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The Kroll Law Firm Is Now Known As Kroll Proukou, LLP... read more!
RECENT NEWS
When Should Older Drivers Have to Stop Driving?
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Facing Financial Ruin as Costs Soar for Elder Care
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Canadian Court Rules đź‘Ť Emoji Counts as a Contract Agreement
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Estate Planning for 2nd Marriages, LGBTQ Couples & Complex Family Situations (WXXI Legacy Society)
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Kroll Law Firm Will Now Be Known as Kroll Proukou, LLP
On behalf of Carolyn, Marcus, Richard, Nick, and the Kroll Law Firm team, we are happy to announce that the Kroll Law Firm will now be known as Kroll Proukou, LLP. We look [...]
Expect the SECURE 2.0 Act to Make Big Changes to Your Retirement Saving
Congress passed the long-awaited SECURE 2.0 Act of 2022 that promises to restructure most Americans’ 401(k) plans and change retirement contribution and withdrawal rules to [...]
Congress Just Approved 401(K) And IRA Changes That Affect Workers across Generations.
Saving for retirement just got a little bit easier. Congress approved big changes that can help 401(k) and IRA savers put a little more money away for their futures. A series [...]
New York State Budget Expands Medicaid Eligibility for Older Adults
Reaction to the 2023 New York State budget continues, and older adult advocates are pleased that the $220 billion plan passed by lawmakers earlier this month expands Medicaid [...]
NAELA Celebrates National Special Needs Law Month in October
The National Academy of Elder Law Attorneys (NAELA) established October as National Special Needs Law Month as a grassroots effort to help people with [...]
Legal Document Inventory for Individuals Engaged in Supported Decision-Making Arrangements
In the last issue of The Voice®, Professor David English presented a history and legal background of supported decision-making in the US. This article suggests documents [...]
Marcus Kroll On PennyWise Financial Vlog Episode 24 2022
Marcus gives advice on how to take care of your money, great tax help, and plenty of other valuable [...]
Using Retirement Accounts to Provide for a Disabled Child
Think your IRA is worth the face value? Think again. After income tax, your IRA could be worth a lot less than you think. Careful estate planning is required to [...]
After Pandemic Ravaged Nursing Homes, New State Laws Protect Residents
When the coronavirus hit Martha Leland’s Connecticut nursing home last year, she and dozens of other residents contracted the disease while the facility was on lockdown. [...]
Cancellation Of Student Loan Debt For Disabled:
The U.S. Department of Education announced that 323,000 borrowers will have student loan debt wiped out. This new regulation is canceling roughly $5.8 billion in debt for [...]
Impact Of Private Equity On Nursing Homes
The Private Equity Stakeholder Project documents the ownership of nursing facilities by private equity companies, tracing the ownership histories of some of the largest private [...]
Why It’s Not Easy to Access Mental Health Care When You’re Covered by Medicaid
For millions of people who are covered by Medicaid, mental health services were already challenging to access before the COVID-19 pandemic hit. Now those resources have become [...]
Stimulating Jobs Reduce Dementia Risk
People with mentally stimulating jobs have a lower risk of dementia in old age than those with non-stimulating jobs, finds a study published by The [...]
Nursing Home Overhaul Bill Would Boost Staffing Oversight
Responding to the ravages of COVID-19 in nursing homes, senior Democratic senators Tuesday introduced legislation to increase nurse staffing, improve infection control and bolster [...]
More Than 10% Of Older Adults At Risk Of Elder Abuse
More than 1 in 10 older adults in New York state – over 360,000 people – may become victims of elder mistreatment over the next decade, estimates a first-of-its-kind [...]
A Second 'Closet' for Some LGBTQ Seniors Entering Nursing Homes
The Stonewall generation is entering old age, and a new study finds many LGBTQ+ seniors are fearful that the prejudices of staff and fellow residents at nursing homes could leave [...]
Older Singles Have Found a New Way to Partner Up
About three years after she was widowed in 2016, the Chicago psychotherapist Linda Randall, then 78, felt her friendship with a widowed man turning romantic. She’d dated him [...]
Individuals with Disabilities and the Animals Providing Them Services
The following Article for the Voice is an update of one previously published, and reflects the ever-changing rules and regulations with respect to service animals and [...]
10 Tips for a Practical Estate Plan
A well crafted Estate Plan assures that you will transfer what you want, to whom you want, and the way you want, while minimizing the expenses of that transition. Estate planning [...]
Senate Bills Propose Changes to Estate Tax
There’s been a lot of coverage of President Joe Biden’s proposed changes to the tax laws, including reducing the federal estate tax exemption and eliminating the [...]
Inherited 500K or 1 Milion? Here's How to Make That Money Act Like a Monthly Pension
A weighty inheritance can feel unnerving when you’re unsure what to do with it, especially considering one wrong decision could cost a pretty penny. The good news: [...]
OPINION: Here's How You Can Save Money on Capital Gains Taxes When You Sell Your Home
My first wife died in 2013 and I remarried in 2014. My will gives my wife my house. I have owned four houses in four states starting in 1964. Each appreciated in value. I have not [...]
