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Mar
Life Insurance, the Forgotten Asset Class
Estate Taxes are not the only reason to own Life Insurance. Life Insurance can be regarded as a vital, asset class separate from other savings and investments that adds diversification and certain unique benefits. With the November 2016 presidential and Congressional Election loo...
View MoreCategory: Estate Planning
25
Mar
New Discounted Entity Regulations Leave Small Window for Tax Planning
By Lorin G. Page, Esq. In early August, the Internal Revenue Service issued long-awaited proposed regulations in an attempt to limit the use of a key tax planning technique. In light of the proposed regulations, individuals and families with estate tax exposure should consider im...
View MoreCategory: Advisors
06
Mar
Medicare Rehabilitation Coverage – There is no “Improvement” Standard
Our clients frequently are faced with a common myth or misconception regarding what nursing home care may be covered by Medicare following a hospitalization when rehabilitation has been prescribed by the patient’s attending physician. Many times providers or insurers erroneously...
View MoreCategories: Elder Law Legal Advice Medicaid Vets
25
Mar
Your Business is Our Business
By Peter McGuire, Esq. As a firm focused primarily on estate planning, Strauss Attorneys works intimately with our clients to plan appropriately with a complete and accurate asset profile. Often with our business owner clients, that asset profile includes, first and foremost, the...
View MoreCategory: Advisors
06
Mar
Elder Exploitation and Financial Abuse: Marking the 10th Anniversary of World Elder Abuse Awareness Day
June 15th, 2016 marks the 10th anniversary of World Elder Abuse Awareness Day. Please read below for some important signs of Elder Abuse that can help you detect whether your loved ones or friends may be at risk of becoming a victim. Elder Exploitation and Financial Abuse It is...
View MoreCategories: Elder Law Estate Planning Guardianships Legal Advice
06
Mar
There is No “Improvement Standard” for Continued Medicare Rehabilitation Coverage
Our clients frequently are faced with a common myth or misconception regarding what nursing home care may be covered by Medicare following a hospitalization when rehabilitation has been prescribed by the patient’s attending physician. Many times families have been erroneously in...
View MoreCategories: Elder Law Legal Advice Medicaid Vets
06
Mar
Inherited Trust Shares and Divorce – Protecting your Children
Among the most important benefits of holding assets in a living trust is ensuring that they pass to beneficiaries protected from creditors, for instance, from a child’s divorcing spouse. A testamentary gift to your child outright and in their own name can be considered part of th...
View MoreCategories: Estate Planning Taxation Trusts
06
Mar
Why Everyone Should Have a Health Care Power of Attorney
A Health Care Power of Attorney is a document that authorizes another person to make medical decisions for you if you are unable to do so. There are many different situations that could result in a person being unable to make or communicate medical decisions and these situations...
View MoreCategories: Elder Law Estate Planning Legal Advice Medicaid Trusts
06
Mar
More for Christmas, Less for the IRS – Saving Money with Year End Tax Planning
Executive Summary Most year-end income tax planning strategies fall into two broad categories: first, maximizing available credits and deductions, and second, accelerating and postponing income and deductions. The heart of intelligent income tax planning is taking advantage of c...
View MoreCategories: Estate Planning Firm Ira Distribution Planning Taxation
06
Mar
Do You Have an Out-of-State Trust: Getting Your Refund After the Kimberly Rice Kaestner Case
A recent decision by the North Carolina Business Court could have significant ramifications for North Carolina’s taxation of trusts, and could result in substantial refunds for certain beneficiaries. In Kimberley Rice Kaestner 1992 Family Trust v. North Carolina Department of Rev...
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