learn how to communicate with their aging parents, both the parents and children can appreciate one another and connect during the final stages of the […]


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Palo Alto, CA (Law Firm Newswire) October 17, 2014 – Michael Gilfix is a featured panelist at an upcoming Bay Area event focused on helping families ensure supported housing for their adult children with autism. The event, hosted by the Autism Society of the San Francisco Bay Area, is titled “A Place for Us: Supported Housing Solutions for Adults with Developmental Disabilities.” The day-long event will take place at the Sobrato Center for Nonprofits in Redwood City on October 24. Gilfix will take part in a panel discussion on “retention of family property and collaborative purchase of homes for grown […]


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Virginia Beach, VA (Law Firm Newswire) October 13, 2014 – President Barack Obama recently announced 19 new steps to expand veterans’ access to mental health care. The expansion follows a serious government scandal uncovered earlier this year. The Department of Veterans Affairs (VA) was caught hiding lengthy delays in health care access for veterans, including months-long waits for appointments. Eric Shinseki resigned as head of VA as a result. Last month, Obama signed a $16.3 billion bill to improve veterans’ access to medical care and other VA issues. “PTSD and suicide are monumental problems affecting the veteran population,” said Andrew […]


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White Plains, NY (Law Firm Newswire) October 10, 2014 – Sheryl Frishman, Esq., Of Counsel to Littman Krooks LLP, was named to the Board of Directors of The Arc of the U.S., the nation’s leading advocate for people with intellectual and developmental disabilities and their families. The Arc provides an array of services and support for families and individuals through 140,000 members and 700 state and local chapters nationwide. It is their belief that people with intellectual and developmental disabilities are entitled to the rights afforded every American. Frishman is an active member of numerous organizations in the disability and […]


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Moorestown, NJ (Law Firm Newswire) October 8, 2014 – On Tuesday, October 21 at 6:00 p.m., Begley Law Group is hosting a generational asset preservation seminar at their offices in Moorestown, New Jersey. Designed for those who wish to pass their financial legacy to future family generations, this free seminar will present key planning steps that enable them to preserve their assets. “We know that people work hard their entire lives and want to pass some of that financial legacy on to their children and grandchildren,” said Thomas Begley Jr., a partner at Begley Law Group and a leading elder […]


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Virginia Beach, VA (Law Firm Newswire) October 6, 2014 – Family-owned businesses face one of their most vulnerable periods when transitioning to the next generation after their founder’s retirement or death. More than 70 percent of family businesses do not survive this transition. But a transition plan can help preserve the business for generations to come. Planning for the transition should encompass both the legal aspects of the process, such as tax and estate planning, and practical discussions with the family members who will take over the business. “Neglecting to set up a transition plan is one of the biggest […]


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Virginia Beach, VA (Law Firm Newswire) September 29, 2014 – As the population ages and the cost of hiring in-home care booms, many Americans are stepping into roles as caregivers for loved ones who are aging or have chronic illnesses. However, caregivers should recognize that caring for an older loved one themselves also has costs. “Because the cost of providing care on your own does not appear on a single bill, it is easy to underestimate the real financial impact of caregiving,” said Andrew Hook, a Virginia attorney who specializes in the needs of seniors. A growing number of Americans […]


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Palo Alto, CA (Law Firm Newswire) September 26, 2014 – Prospective parents using Assisted Reproductive Technology (ART) should use estate planning as a tool to legally protect both the future of their unborn children and their own genetic material. “Although it may seem like an uncomfortable discussion, it can actually be a simple one,” remarked Michael Gilfix, an estate planning attorney. “A good estate planning attorney can lay out the legal questions surrounding ART, and he or she can help draft solid legal protections for all involved.” The use and disposition of stored genetic material will need to be considered […]


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Moorestown, NJ (Law Firm Newswire) September 25, 2014 – On September 23, Begley Law Group attorney Ethan Ordog received this year’s Robert W. Criscuolo Award at the Burlington County Bar Association’s annual State Bar Night at Indian Spring Country Club. The Honorable Ronald E. Bookbinder, Assignment Judge of Burlington County, presented the award. Ordog clerked for Bookbinder in 2007 and 2008. The Robert W. Criscuolo Award is presented annually to an attorney who demonstrates significant involvement and contributions to the Bar Association, to community service and to other civic activities. He or she must be in good standing in the […]


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Virginia Beach, VA (Law Firm Newswire) September 25, 2014 – On Saturday, September 27, 2014, the Hook Law Center will hold a free “Shred Day” event that will also be used to raise awareness and funds for the fight against Alzheimer’s disease. Members of the public can bring old documents and records to the Hook Law Center in Virginia Beach, where they will be securely shredded on-site. During the event, the Hook Law Center will accept donations to the Alzheimer’s Association, and its legal team will invite anyone who is interested to join the Hook Law Center Walk Team for […]


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Moorestown, NJ (Law Firm Newswire) September 18, 2014 – On Tuesday, September 23, Begley Law Group will host a social security and retirement income seminar at their offices in Moorestown, NJ. Designed for those nearing and entering retirement, this free seminar will present critical steps to maximizing social security benefits and retirement income. The event will begin at 7:00 p.m. EST. “People entering retirement often feel both anxious and excited about the future,” noted Thomas Begley, Jr., partner at Begley Law Group and leading elder law attorney. “We want to help them build a bigger retirement income, which is why […]


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