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Tory Prasco
Can You Be Liable For Your Parent’s Nursing Home Bills?
Filial Responsibility I. Introduction Filial responsibility laws purport to obligate adult children to financially assist their parents if the parents are indigent or financially unable to pay their bills for life’s necessities. Depending on...
Update on Estate and Financial Planning Before and After December 31, 2012
On December 17, 2010, President Obama signed into law the “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.” It increased the federal estate tax exemption to $5,000,000 effective January 1, 2011. ...
Attended the 38th Annual Notre Dame Tax and Estate Planning Institute
Tory Prasco attended the 38th Annual Notre Dame Tax and Estate Planning Institute in South Bend, Indiana this Fall. Over 30 prominent speakers from around the country lectured for two days on important tax, estate planning and administration...
Calumet College of St. Joseph Board of Trustees Member
Tory Prasco has been invited to be a member of the Board of Trustees of Calumet College of St. Joseph(CCSJ) in Whiting, Indiana. CCSJ is a small, family-oriented, four-year Catholic college offering master’s, bachelor’s, and associate’s...
Legacy Foundation Elects Board, Officers
Tory Prasco, partner at Burke Costanza & Carberry LLP, has been elected as the chairman of the Grants Committee at the Legacy Foundation. Please see article for more information.
Indiana Investment Fund
Tory Prasco was one of the panel members in March 2009 presenting the Indiana Investment Fund to local business owners and professional advisors. The Indiana Investment Fund I (“IIF”) was designed by Indiana PERF to develop a diversified,...
Saving for College – Section 529 Plans
If you have a child (or a grandchild) who you expect will attend college in the future, you should consider making contributions to a 529 Plan for their benefit. 529 Plans have their name because they are authorized by Section 529 of the...
Congress Makes Changes to Legislation Concerning “Kiddie Tax”
Most recently, Congress again expanded the tax in the Small Business and Work Opportunity Tax Act in 2007. In addition to increasing the age limitation for the tax, Congress added a new level of complexity by creating three separate classes of...