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HTMLDo You Pay Taxes When You Sell Your Home?
Katherine Esshaki Wensink; McDonald Hopkins LLC;
Legal Alert/Article
August 30, 2016, previously published on July 20, 2016
When you’re thinking about whether to move or stay in a home, your laundry list of considerations should include the tax implications. Generally speaking, when a residence is sold, a capital gains tax is levied on the gain from the sale. The capital gain is the difference between the purchase...

 

HTML401(K) Plan Recordkeepers: Concerns about Cyberattacks and Data Breaches
Dan L. Makee; McDonald Hopkins LLC;
Legal Alert/Article
August 30, 2016, previously published on August 17, 2016
Have you done your due diligence concerning the data-security practices of your 401(k) recordkeeper? If you are a 401(k) recordkeeper, have you seen an uptick in the concerns of 401(k) plan advisors about your data security practices? 401(k) plan recordkeepers hold a wealth of personal information...

 

HTMLIllinois Passes Bill To Protect Digital Life after Death
Katherine Esshaki Wensink; McDonald Hopkins LLC;
Legal Alert/Article
August 30, 2016, previously published on July 6, 2016
The question of how to handle digital life after death can be problematic. Upon the death or incapacity of a loved one, there can be issues and privacy concerns with online bank accounts, Facebook pages, websites, and other digital assets.

 

HTMLThe Top Five Responsibilities of a Trustee of a Special Needs Trust
Chambliss Bahner Stophel P.C.;
Legal Alert/Article
August 25, 2016, previously published on August 2016
If you are considering taking on the responsibility of serving as the trustee of a special needs trust, you will probably have questions about the trustee's role. Trustees of special needs trusts have many important responsibilities, but these five likely rank at the top of any trustee's list.

 

HTMLHow to Recognize and Prevent Abuse of People with Special Needs
Chambliss Bahner Stophel P.C.;
Legal Alert/Article
August 25, 2016, previously published on August 2016
For a variety of reasons, people with special needs are more likely to suffer physical, mental and financial abuse than are others. Whether a physical disability prevents someone from protecting himself from bullying or a mental disability causes someone to be more trusting of people who would...

 

HTMLSpecial Needs Trust Fairness Act Moves Out of House Committee
Chambliss Bahner Stophel P.C.;
Legal Alert/Article
August 25, 2016, previously published on August 2016
The Special Needs Trust Fairness Act, a bill that would correct a decades-old error in federal law that prohibits people with special needs from creating their own special needs trusts, has passed out of the House Energy and Commerce Committee, bringing it one step closer to passage.

 

Adobe PDFReal Estate Taxes & Value Adjustment Board 2016 Update
Thomas E. Sliney; Greenspoon Marder;
Legal Alert/Article
August 17, 2016, previously published on August 8, 2016
The “Sun-Sentinel” recently headlined: “Taxable property values approach ’07 historic high”. The article stated tax bills are likely to climb with another year of increases. As prices rise taxpayers should review carefully their tax assessments. Property owners who...

 

Adobe PDFUS Government Expands Effort to Penetrate Secrecy In Residential Transactions Across NYC, Other Gateway Cities
Michael W. Galligan, Marc A. Landis, Tiberio Schwartz; Phillips Nizer LLP;
Legal Alert/Article
August 17, 2016, previously published on July 2016
In January of 2016, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) has ordered certain title insurance companies to identify the individuals behind the purchase of residential real estate in Manhattan (New York County, New York) and Miami-Dade...

 

HTMLTen Things You Should Know About the 2016 Uniform Unclaimed Property Act
Wilson G. Barmeyer, Holly H. Smith, Phillip E. Stano, Steuart H. Thomsen, Mary Jane Wilson-Bilik; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
August 11, 2016, previously published on August 11, 2016
The 2016 Uniform Unclaimed Property Act (2016 Act) was adopted unanimously by the Uniform Law Commission (ULC) in a 49-0 vote at its 2016 summer meeting. The adoption of the revised model law is a significant step forward for the new 2016 Act, which has been under development by the ULC for more...

 

HTMLStill Haven’t Prepared a Will? You Could be Leaving A Mess for your Spouse/Partner
Cheryl A. Jones; Pessin Katz Law, P.A.;
Legal Alert/Article
August 10, 2016, previously published on August 1, 2016
Statistics show that more than 50% of Americans die without having a Last Will and Testament. People tend to put off this important planning because they are either procrastinators (“I’ll worry about it later!”) or misinformed (“I don’t need a Will because my...

 


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