By Mary E. Vandenack, JD, ACTEC, COLPM®, CAP®, Accredited Estate Planner® (Distinguished) Nominee

Artificial intelligence (AI) is generally defined as “the capacity of computers or other machines to exhibit or simulate intelligent behaviour; the field of study concerned with this.” While artificial intelligence has recently been in the forefront of the media due to the rapid evolution of new applications and use of the technology, the concept has been around for a long time.  

From an Internal Revenue Service (IRS) win in an individual retirement account (IRA) rollover contribution case involving James Caan, to increased contribution limits for ABLE accounts and updated guidance under the Corporate Transparency Act, we have recently seen significant developments in estate planning, elder and special needs law, and business law.

To ensure that you stay abreast of these legal changes, we have highlighted some noteworthy developments and analyzed how they may impact your estate planning, elder law, and business law practice.

By Jill Roamer, JD

According to the U.S. Department of Health and Human Services, there is an almost 70 percent chance that your client will need some type of long-term care by the time they are sixty-five. That care might be provided as in-home help or at an assisted living or nursing home facility. As an elder law attorney, it is important that you discuss with your client the type of care they would prefer and create a plan to pay for it.