» Wills and Trusts Law

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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Fairfax, VA (Law Firm Newswire) March 14, 2016 – Legendary pop music icon David Bowie, who recently died at the age of 69 of liver cancer, exercised much creativity concerning his estate planning in an effort to preserve his assets for his family. It was reported that he experienced financial problems in the 1970s and 80s, almost to the point of bankruptcy. However, in the 90s, he took charge of his finances by selling an interest in his archive of music. Investment banker David Pullman was instrumental in helping Bowie develop “Bowie Bonds,” which permitted him to sell a 10-year […]


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Roseville, CA (Law Firm Newswire) January 14, 2016 – Although it is highly unusual for one to serve as health care proxy for one’s boss, that is exactly what will occur in the case of 92-year-old Sumner Redstone, the executive chairman of Viacom Inc. Redstone has designated his Chief Executive Officer, Philippe Dauman, to be his health fiduciary in the event he can no longer make health care decisions for himself. Dauman’s control over Redstone’s health care includes the right to determine whether he should be given food or water if he is unable to make such decisions. Dauman speaks […]


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Harrisburg, PA (Law Firm Newswire) December 7, 2015 – The Harrisburg Pennsylvania law firm, Hazen Elder Law is now Hazen Law Group; a law firm that focuses on long-term care planning, guardianships, estate planning, asset protection, special needs planning and public benefits. The firm was founded by Marielle F. Hazen, and is considered to be one of the best law firms in the nation by U.S. News and World Report. The new name represents the firm’s growing portfolio of services that fall outside of “elder law” such as special needs planning and trusts and veterans’ benefits. Among the services they […]


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White Plains, NY (Law Firm Newswire) November 12, 2015 – Littman Krooks LLP has been selected among the 2016 U.S.News – Best Lawyers® “Best Law Firms” in the New York metropolitan area. The firm, with offices in New York and White Plains, 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) September 29, 2015 – A job change can be an opportunity to improve the state of one’s 401(k) plan, but it is important to avoid unnecessary fees and taxes during this process. With careful planning, many people are able to put their 401(k) into better mutual funds with lower costs after a job change. “A job change is a great time to research your investment options and decide which type of account is best for your particular situation,” said Andrew H. Hook, a Virginia financial planning attorney with Hook Law Center, with offices in […]


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Virginia Beach, VA (Law Firm Newswire) September 22, 2015 – Many people with Alzheimer’s disease and other forms of dementia eventually become unable to make informed decisions and to understand the consequences of their decisions, and a family member becomes responsible for making medical, financial and other decisions. This can often occur without court intervention, but legal guardianship may be necessary in cases where there is no power of attorney in place or when the elder refuses necessary care. Guardianship gives a person the legal right to make decisions on behalf of someone who is unable to make their own […]


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Virginia Beach, VA (Law Firm Newswire) September 16, 2015 – For people in the early stages of Alzheimer’s disease, creating a legal plan can help ensure that their wishes are met as the disease progresses. “Over time, Alzheimer’s slowly renders patients unable to make their own legal decisions,” said Andrew H. Hook, a Virginia elder law attorney with Hook Law Center, with offices in Virginia Beach and northern Suffolk. “As soon as Alzheimer’s is diagnosed, individuals should take the time to initiate or update their legal planning.” For individuals with dementia, one of the most important aspects of legal planning […]


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Virginia Beach, VA (Law Firm Newswire) September 8, 2015 – Annuities are regular payments that insurance companies provide in return for contributions, typically to a life insurance policy. For some, annuities represent a valuable estate planning tool, providing a way for retired people to ensure a regular income even if they live a long life. “Annuities can be helpful in estate planning, but it is important to understand the differences between the types of annuities, as well as their limitations,” said Andrew H. Hook, a Virginia estate planning attorney with Hook Law Center, with offices in Virginia Beach and northern […]


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Virginia Beach, VA (Law Firm Newswire) September 1, 2015 – There are a number of different retirement planning milestones that determine which benefits retirees can receive. Anticipating these milestones can be important for executing a retirement plan, and making any necessary changes. “Retirees can expect to start receiving various private funds and government benefits at different ages, and understanding when these funds will become available is essential for avoiding unexpected penalties or gaps in retirement funding,” said Andrew H. Hook, a Virginia elder law attorney with Hook Law Center, with offices in Virginia Beach and northern Suffolk. Age 59½ is […]


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San Francisco, CA (Law Firm Newswire) August 26, 2015 – With the Supreme Court’s landmark June 26 ruling legalizing gay marriage throughout the United States, same-sex couples should consider what the decision means for their financial and estate planning strategies for the future. Married same-sex couples will now be able to take advantage of all the financial benefits that have been available to other married couples for years, such as health insurance, Social Security and retirement. “The Supreme Court’s decision is life-changing for same-sex couples as it has leveled the playing field for all married couples when it comes to […]


