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Louis P Lepore
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Louis Lepore’s Legal Guides

13 total


  • Why a Revocable Living Trust Works

    The concept is simple. When a revocable living trust is established, the name on the titles to the clients assets is changed to the trustee of the trust. Legally, the individual no longer owns the assets; the trustee of the trust owns them. Thus, when the individual becomes disa...

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  • Estate Planning: An Overview

    Our clients expect their estate planning will cause their property to go to whom they want, the way they want, when they want and that it will minimize the impact of taxes, professional fees and court costs. They also expect their estate planning will help them keep control of th...

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  • Niche Trusts

    What Is a Trust?Almost always, when someone says "trust," they mean what is called an "express trust" - a tri-party relationship intentionally established by a grantor (who is the owner of property), a trustee (who receives and agrees to hold and manage the property), and a benef...

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  • The Continuing Significance of Non-Qualified Deferred Compensation

    The Continuing Significance of Non-Qualified Deferred Compensation If you work with business owners and their key employees - or you would like to - you need to be conversant about Non-Qualified Deferred Compensation (NQDC) plans. NQDC is often a significant component of key empl...

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  • 7 Tips for Helping Families with Special Needs

    . There are numerous misconceptions in this area that can result in costly mistakes when planning for special needs beneficiaries. Understanding the pitfalls associated with special needs planning is a must for all of us who assist families who have loved ones with special needs....

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  • Planning for Long-Term Care

    Studies predict that approximately 40% (2 out of every 5) of Americans reaching age 65 will need some type of long-term care (LTC). Some of your clients would prefer to stay at home, no matter what the cost. However, without proper planning, the lack of available services and the...

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  • The Future of Medicaid and Medicare

    Proposed Cuts As has been widely reported, the Obama Administration is offering to cut tens of billions of dollars from Medicare and Medicaid as part of the negotiations to reduce the federal budget deficit. The depth of the cuts depends on whether Republicans will accept any ...

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  • Advanced Estate Planning Can and Often Does Have Income Tax Implications.

    Advanced estate planning, on the other hand, often involves income tax considerations. Advanced planning involves creation of trusts and/or entities. Sometimes, advanced estate planning is used to reduce income taxes by shifting income from a taxpayer in a high bracket to a taxp...

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  • Planning with the $5 Million Gift Tax Exemption

    Gift, Estate and GST Exemptions and Tax Rates: In 2011 and 2012, the gift, estate and generation-skipping transfer tax exemptions are all $5 million and the tax rate is 35%. If Congress does not act

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  • Is There a Crisis in Estate Planning?

    The Danger and Opportunity Before Us The danger is real. Prospective clients may think there is no need for them to plan because they are exempt from the estate tax, at least for now. They may be lul

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