ElderLaw News – June 2009
In This Issue
- Estate Taxes: What’s a Taxpayer to Do?
- Accounting for Gifts and Loans to Children in Your Estate Plan
- Book Review: Long-Term Care at Home Consumer Guide
- Online Services Offer Estate Planning for Digital Assets
- Requiring Adult Children to Pay for Aging Parents
To Clients, Colleagues and Friends:
We are pleased to announce that Julian Gray has been selected in the top fifty 2009 Pittsburgh Super Lawyers. The Super Lawyers recognition is awarded to only the top 5% of lawyers in Pennsylvania and is based on an assessment of defining qualities and a balance of categories including experience, credentials, and achievements.
After almost a decade of changes in the federal estate tax code, and many states changing their tax structure in response to the federal changes, clarity appears to be on the horizon.
No parents want their children to fight among themselves after they are gone. Sadly, conflicts often arise, especially when a parent has gifted or loaned money to one child and not others. However, a few key words in your estate plan can minimize the potential for conflict.
An attorney now in his ninth decade has compiled a detailed reference for anyone needing to learn about caring for the elderly at home — and the book is available online free of charge.
Once upon a time, when life was less complicated, a safe deposit box key was all loved ones needed to unlock the secrets of a life recently ended. Today, many aspects of our lives — both financial and personal — are lived in places accessible only by password.
Did you know that children can be responsible for their parents’ unpaid bills? Thirty states currently have laws making adult children responsible for their parents if their parents can’t afford to take care of themselves.
Disclaimer: The information contained in this newsletter is not intended as legal advice and should not be relied upon to answer any specific questions concerning your own circumstances or for purposes of legal planning. For specific legal advice, please contact our offices.