Major Change in Estate Tax and Capital Gains Tax for 2010

Because of a Congressional failure to act before the end of 2009, there's good news and bad news to report on the Estate Planning and Elder Law front.  The good news is there's no Estate Tax if you die this year.  The bad news is … [Read more...]

Important Elder Law and Estate Planning Numbers for 2010

Under current law, there will be no cost-of-living adjustment (COLA) in Social Security in 2010 — the first time that has happened since automatic cost-of-living adjustments began in 1975. Several bills before Congress would grant … [Read more...]

Did you see last Sunday’s Washington Post article?

Did you catch last Sunday's Washington Post article by David Hilzenrath, about the October bankruptcy filing of Erickson Retirement Communities? My phone has been ringing all week with people concerned about this news, because … [Read more...]

What Does the Bible Teach us About Estate Planning?

Sorry for the last minute notice, but I just found out that my church, Fairfax United Methodist Church (10300 Stratford Avenue, Fairfax, VA  22030), has space left for a course I'm teaching tomorrow evening entitled What Does the … [Read more...]

Evan Farr Teaches Course for Elder Law Attorneys Natonwide

~You Can Sign Up for a Similar Course for Consumers~Last Thursday, Evan Farr conducted a national, attorney-only teleconference sponsored by the National Business Institute (NBI) on the topic of the Income Only Trust -- an asset … [Read more...]

Update on Virginia Life Estate Law

In June of last year, I wrote that "in the near future, life estates will no longer be considered exempt assets when applying for Medicaid." This was due to the fact that the Virginia General Assembly had recently passed … [Read more...]

Updating Your Estate Plan When Your Finances Change

In the recent economic downturn, many homes have lost considerable value and stock portfolios have plummeted. If this is the case for you, as it is for many of our clients, you may need to change your will or amend your living … [Read more...]

Planning for Long-Term Care (Part 3)

In Part 1 of this series I outlined the necessity to create a good Long Term Care Plan and in Part 2 I discussed the three most essential documents found in that plan.The first essential document is a General Power of Attorney … [Read more...]

Planning for Long-Term Care (Part 2)

"Long-Term Care" refers to the broad spectrum of medical and support services provided to persons who have lost some or all capacity to function on their own due to a chronic illness or disabling condition, and who are expected to … [Read more...]

Estate Planning For Parents of Special Needs Children

A recent Wall Street Journal article focused on estate planning for parents of children with special needs, which includes the following challenges:  - How do you leave funds for the benefit of the child without causing the child … [Read more...]

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