One common concern for fiduciaries who oversee home care: how should they handle household payroll? Are in-home caregivers independent contractors? Or must the fiduciary withhold Social Security and taxes from their paychecks?
As we explain in this week’s podcast,
Continue Reading Household Payroll for Home Care Workers
We have written before about Guardians ad litem (GALs), and even about judicial immunity. The confluence of those two concepts came up again this week in a new (though unreported) Arizona case on judicial immunity for GALs.
A little background
Continue Reading Judicial Immunity for GALs Revisited in Arizona
After the turkey, get your fill of the November developments in elder law. As I’m sure you’ve heard, Britney is free. Plus, the threat to change the estate tax seems to have passed, and the holidays bring challenges and opportunities:
Continue Reading November Developments: Britney, Taxes & More
The end of the year is upon us. So is the holiday season. You might be considering making gifts to your grandkids. Or perhaps to other people who are minors (or just young).
First a bit of good news. For
Continue Reading Gifts to Grandkids — and Other Young People
We see this practice when we represent trustees, conservators and other fiduciaries, and we always counsel against it. A trustee, for instance, might pay trust bills from their own funds and then make a reimbursement to themselves as fiduciary.
Continue Reading Reimbursement to Fiduciary — A Practice to Avoid
The death tax is barely breathing. The Trump tax laws passed in 2017 are having the expected detrimental effect on revenue collected from the estate tax, new IRS data shows.
Death Tax Data
Only 1,275 estate tax returns were filed
Continue Reading Death Tax Is on Life Support, IRS Data Shows
Though there’s still a lot of uncertainty, the estate planning and elder law picture for next year is coming into focus. Here are some of the changes for 2022 — both known and uncertain. We’ve organized them by categories that
Continue Reading Estate Planning Changes for 2022
When you administer a trust or estate, you need to pay particular attention to record keeping. That may seem like an obvious statement, but too often books and records are kept poorly — or not at all.
In this podcast
Continue Reading Record Keeping in Estate and Trust Administration
Imagine that you are conservator (of the estate) for a person who needs protection. Or, perhaps you are trustee of a trust for someone who has difficulty handling money. How do you handle regular living expenses?
You might think that
Continue Reading Living Expenses in Trusts and Conservatorships
We hear this from clients with some frequency: “I’ve put my son Joe on my accounts because when I die, I know he’ll need money for immediate expenses. I trust him. He’ll divide what’s left among all the kids.”
This
Continue Reading For ‘Immediate Expenses,’ How About a Joint Account?