Opinion: Taxes In Retirement: What Happens After Your Husband Or Wife Dies
One of the most common retirement tax planning errors I see is specific to married couples: not accounting for the tax changes that will occur once one of the two spouses [...]
Fair Is Fair: Transitioning the Closely Held Business to the Actively Employed Child
Introduction While most individuals who are interested in designing an estate plan are typically focused on minimizing estate taxes as well as ensuring that assets pass [...]
My Parents Died Without A Will. But They Wrote Via Email They Wanted Me To Inherit Their Home.
Q: My parents died from the coronavirus within three weeks of each other. Their intent was to leave their house to me, and they shared this via emails and verbally to friends and [...]
Small-Business Loans Will Be Forgiven, but Don’t Ask How
Owners are flummoxed by how the loan forgiveness phase of the Paycheck Protection Program will work, as lenders await clarity and guidance. When the federal government began [...]
New Retirement Law Makes Big Changes to How You Save
Long-awaited SECURE Act contains dozens of provisions affecting 401(k)s, annuities, IRAs and taxes. Retirement planning is about to change in ways not seen since the Pension [...]
Opinion: Half Of Americans Over 55 May Retire Poor
OPINION: COVID-19 job losses, early withdrawals may decimate retirement finances How badly is COVID-19 hurting Americans on the cusp of retirement? Maybe worse than we [...]
The Battle for Picasso’s Empire
I had a papa who painted,” Maya Widmaier-Picasso once said when she exhibited some of her father’s paintings, drawings, and watercolors that she inherited after he [...]
Service Animals, Emotional Support Animals, and Individuals with Disabilities
May 2020 - Vol. 14, Issue 5 This article for The Voice was written by Richard A. Kroll, Esq. of Rochester, New York, a member of the Special Needs Alliance. An attorney with [...]
What Can You Do with Your Child’s Leftover 529 College Savings Account?
These accounts are flexible, and you have many options: Q.: We will not need all the money we have in my son’s 529 plan. What are our options with these funds? [...]
How to Use a Trust in Medicaid Planning
With careful Medicaid planning, you may be able to preserve some of your estate for your children or other heirs while meeting Medicaid's low asset limit. The problem [...]
New York Permits Remote Witnessing and Notarization of Estate Planning Documents
On April 7, Governor Cuomo issued an executive order allowing the act of witnessing estate planning document required under New York State laws to be done using audio video [...]
Estate Planning for Families with Special Needs: Top 10 Action Steps
Disabilities affect families at all income levels. Everyone knows someone who is challenged by a disabling condition–whether it is a physical, mental or intellectual [...]
Coronavirus Making People Rethink Wills, Estates and Other Legal Issues
There's nothing like a pandemic to realize your mortality. Attorneys who work on trusts and estates are reporting a surge in inquiries. If you're looking to update or [...]
DO NOT click the link! Police warn of scam COVID-19 text messages!
The latest scam plays off the notion of contact tracing. Our staff compiled the following: CURES AND VACCINES - you may receive a text message, email or phone call [...]
Warning Issued About New Social Security Scam
The Social Security Inspector General (IG) recently sounded the alarm about a new scam in which thieves are emailing fake documents purporting to come from the Social [...]
Keep Exercising: New Study Finds it’s Good for Your Brain’s Gray Matter
Cardiorespiratory exercise — walking briskly, running, biking and just about any other exercise that gets your heart pumping — is good for your body, but can it [...]
Our Body Systems Age at Different Rates, Study Finds
One 50-year-old has the nimble metabolism of a teenager, while another’s is so creaky he developed type 2 diabetes — though his immune system is that of a man 25 years [...]
Medicare’s Part D Doughnut Hole Has Closed! Mostly. Sorta.
With the new decade comes this long-awaited milestone: the Medicare Part D doughnut hole has closed. Two cheers. More than 61 million Americans are Medicare beneficiaries, [...]
Americans to Inherit $764 Billion This Year, Mostly Tax-Free
One way the rich get richer is through inheritance, and they’re barely paying taxes on it. Americans are projected to inherit $764 billion this year and will [...]
Battle Over a $9 Million Will Rests on Just One Clause
Jill Morris and Joan Anderson met decades ago in New York City and were romantically involved for close to 20 years. Ms. Morris, a psychologist, died in 2016 at age 84 after [...]
Integrating your Estate Plan
Surprisingly, not all assets pass under your Will. Assets first pass by “forms of ownership.” A jointly held home, brokerage or bank account will pass to the other [...]
When To Review Your Will - 11 Guidelines
A Change In The Tax Law - Major changes in the tax law (such as occurred in 2010) can have a significant impact on your estate, and the amount of potential tax that your estate [...]
If You Rest, You Rust? Study Finds Early Retirement May Speed Up Cognitive Decline
It’s hard to think of an early retirement as anything other than a positive. Who wouldn’t want to trade in their suit and tie for a pair of beach shorts? [...]
Steps to Prevent Dementia May Mean Taking Actual Steps
To ward off age-related cognitive decline, you may be tempted to turn to brain training apps. Last year, consumers spent nearly $2 billion on them, some of [...]
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