Probate | Law Firm Newswire - Part 7

White Plains, NY (Law Firm Newswire) February 4, 2014 – Bernard A. Krooks, JD, CPA, LLM, CELA, AEP of Littman Krooks LLP has been recognized as an entrant into the Estate Planning Hall of Fame by the National Association of Estate Planners & Councils (NAEPC). He is the recipient of an Accredited Estate Planner (Distinguished) Nominee designation for 2014. 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 […]


Continue reading full article »

Virginia Beach, VA (Law Firm Newswire) January 23, 2014 – Prospects for Medicaid expansion in Virginia got a boost in the recent gubernatorial election, but they are still far from definite. Democrat Terry McAuliffe won the November 2013 election after campaigning on a promise to support the expansion of Medicaid spelled out in the Affordable Care Act (ACA) or “Obamacare.” But his role will, for the most part, be limited to the bully pulpit, urging state legislators to adopt the optional low-income health care expansion. “Expanding Medicaid would greatly help many elderly and low-income individuals and families in Virginia,” said […]


Continue reading full article »

White Plains, NY (Law Firm Newswire) January 20, 2014 – Women face unique issues in planning for retirement. On average, women live longer than men and are paid less, and there are still other financial planning issues that tend to affect women more significantly. Lower pay is a key issue. Despite gains by women in the workforce, on average, women are still paid 77 cents on men’s dollar. Over a lifetime, that can add up to $500,000. Women are also more likely to leave the workforce temporarily to raise children or to care for an ailing parent. While their jobs […]


Continue reading full article »

Bloomfield Hills, MI (Law Firm Newswire) January 15, 2014 – A new study has found that infant primates who were fed lead-rich formula later develop key signs of disease. Scientists have known for some time that there are three primary risk factors for Alzheimer’s disease: advanced age, family history and genetic make-up. However, the results of a long-term study released in December has now provided solid evidence that early exposure to lead is also a key factor in the development of Alzheimer’s-induced dementia. A team of researchers from the University of Rhode Island, Kingston (URI) conducted a 23-year study that […]


Continue reading full article »

White Plains, NY (Law Firm Newswire) January 10, 2014 – The American College of Trust and Estate Counsel (ACTEC) has named Bernard A. Krooks, JD, CPA, LLM, CELA, AEP® to be Vice Chair of its Elder Law Committee. ACTEC is a national organization of more than 2,600 lawyers elected to membership by demonstrating the highest level of integrity, commitment to the profession, competence and experience as trust and estate counselors. Its members work to teach those who aspire to enter the field and to improve and reform laws, procedure and standards while working with their peers and other professional organizations. […]


Continue reading full article »

White Plains, NY (Law Firm Newswire) January 6, 2014 – Seniors may be able to stay in their homes longer with the help of small changes. Older people often need assistance with the tasks of daily living, but they also usually wish to live as independently as possible. While an assisted living facility or skilled nursing home may be necessary for some seniors, it is possible for many others to stay in their own homes if a few simple adjustments are made. The changes themselves may not be expensive, and they can end up saving a lot of money for […]


Continue reading full article »

Palo Alto, CA (Law Firm Newswire) December 30, 2013 – Most workers who participate in 401(k) plans are trying to save enough for a comfortable retirement and perhaps an inheritance for their children and grandchildren. A prominent estate planning attorney says that while 401(k)s are a good way to add to one’s retirement savings, it is important to take a look at the fees a plan charges, as these fees can erode one’s savings. “Employers are now required to provide workers with more information about the fees connected with administering 401(k)s and the different investment options they provide,” said Michael […]


Continue reading full article »

White Plains, NY (Law Firm Newswire) December 24, 2013 – There are a few essential legal documents that every adult should have. People tend to think about putting these documents in place as they get older, but they are actually important for adults of every age — and there are certain milestones in life that make them essential. Some may envision putting a last will and testament in place later in life. However, every adult with any assets should have an estate plan, including a will and any necessary trusts. If this plan has been neglected earlier in life, then […]


Continue reading full article »

Palo Alto, CA (Law Firm Newswire) December 23, 2013 – A prominent estate planning attorney says digital assets need to be considered as part of estate planning. “In today’s world, many people own significant assets that exist only in digital form, whether it is currency such as Bitcoin or items of sentimental value such as family photos,” said Palo Alto estate planning attorney Michael Gilfix. “There needs to be a plan to pass these assets on to one’s heirs.” Gilfix said that online assets may also include such items as PayPal accounts, frequent flyer miles, iTunes libraries, online gaming accounts […]


Continue reading full article »

White Plains, NY (Law Firm Newswire) December 19, 2013 – A new program in New York City is training doormen who work in apartment buildings to watch for elder abuse. The Harry and Jeanette Weinberg Center for Elder Abuse Prevention (part of the Hebrew Home at Riverdale) developed the program, which offers free training for doormen, porters, concierges and other building staff at the buildings where they work. Joy Solomon, the director of the Weinberg Center, said that many elderly people in abusive situations do not come forward on their own, so advocates realized they would have to reach out […]


Continue reading full article »

