February 2012
Issue: 2
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Dutton & Casey, P.C., Attorneys at Law, February Newsletter

 

We hope that you will find the February issue of our newsletter informative! The attorneys and staff at Dutton & Casey, P.C. understand the importance of information sharing. After all, staying informed can make a difference in how we plan for inevitable changes and how we react to sudden ones.
 
Please let us know if we can assist you.

Giving Your Home to Your Children Can Have Tax Consequences

 

Many people wonder if it is a good idea to give their home to their children. While it is possible to do this, giving away a house can have major tax consequences, among other results.

 

Click here to read the entire article.

TSA Sets Up Hotline for Air Travelers With Disabilities or Medical Conditions

 

Concerned about negotiating the airport security checkpoint with a frail elderly or disabled traveler? Now there is a dedicated hotline that travelers with disabilities or medical conditions and their families can call with questions or concerns about the security screening process.

 

Read the entire article.

 

Financial Industry Regulator Issues Warning on Senior Designations

FRAUD 2

 

 

Thousands of financial advisors market themselves as trained to provide investment advice to seniors, using authoritative-sounding titles like "certified senior advisor" or "certified retirement counselor." But often these designations are nothing more than what are called "weekend" designations, obtained by attending a hotel seminar, and some don't even require a high school or college diploma

 

read more.

Economists Say That Tightening Medicaid Rules Would Barely Increase Demand for Private Insurance

 

It is sometimes claimed that reducing the amount of assets an individual can keep while qualifying for MedicaiLONG TERM CARE INSURANCEd would increase the purchase of private long-term care insurance coverage. Now, two professors of economics have estimated that tightening Medicaid asset rules would do little to encourage the purchase of long-term care insurance policies.

 

learn more

Resources for Drivers

in Illinois  

 

 

Emergency Contact Database from the Illinois Secretary of State


This database allows Illinois instruction permit, driver's license and identification card holders to enter their emergency contact information, as well as disability/special needs information pertaining to the card holder, into a voluntary, secure database. In the event of a motor vehicle crash or other emergency where a person is unable to communicate, law enforcement may access this information to help them reach the person's designated emergency contacts and provide information to emergency/medical personnel on the scene of the emergency.

 

click here for more information

 

The Yellow Dot Program

   

The Illinois Yellow Dot Program is a statewide initiative to provide vital medical information on vehicle drivers and passengers. This program, coordinated through the Illinois Department of Transportation, is designed to provide first responders information during the 'golden hour', the time immediately following a crash. For more information on the program, go to www.yellowdotillinois.org. 

Upcoming Events

 

Our attorneys and staff are available for speaking engagements. 

 

Click here to learn more.

Click here to learn about upcoming speaking engagements.

Other Articles of Interest 

 

Once-in-a-Lifetime Gifting Opportunities

6 Ways to Retire Without a Mortgage

Who Gets the Vacation Home?

Long-Term Care Insurance Is Not Right for Everyone

What My Father's Death Taught Me About Estate Planning

How to Ensure Your Inheritance at Tax Time

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In This Issue
Giving Your Home Can Have Tax Consequences
Travelers who have a Disability
Watch out for Designations
Increased Need for Private Insurance?
A Must Read for All Drivers
Upcoming Presentations
Articles of Interest

Dutton & Casey, PC
Attorneys at Law

Appointments are available in Arlington Heights, Chicago, Skokie, and Vernon Hills, Illinois