Estate Planning Law | Law Firm Newswire - Part 7

Harrisburg, PA (Law Firm Newswire) January 13, 2016 – Many veterans who served in the Iraq and Afghanistan wars have suffered traumatic brain injuries (TBIs), but some of them are not being properly diagnosed because of the use of a test by the Department of Veterans Affairs (VA). Consider the case of Army Captain Charles Gatlin, who served as a platoon leader in Kirkuk, Iraq, in 2006. A car bomb detonated in close proximity and he was knocked to the ground by the explosion and struck by flying debris. He was evacuated and later diagnosed with a traumatic brain injury. […]


Continue reading full article »

Virginia Beach, VA (Law Firm Newswire) January 12, 2016 – While most people would like to live a long life, not everyone is financially prepared for it, especially if long-term care is needed. According to personal finance experts, within each person’s budget, money should be allocated toward a long-term care plan. In this way, an individual can develop a strategy to assist with daily living activities in the event of becoming infirm. Each day ten thousand baby boomers reach the age of 65, and approximately 70 percent of Americans will ultimately require long-term care services. There are important factors to […]


Continue reading full article »

Virginia Beach, VA (Law Firm Newswire) January 4, 2016 – The latest survey conducted by Genworth reveals that among individuals without long-term care insurance coverage and have no plans to purchase such coverage within the next five years, only 15 percent have a backup plan. There are choices for financing long-term care for many Americans prepared to make compromises. “In planning for long-term care, one must become aware of the various options available in order to select a policy that provides the desired amount of care and is not cost-prohibitive,” said Andrew H. Hook, a Virginia elder law attorney with […]


Continue reading full article »

Virginia Beach, VA (Law Firm Newswire) December 28, 2015 – There are a number of reasons for jointly owning assets, such as a home, land, vehicles and financial accounts. People who are older frequently enter into joint ownership of assets in order to facilitate access by their adult children, other relatives or friends in the event that the older persons lose capacity. Another rationale for joint ownership of assets is the avoidance of probate as the assets pass to one owner upon the demise of the other. Among the most typical jointly owned assets is a bank account, which is […]


Continue reading full article »

Virginia Beach, VA (Law Firm Newswire) December 21, 2015 – There are a number of options when preparing for long-term care, which will be needed by up to 70 percent of individuals age 65 or older, according to the Department of Health and Human Services (HHS). The HHS predicts that 20 percent will require long-term care for over five years. Long-term care can include 24-hour supervision or help with personal care and other responsibilities. Whatever kind of long-term care required, it is advisable to plan for one’s health and well-being long before retirement. Long-term care is usually defined as the […]


Continue reading full article »

Santa Clara, CA (Law Firm Newswire) December 18, 2015 – The Pacific Autism Center for Education (PACE) today announced that Michael Gilfix and Mark Gilfix of Gilfix & La Poll, longtime experts in the field of special needs planning, will present an informative and timely seminar on January 25, 2016 at 6pm at the PACE School. The program is open to the community at large. Topics covered will include: – Update on the ABLE Act: a tax favored bank account to supplement Special Needs Trust planning – Five myths or misunderstandings about Special Needs Trusts and asset protection – The […]


Continue reading full article »

Virginia Beach, VA (Law Firm Newswire) December 18, 2015 – It is generally assumed that student loan debt is a problem faced only by the young. However, that is not always the case. Seniors are increasingly having a difficult time paying off their student loans, even to the point at which their Social Security benefits are offset when they are unable to make payments. According to the Government Accountability Office (GAO), in 2010, four percent of Americans ages 65 to 74 had federal student loan debt. This represents an increase of one percent from the year 2004. The collective amount […]


Continue reading full article »

Virginia Beach, VA (Law Firm Newswire) December 11, 2015 – When handling one’s estate planning, it is important to prepare the relevant documents and ensure that they can be accessed by trusted family members prior to one’s death. Such documents can include wills, health care directives, and lists containing passwords to online accounts. However, there are other less common items that some family members may need when their loved one dies. One such item is military discharge papers. John J. Scroggin, who manages a tax business and estate planning firm in Atlanta, knew that his father wished to be buried […]


Continue reading full article »

San Francisco, CA (Law Firm Newswire) December 8, 2015 – Adviatech, the parent company of law firm marketing brands SEO | Law Firm and Custom Legal Marketing (CLM), has merged their two core brands together to create CLM Grow. When Adviatech launched SEO | Law Firm in 2007, it quickly became the flagship brand of the online marketing company. In 2013, the company created Custom Legal Marketing as a spinoff of SEO | Law Firm’s Large Firm Marketing service. As the attorney website design and law firm marketing processes have evolved, the lines have blurred between the two services. SEO […]


Continue reading full article »

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 […]


Continue reading full article »