Palo Alto, CA (Law Firm Newswire) December 17, 2013 – A prominent estate planning attorney says that autumn is the season to take stock of one’s retirement savings. “As we draw close to the end of the year, it is a good time to think about whether your retirement savings plan is on track,” said Michael Gilfix. For many people, a 401(k) is a key part of their retirement savings plan. If an employer matches contributions, then it is a good idea to contribute at least the amount that will be matched. But according to Gilfix, one may want to […]


Continue reading full article »

White Plains, NY (Law Firm Newswire) December 16, 2013 – If one wishes to make charitable gifts as part of a tax-saving strategy, now is the time. Although tax returns are not due until April 15, December is an excellent time to do a “dry run” on one’s tax return in order to establish an estimate of what one expects to pay in taxes. A dry run can also help to determine what charitable giving is possible before the end of the year in order to reduce taxable income and lower tax bills. Newly retired individuals may especially benefit from […]


Continue reading full article »

Virginia Beach, VA (Law Firm Newswire) December 4, 2013 – A senator and a prominent doctor joined together to call for a doubling of the amount the U.S. government spends on research into Alzheimer’s disease each year. Senator Susan Collins is the senior senator from Maine and Co-Chair of the Senate Alzheimer’s Task Force. Ronald C. Petersen, M.D., Ph.D., is the director of the Alzheimer’s Disease Research Center at the Mayo Clinic. The pair co-authored an article on the disease in a recent issue of Parade magazine. Virginia elder law attorney Andrew Hook agreed with the senator and doctor’s recommendation. […]


Continue reading full article »

White Plains, NY (Law Firm Newswire) November 29, 2013 – When someone dies and does not leave a will stipulating what should happen to their, numerous issues must be decided. Often, certain assets fall outside of a will. There are assets that are not dictated by a will, including the proceeds of life insurance; bank accounts, real estate and assets held jointly; property held in a living trust; funds in a 401(k) or IRA; a retirement plan with a beneficiary, and community property with rights of survivorship. The inheritor of such properties – those not covered by a will – […]


Continue reading full article »

Bloomfield Hills, MI (Law Firm Newswire) November 25, 2013 – One of the unavoidable issues with growing older is the need for additional levels of care. Care can encompass anything from infrequent help with household issues, such as repairs or heavy gardening, to assistance with daily activities of living, such as toileting, bathing and eating. It can be difficult to broach the subject of an increased need for care. It works best to use tact and choose the correct time to broach the subject. “Few people enjoy admitting that they need help, or that they are not as independent as […]


Continue reading full article »

Waxahachie, TX (Law Firm Newswire) November 22, 2013 – A recent investigation by USA Today found that thousands of nursing home residents throughout the country have had money mismanaged or stolen from special trust fund accounts, including more than $350,000 stolen from nursing home residents in Waxahachie, Texas. “Nursing home residents rely on these facilities to properly manage and protect their money,” said Waxahachie elder law attorney John D. Hale. “It is reprehensible that anyone would take advantage of vulnerable senior citizens like this.” Nursing home residents’ trust fund accounts are supposed to be managed with similar oversight to that […]


Continue reading full article »

Waxahachie, TX (Law Firm Newswire) November 15, 2013 – The open enrollment period for Medicare has begun, when beneficiaries can sign up for private health plans. However, this should not be confused with the new health insurance exchanges that also began operations recently. John D. Hale, a prominent Dallas elder law attorney, explains the difference. “During the open enrollment period, which runs from October 15 to December 7, Medicare beneficiaries may sign up for Medicare Advantage plans and Medicare Part D prescription drug plans,” said Hale. “The health insurance exchanges, by contrast, are for people who do not have health […]


Continue reading full article »

White Plains, NY (Law Firm Newswire) November 14, 2013 – New York State has more than 4 million people who are providing unpaid care for a loved one who is elderly, frail or ill. If those individuals were being paid for their time, elder care advocates say, their combined salaries would amount to more than $32 billion. Most of those caregivers do not have their own support system, leaving countless people exhausted and stressed, while struggling to maintain a level of care for someone who depends on them. When it comes to supporting caregivers, according to a recent report by […]


Continue reading full article »

Bloomfield Hills, MI (Law Firm Newswire) November 13, 2013 – California recently passed a new bill intended to protect financially abused seniors. The bill, AB 381, was drafted to protect elders who had their finances manipulated by someone who had power of attorney over their estate. The bill allows the elders some financial recovery in the form of reimbursement of attorney’s fees and costs. The bill was signed into law earlier this year. “Michigan elders sometimes need protection from the people they most trusted, people who had access to their estate and general assets,” says Michigan elder law attorney Christopher […]


Continue reading full article »

Waxahachie, TX (Law Firm Newswire) November 8, 2013 – The Texas attorney general has moved to close several alleged unlicensed assisted living facilities, including one in Tarrant County. The state filed a lawsuit in Tarrant County civil court against a man and the nonprofit organization he founded after the man refused to allow state investigators with the Department of Aging and Disability Services into a Richland Hills home. The state won a temporary restraining order against the facility. “Our seniors deserve top-notch care at Texas assisted living facilities, and that is only possible when the facilities are properly licensed,” said […]


Continue reading full article »