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This April, members of the Special Needs Alliance (SNA) traveled to Washington D.C. for their annual spring meeting and a “Day on the Hill.” During their visit to Capitol Hill, SNA members briefed their local members in the Congress and Senate on issues regarding public policy, advocacy and special needs trusts (SNTs). Littman Krooks attorney [...]
Continue reading...The Social Security Administration (SSA) allows recipients of Social Security benefits to check their benefits information online, change their information for direct deposit, and accomplish other tasks. The online accounts, called “my Social Security,” are available at www.socialsecurity.gov/myaccount. To create an account, you must be at least 18 years of age, and have a Social [...]
Continue reading...More women tend to need long-term care coverage, and they will be paying more for it. Prices for long-term care insurance will soon reflect the reality that women live longer and file more claims than men. That change could mean significant upheaval in an already confusing and unpredictable market—and for some women who have been [...]
Continue reading...The NAEPC Education Foundation and the National Association of Estate Planners & Councils (NAEPC) are promoting April 2013 as National Financial Literacy Month. The goal of the awareness campaign is to help the American public learn how to keep their financial and estate plans up to date. Financial Literacy Month was officially designated by a [...]
Continue reading...Helping Families Plan for Their Special Needs Child Please join us for an informative webinar designed for parents and grandparents of children with special needs. Sheryl and Amy, two prominent Special Needs Planning attorneys, will discuss a variety of topics including: why planning for the future is necessary when to plan planning tools available the [...]
Continue reading...Congress has renewed a charitable rollover provision for individual retirement accounts (IRAs) that applies to people age 70-and-a-half and older. The provision had expired and has now been renewed through the end of 2013. The provision has several tax benefits. IRA owners who meet the minimum age requirement can donate up to $100,000 directly from [...]
Continue reading...New York seniors are getting a prescription price break. According to the AARP, almost 300,000 New York seniors enrolled under the state’s Elderly Pharmaceutical Insurance Coverage (EPIC) program are slated to receive co-payment assistance this year. Co-payment assistance, canceled due to budget constraints, was restored in the state’s budget as of January 1, 2013, though [...]
Continue reading...Life insurance plays an important part in your estate plan, especially if you have young children or a spouse or family member with a disability who depends on you for support. Life insurance can be especially helpful in providing immediate cash at death, which is often needed for funeral expenses and to pay the debts [...]
Continue reading...This article was published by Deborah L. Jacobs, Forbes Staff, featuring Bernard A. Krooks, Esq., Littman Krooks LLP I’m in Orlando this week at the Heckerling Institute on Estate Planning, the annual Super Bowl on the subject sponsored by University of Miami School of Law. This is the fourteenth consecutive year that I have attended [...]
Continue reading...The role of caregiver for an aging parent or other family member is traditionally filled by women. You may tend to picture women as caregivers to all segments almost exclusively. But although the stereotype of women caring for elderly relatives is widespread, it is increasingly inaccurate. A recent Pew Research Center report says that in [...]
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