San Francisco, CA (Law Firm Newswire) December 7, 2015 – In September, the Senate approved legislation that would allow disabled individuals to create special needs trusts for themselves. Known as the Special Needs Trust Fairness Act, the bill corrects the assumption that all people with disabilities lack the mental capacity to create their own trusts. Under the current law, special needs trusts can only be established by a disabled individual’s legal guardian, parent, grandparent or a court, even if the beneficiary is mentally competent. Those who do not have a family member or guardian are forced to petition the court, […]


Continue reading full article »

Virginia Beach, VA (Law Firm Newswire) December 4, 2015 – Retirement planning can be a very challenging process for couples, and even more so for singles. Several Americans will enter their retirement years on their own for various reasons, such as the death of a spouse, divorce and different lifestyles. According to the 2013 U.S. Census, 54 percent of women and 27 percent of men age 65 or over were unmarried. Financial advisers claim that the retirement planning needs of singles can be extremely different from those of married couples, and that many singles are unprepared. A study by Rand […]


Continue reading full article »

Fairfax, VA (Law Firm Newswire) November 23, 2015 – Art collectors are advised to think about the future of their art after they are deceased. According to Michael Delgass, managing director of Sontag Advisory, a financial planning firm in New York, as one’s art portfolio increases in value, it becomes a more important part of one’s tax and financial lives. Heirs may realize undesirable tax consequences, including heirs who are not relatives of the collector or those who are relatives of the collector but who are not art connoisseurs. Advisers state that it is challenging to quantify the value of […]


Continue reading full article »

Virginia Beach, VA (Law Firm Newswire) November 20, 2015 – Medicare Advantage plans are part of the Medicare program in which one is still entitled to the same rights and protections as if one had traditional Medicare. They are private plans that may offer more benefits than those accessible in traditional Medicare, and sometimes at no extra cost to beneficiaries. Medicare Advantage plans may be able to operate with more efficiency than the traditional program, purchasing additional benefits for a lower cost, and regulating care in such a way as to ensure that patients make use of medical services more […]


Continue reading full article »

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 […]


Continue reading full article »

Virginia Beach, VA (Law Firm Newswire) November 6, 2015 – When a younger spouse inherits an IRA, it may be in the best interest of the spouse to continue being a beneficiary of the IRA. A beneficiary is not required to pay the 10 percent early distribution penalty on funds taken out of the IRA. The spouse would only have to pay income taxes on the amounts withdrawn from the account. But if the spouse were to move the inherited account into his or her own name, then the spouse would have to pay the penalty, unless an exception applied. […]


Continue reading full article »

Irvington, NY (Law Firm Newswire) November 6, 2015 – In its continued goal to serve as a resource to families, law firm Barger & Gaines is announcing the addition of Attorney, Consultant, & Motivational Speaker, Robert M. Tudisco to its Irvington office. Mr. Tudisco will focus his practice on special education, education and criminal matters, and will join a firm focused on special education law and advocacy, special needs planning, estate planning, guardianship, and general education matters. Robert M. Tudisco is a nationally recognized author, motivational speaker, and non-profit management consultant in addition to being an attorney diagnosed with ADHD. […]


Continue reading full article »

San Francisco, CA (Law Firm Newswire) October 22, 2015 – The Bigger Law Firm magazine, volume 35, discusses the advantages of using EagleEye Agreement Checker, software that automates the review of legal documents and contracts by recognizing and resolving problems, including ambiguity, accuracy and discrepancies. Using EagleEye can help attorneys reduce the time spent manually checking documents, allowing them to concentrate more time on the production of quality legal content and provide clients with faster turnaround. Initially introduced in 2012, this program helps lawyers draft more precise contracts by providing more accurate references, punctuation and review of defined terms. The […]


Continue reading full article »

Virginia Beach, VA (Law Firm Newswire) October 16, 2015 – Probate is the legal procedure that decides whether a deceased person’s will is valid. While it impacts many elements of a person’s estate, there are non-probate assets, such as life insurance policies, that are given directly to the decedent’s heirs. Following a person’s death, their will is filed with the probate court. Once the court makes a decision concerning the validity of the will, there is an inventory and appraisal of all property, debts and claims of the estate. There is a collection of all legal claims of the estate, […]


Continue reading full article »

San Francisco, CA (Law Firm Newswire) October 14, 2015 – The Social Security disability fund is running out of money and faces a nearly 20 percent cut to benefits at the end of 2016, according to a Social Security trustees report released on July 22. Nearly 60 million people currently receive Social Security benefits. The Social Security Disability Insurance and Supplemental Security Income (SSI) programs are vital sources of income for special needs children. The budget cuts would immediately affect around 11 million people receiving disability benefits as of 2014. Other beneficiaries could see reduced or interrupted payments in the […]


Continue reading full article »