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Virginia Beach, VA (Law Firm Newswire) August 25, 2015 – Filing for Medicaid can be complex, especially for people over the age of 65 and those who need long-term care. In such cases, hiring an attorney when applying for Medicaid can be important in securing coverage. “An attorney can help individuals identify which programs they may qualify for and take steps to become eligible if necessary, as well as provide assistance with the application process itself,” said Andrew H. Hook, a Virginia elder law attorney with Hook Law Center, with offices in Virginia Beach and northern Suffolk. Medicaid is the […]


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Virginia Beach, VA (Law Firm Newswire) August 18, 2015 – IRA rollover rules changed recently, and it is important for people planning IRA rollovers to understand the updated rules. Under a recent United States Tax Court ruling, individuals are allowed only one tax-free IRA rollover every year, or 365 days, even if the individual owns several IRAs. The ruling represents a change from the previous policy, which allowed individuals to make one rollover per IRA each year. Under tax law, IRA distributions are subject to federal income tax, unless the distribution is placed into the same or another IRA within […]


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Virginia Beach, VA (Law Firm Newswire) August 11, 2015 – Advance medical directives are important documents that should be kept safe, but they also need to be accessible. While more people are recognizing the importance of documenting their wishes regarding health care, too often the documents are kept in a place that is not easily accessible in case of an emergency. “Advance medical directives often come into play in an emergency situation, so they need to be kept in an accessible location that loved ones are aware of,” said Andrew H. Hook, an estate planning attorney with Hook Law Center, […]


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Virginia Beach, VA (Law Firm Newswire) August 4, 2015 – Many aging retirees are considering spending their retirement years at a continuing care retirement community (CCRC). While such communities have several benefits, including access to lifetime care, and the ability to transition from independent living to an assisted living arrangement, or even a nursing home, all of which are located on the same campus, they are not without costs and risks. They tend to be expensive, and have large monthly fees. In one case, residents say they discovered that the facility lacked a reserve account for refunds, and they say […]


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San Francisco, CA (Law Firm Newswire) August 21, 2015 – In Autism Speaks’ largest international study on autism risk and parental age, researchers have found that teenage mothers and older parents are the most likely to have children with autism. Autism rates were 15 percent higher when moms gave birth in their 40s, 66 percent higher for kids with dads over 50 years old and 18 percent higher for children of teen moms. Increased autism rates were also noted among children born to couples with large age gaps and when both parents were older, in comparison to parents in their […]


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Virginia Beach, VA (Law Firm Newswire) July 30, 2015 – There are many tax savings that are available to older families. Such tax breaks can be achieved in several areas, including work, car and home, estate planning, medical expenses and rental property. In terms of realizing savings at work, a hefty tax refund implies that an excessive amount of tax is being withheld from one’s paycheck. One can correct this by filing a new W-4 form with one’s employer. There are also savings to be had regarding the payment of medical expenses. Some employers offer a medical reimbursement account, or […]


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Virginia Beach, VA (Law Firm Newswire) July 21, 2015 – Family and friends of Alzheimer’s patients often play a key role in caring for and maintaining the quality of life of these vulnerable individuals. Even as caregivers value the opportunity to care for a parent or loved one in their final years, doing so also places an incredible strain on the caregiver, both physically and emotionally. In order to provide loving care while also managing other aspects of their busy lives, Alzheimer’s caregivers need care, too. “Millions of Americans provide care to loved ones suffering from Alzheimer’s disease,” said Andrew […]


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Virginia Beach, VA (Law Firm Newswire) July 15, 2015 – With the cost of nursing homes and in-home nursing care at an all-time high, many adult children and their parents are turning to living together as a way to save money and maximize the parent’s quality of life. Although such a move can be a positive change, it also represents a major adjustment, and preparing for the change as much as possible is important. “When seniors move in with their adult children, it can be a challenging transition for everyone involved,” said Andrew H. Hook, a Virginia elder law attorney […]


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Palo Alto, CA (Law Firm Newswire) June 30, 2015 – The growing life settlement industry offers to buy life insurance policies and continue to pay the premiums in full, in order to help clients cover the cost of long-term care. “Many people are overwhelmed by long-term care costs, which are not covered by typical health insurance plans,” said Michael Gilfix, an elder law attorney in Palo Alto. “Life settlement firms offer to help, but the industry is still relatively small and not rigorously regulated.” By selling one’s policy to a life settlement company, it is possible to get cash flow […]


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