Trusts | Law Firm Newswire

Virginia Beach, VA (Law Firm Newswire) February 29, 2016 – An estate-planning method that was one time frequently used was an irrevocable trust that held a life insurance policy, with the objective that the death benefit be used to pay estate taxes. This technique permitted the policy’s benefits to be applied toward payment of the estate taxes of the individual who died without inclusion of the policy in the estate. Although this method remains useful, it is not as common because the threshold for being affected by the estate tax has increased to such a degree that only the affluent […]


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Moorestown, NJ (Law Firm Newswire) December 9, 2014 – For purposes of Medicaid long-term care services, New Jersey has always been an income cap state. That means that an individual’s income must not exceed 300% of the Federal Benefit Rate (FBR). Beginning January 1, 2015 that means that an individual’s monthly income cannot exceed $2,199. Historically, individuals in nursing homes were able to qualify for a “Medically Needy” program to spend their income down and qualify for Medicaid. Individuals requiring care in assisted living or at home were not eligible for the Medically Needy program and could not become eligible […]


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Palo Alto, CA (Law Firm Newswire) March 14, 2014 – Families with a disabled child, parent or other relative face incredibly difficult challenges. They struggle to ensure that their disabled loved one lives a happy and comfortable life. As such, parents especially worry about how their disabled child’s needs will be met after they are gone. A special needs trust is a powerful estate planning tool that may provide peace of mind to any family struggling with these issues. On Wednesday, April 2, 2014, Gilfix and La Poll Associates presents the 10th Annual Community Special Needs Trust Seminar. Nationally recognized […]


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Florida confab of lawyer, accountants, etc. discuss new law’s implications. Fairfax, VA (Law Firm Newswire) February 28, 2014 – As the annual Heckerling Institute on Estate Planning reconvened in mid-January in Orlando, Fla., the eagerly anticipated conference of some 2,900 attendees was particularly interested in discussing the impact of recent changes in tax law. And the major engine for change in how lawyers and accountants will approach estate planning is the American Taxpayer Relief Act of 2012. The buzzword for estate planning since the passage of the new law is so-called portability, which allows widows and widowers to carry over […]


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White Plains, NY (Law Firm Newswire) September 16, 2013 – Bernard A. Krooks, JD, CPA, LLM, CELA, AEP has once again been named to the New York Super Lawyers for 2013 by Super Lawyers magazine. Krooks has been the recipient of this honor since 2006, marking the eighth consecutive year that he has been recognized for this accolade. He is also among the Top 25 Westchester, NY Super Lawyers. The Super Lawyers® 2013 selection is the result of a rigorous, multi-step selection process based on peer recognition and professional achievement, as well as independent research on each candidate. Krooks is […]


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Paoli, PA (Law Firm Newswire) March 22, 2011 – James J. Ruggiero Jr. is newly certified as an Accredited Estate Planner (AEP)® by the National Association of Estate Planners & Councils. James Ruggiero founded the Ruggiero Law Offices in 1990 to offer personalized guidance to individuals to protect their life’s work and utilize resources available to remain independent and enjoy their golden years. His practice areas include Estate Planning, Estate Administration, Elder Law, Business Law and Real Estate. Key services include Guardianships & Orphan’s Court Litigation, Special Needs Trusts, Inheritance & Estate Tax Returns and Medicaid Planning. “Proper advanced planning […]


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