New York City Office655 Third Avenue, 20th Floor
New York, New York 10017
(212) 490-2020 Phone
(212) 490-2990 Fax
Westchester Office399 Knollwood Road
White Plains, New York 10603
(914) 684-2100 Phone
(914) 684-9865 Fax
Dutchess Office300 Westage Business Center
Drive, Suite 400
Fishkill, NY 12524
(845) 896-1106 Phone
(845) 896-1107 Fax
Same sex couples often encounter unique estate planning issues, as their unions are not recognized in most states, and are, therefore, not legally protected. There are, however, estate planning options open to same sex couples that can provide them with the security they need. Living trusts are one of the best options for same sex [...]
Continue reading...The recent repeal of the federal estate tax is having a profound impact on the estate plans of millions. Littman Krooks LLP is offering a complimentary estate tax seminar for those who wish to learn more about how they might be affected. This repeal has the potential to affect the estate plans of millions of [...]
Continue reading...It is important for all parents to plan for their child’s protection and care in the future and having an estate plan will ensure this kind of protection. Estate planning when an adopted child is involved is often a complicated process, as it involves a number of factors that are not necessary when planning for [...]
Continue reading...Many veterans may be eligible to receive nursing home benefits from the Veterans Administration. The VA currently provides nursing home care to veterans through three national programs: VA Community Living Centers (CLC), state veterans’ homes that are owned and operated by the states, and the contract community nursing home program. Community Living Centers offer veterans [...]
Continue reading...The Veterans Administration’s Improved Pension Program (IPP) includes a basic benefit that is open to many low-income United States veterans or their surviving spouses. Many veterans are simply unaware of this benefit, or think that they do not qualify because the benefits of this program are dramatically different from other VA programs. This is because [...]
Continue reading...According to the Pew Research Center, currently around 30% of adult children in America contribute financially to the care of parents. Expenses range from medical care to assisted living care to simply making sure the household contains enough food. As a result, plans for one’s own future care may need to include plans for the [...]
Continue reading...When drafting a Will or trust document it is always important to consider multiple contingencies. One such contingency is the possibility that the primary beneficiary of your estate will not survive you. If a new beneficiary is not named, by default the state will decide how assets and property are to be distributed, according to [...]
Continue reading...Starting January 1, 2010, the rules governing conversion of traditional IRA or 401(K) accounts to a Roth IRA will change. Through the end of 2009, only people with a modified adjusted gross income of less than $100,000 are eligible to convert traditional accounts to a Roth IRA. The income restriction will be lifted in 2010, [...]
Continue reading...Until the end of 2009, the inheritance tax, also referred to as the estate tax, stands at 45 percent for estates over $3.5 million. The tax will sunset at the end of the year, for one year only. It will then be reinstated in 2011 at the rate of 55% with an exemption of $1 [...]
Continue reading...In early December, the House voted to extend $31 billion in tax breaks that are due to expire at the end of 2009. The package of 45 deductions includes measures such as an income tax deduction for sales and property taxes, and credits for business to fund research and development. The tax breaks are generally [...]
Continue reading...
