McNees Insights- September 2011

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IN THIS NEWSLETTER:

BUDGET CONTROL ACT OF 2011

After much debate and brinkmanship, on August 2, 2011 President Obama signed the “Budget Control Act of 2011”.

PLANNING AND PAYING FOR LONG-TERM CARE (PART 2 IN A SERIES: MEDICARE)

As discussed in Part 1 of this series, the U.S. Department of Health and Human Services estimates that at least 70% of people over age 65 will need long-term care services at some point in their lives – and over 40% will need care in a nursing home for some period of time....

Estate Planning – Portability Provisions of TRA 2010

The “Tax Relief, Unemployment Insurance Authorization, and Job Creation Act of 2010” was enacted December 17, 2010 and is referred to as “TRA 2010.” For calendar years 2011 and 2012, TRA 2010 reunified the estate, gift and generation-skipping taxes with a $5 million exemption and a 35% tax rate....

McNees Welcomes Kendra McGuire

The Asset Planning and Federal Taxation group welcomes Kendra McGuire to McNees. With over 20 years experience as a litigator, Kendra focuses her practice in Orphans’ Court litigation matters for clients that include financial institutions, shareholders, educational organizations, healthcare institutions, charities and individuals....

Please see full newsletter below for more information.

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Published In: Administrative Agency Updates, Finance & Banking Updates, Health Updates, Tax Updates, Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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