Read Wills, Trusts, & Estate Planning updates, articles, and legal commentary from leading lawyers and law firms:
Widow Foreclosure Catch-22
The 2010 Tax Relief Act and your estate plan
Are your estate planning documents protecting your assets?
Same-Sex Marriage Cases in 90 Seconds
Should you Opt-Out of the Voluntary Disclosure Program?
Death and Foreign Asset Disclosure. What you don't know can cost you…a lot
Safeguard Your MVA: Devising a Business Succession Plan that will Preserve your Most Valuable Asset
Planning for Your Social Media Accounts When You Die
Divorce can be costly, especially when it reveals undisclosed foreign assets.
Fein, Such, Kahn, & Shepard: Estate Planning
Estate Planning: Wills, Trusts, & Power of Attorney in Arizona - Putting Family First
Foreign Asset Disclosure Program
The Basics of the Fiscal Cliff Deal & Why the Lack of Sunset Provisions Is Important
In Part 5, I discussed the issue of “excess” assets and the “spend-down” process in Medical Assistance. Apart from a couple’s exempt assets (house, one car, household furnishings, etc.), the remaining assets are “countable”...more
In This Issue:
ATRA 2012 – How Does it Affect You?; Planning and Paying for Long-Term Care; and Obama Revenue Raising Proposals.
Excerpt from ATRA 2012 – How Does it Affect You?:
The American Taxpayer...more
Physicians and other licensed health care providers labor many years to build their practices. However, unlike many other businesses, a health care practice cannot be passed by will or otherwise to the provider's spouse or...more
On April 9, 2013 the United States Court of Appeals for the Eleventh Circuit issued an opinion regarding HIPAA preemption in the case of Opis Management Resources, LLC v. Florida Agency for Care Administration. Opis...more
When most people think of estate planning, they think of drafting a will or trust to say what happens to property after death. Arguably more important is what happens when you are alive but unable to make decisions following...more
So Dad is in nursing home, and has qualified for Medicaid to supplement the cost of care. What does Mom live off of?
First, while assets are pooled together for Dad to have qualified for Medicaid in the first place,...more
There is a misconception that you need to be wealthy or old or sick to even think about having an Estate Plan. The misconception there is that wealth, age, marriage, divorce and health do not dictate whether an Estate Plan...more
It has always been difficult to make determinations regarding what information can be provided to a family member once a patient or long-term care resident has passed away....more
2012 Tax Act -
The American Taxpayer Relief Act of 2012 (the “Act”) was signed into law on January 1, 2013 to avert the tax law changes that were one part of the “fiscal cliff” facing our country’s economy (the other...more
By the time you read this article, if you are a skilled nursing facility (SNF), you will already be subject to new surveyor guidance from the Centers for Medicare and Medicaid Services (CMS) on advance directives and...more
Can you leave an inheritance to a loved one with a drug or alcohol problem without funding the addiction? You have options....more
Estate Planning: Lessons Learned From Hector "Macho" Camacho
Hector "Macho" Camacho was shot outside of a bar in Puerto Rico in November of 2012 and was pronounced brain dead by doctors. "Macho" Camacho is best known as a...more
In This Issue:
Year-End Tax Planning -
Year-end planning is a bigger challenge this year than in past years because, unless Congress acts, tax rates will go up next year, many more individuals will be snared by...more
Starting January 1, 2013, a new 3.8% Medicare tax will apply to the investment and “unearned income” of individuals, trusts and estates. The tax is intended to apply to income exempt from the regular FICA or self-employment...more
As an adult child with parents aging far away from where you live, you probably often worry about your parent’s safety, wonder if they are getting the care they need and are okay to live alone. Perhaps, if you have siblings,...more
Much has been written about changes to the estate and gift tax law scheduled to occur on January 1, 2013, particularly the reduction of the lifetime estate and gift tax exemption amount from its 2012 level of $5,120,000 to $1...more
An illness or medical emergency can happen to any of us at anytime. Age, wealth, gender…virtually have no bearing. Have you given any thought to whom you would want to make a medical decision for you if you could not do it...more
It is not too early to start planning income tax steps to take before year-end. The Patient Protection and Affordable Care Act introduced two new taxes that will go into effect January 1, 2013. These are a 3.8 percent...more
You may think that an adequate estate plan consists of a will or living trust coupled with a durable power of attorney and a healthcare power of attorney and living will. There is now an additional estate planning document...more
A Healthcare Power of Attorney is meant to be in place to allow you to make healthcare decisions for yourself when you are no longer able to speak for yourself. You are considered to be legally incapacitated when you can no...more
A Living Will and Healthcare Power are the most important estate planning documents that you can make. This is for the simple fact that they affect you and have huge ramifications for you while you are still alive. The...more
In This Issue:
Planning For College – 529 Accounts; Estate Planning - IRS Issues Temporary Portability Regulations; and Filial Support and Mr. Pittas.
Excerpt from Planning For College – 529 Accounts
In This Issue:
- Investment Income Surtax ...2
- Trusts and Estates ...3
- Increased Threshold for Deducting Medical Expenses ...3
- Planning Opportunities ... 4
Excerpt from Headline Article: Tax Increases...more
Medline, the largest medical supplier in the United States has joined the nation’s long-term care leaders to meet with congressional leaders on health care initiatives affecting seniors and the nursing home industry.
In This Issue:
Introduction; Advanced Directives; Learning Which of Your Residents Has an Advance Directive; Living Wills; Requirements of a Valid Living Will; Do Not Resuscitate/DNR Orders; Some Other Common Subjects of...more
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