Blog for John Sweeney - Elder, Wills, Estates, Trusts, Special Needs, Business, & Tax Lawyer in CT and NY

ABLE Account Update April 2016

Posted by John Sweeney | Apr 15, 2016 | 0 Comments

Many states have enacted the legislation for ABLE accounts including NY and CT and the federal legislation is in place too. However, as of 4-16 no state has the account operational so you can't open one. In addition, Congress changed the rule in 12-15 so now you do not have to open an ABLE account in your own can use any state. As a result, some states may not offer them or might create joint accounts with other states. In the meantime, most people will use a pooled trust or special needs trust.

Family Limited Partnership Tax Benefits

Posted by John Sweeney | Aug 17, 2015 | 0 Comments

The tax games available for Family Limited Partnerships are about to be severely limited.   FLP's are often used for tax limiting purposes in estate planning and the transfer of business ownership.   On August 6, 2015, the Department of the Treasury issued Notice 2015-54 announcing its intent to...

Residents Rights in Nursing Homes

Posted by John Sweeney | Aug 11, 2015 | 0 Comments

Nursing homes often follow operating procedures that violate the Law and are harmful to residents. Fortunately, Residents' Rights are guaranteed by the federal 1987 Nursing Home Reform Law.(Section 483.25 of Title 42 of the Code of Federal Regulations). The law requires nursing homes to care f...

Connecticut Employee Online Privacy Law

Posted by John Sweeney | Jul 16, 2015 | 0 Comments

Connecticut Enacted an Employee Online Privacy Law in May which is effective 10-1-15. Public Act No. 15-6. Some 20 other states have similar statutes.  The law prohibits employers from requiring or requesting employees or applicants to: (a) provide user names, passwords or other means to access a...

Review Your Estate Plan Every 5 Years

Posted by John Sweeney | Jul 10, 2015 | 0 Comments

Most people put off estate planning.  Let's face it, you have to pay a lawyer and you have to consider death and a bunch of other unpleasant scenarios.  Personally, I'd rather have my nails pulled.   Most often people finally do their estate planning and draft a Will when they have to which is o...

Connecticut Tax Changes 7-1-15

Posted by John Sweeney | Jul 08, 2015 | 0 Comments

Connecticut made a variety of tax changes to individuals and businesses with the recent budget.  Guess what?  Taxes are going up.  The highlights are below and they are effective July 1, 2015.  Individual Tax Changes The highest existing income tax bracket is increased.  The 6.7% tax bracket ...

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Elder, Wills, Estates, Trusts, Special Needs Tax & Business Law; Attorney John Sweeney

Sweeney Legal, LLC, provides legal, practical, and business counsel to Seniors, families, and businesses in the Fairfield, Connecticut area, including the communities of Bridgeport, Bethel, Brookfield, Danbury, Darien, Easton, Fairfield, New Canaan, Newtown, Norwalk, Redding, Ridgefield, Stamford, Weston, Westport and Wilton. John is also licensed in New York serving Westchester County including the towns of Bedford, Lewisboro, Mount Kisco, North Salem, Pound Ridge, and Somers.