LexisNexis® Legal Newsroom
Alice Magdziak
Estate Tax and Other Federal Tax Provisions Expiring on December 31st

The estate tax along with tax provisions like the annual alternative minimum tax patch, the deduction for state and local sales taxes, the $4,000 deduction for college tuition, a provision that allows taxpayers age 70-and-a-half or older to transfer up...

Tags: Taxes
Adam J. Gottlieb
Intrafamily Loans – IRC Sec. 7872

By Adam J. Gottlieb Before 1984, a high-income taxpayer could loan money to a lower income taxpayer without charging interest on the loan and the loan terms would be respected on their face. For example, a parent could loan money to his or her child...

Michael H. Erde
Hot Topics in Elder Law for the Week of 1-4-10

The Department of Human Services adopted emergency amendments to the OIG’s investigations of alleged abuse or neglect in state-operated facilities and community agencies (59 Ill Adm code 50; 33 ill reg13489) implementing public act 96-407. This...

Tags: Elder Law
Andrew H. Hook, CELA, CFP®
Avoiding Common Investment Mistakes

The elder law attorneys at Oast & Hook are frequently asked to assist our clients with estate, long-term care, and investment planning. Unfortunately, we often find that our clients have made significant mistakes in their investment planning. These...

Wendy M. Greenberg
California’s New No-Contest Law

A “no-contest” clause is a provision in an instrument (generally a will or trust) that penalizes a beneficiary if he or she “contests” the instrument in a court action, usually by revoking amounts otherwise passing to the beneficiary...

Michael H. Erde
Hot Topics in Elder Law for the Week of 12-29-09

An Illinois appeals court found that a trust that prevented the trustee from making distributions if it would interfere with public assistance is an available asset for Medicaid eligibility purposes. Vincent v Dept of Human Services , Ill. Court App....

Tags: Elder Law