Category: Hook Law News

An important part of lifetime planning is the power of attorney. A power of attorney gives one or more persons the power to act on the principal’s...

When taxpayers fail to comply with noncash charitable contribution reporting requirements.. If you itemize your deductions on your tax return,...

Earlier this year we reported President Biden’s tax plan which included items such as raising the corporate tax rate, raising the highest...

If you are the agent under a power of attorney for a parent or loved one, you may often sign documents on their behalf. However, it is important...

Many of our clients have heard of the “five-year lookback” but few understand what it actually means. In essence, since Medicaid is a payer...

A Charitable Lead Trust (“CLT”) is tax beneficial way to achieve a donor’s philanthropic goals and pass assets to heirs at a reduced transfer...

There are two types of wills: (1) holographic and (2) non-holographic. Non-holographic – or typed, witnessed and attested wills –...

More than any other legal document, clients are most often concerned or hesitant about signing an advance directive or “living will.” The...

Over the course of the last year, one of the major developments in special needs law has centered around the funding of pooled special needs...

New Dental Benefits Available             Starting on July 1, 2021, adults over age...

Britney Spears was once one of the most famous pop stars on the planet. Her rise to fame made her a household name and led her to financial...

Transfer on Death Deeds (commonly referred to as a TOD deed) have been a popular estate planning tool in Virginia for years. TOD deeds, like...

Continuing Care Retirement Communities Continuing care retirement communities (also known as CCRCs or life plan communities) are residential...

It seems like there has been a flurry of legislative activity now that the COVID-19 vaccine has been developed and made readily available....

There has been a lot of talk about Congress eliminating the step-up in basis.  Although this is touted as a wealthy man’s loophole, many...

On June 7, 2021, the United States Food and Drug Administration (FDA) granted accelerated approval for Aduhelm, a drug that can be used to...

Many of our clients choose to use Revocable Living Trusts as part of their estate plan.  There are many benefits of using a Trust, one of...

In our ongoing review of tax effective charitable giving strategies, this article will discuss charitable giving with retirement accounts....

Charitable giving is often an important part of financial planning and estate planning as well as tax planning. Charitable giving should be...

In March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized stimulus checks of up to $1,200 to most Americans,...