Ziese & Associates, Ltd.

Robert J. Ziese, Esq.

Kathryn G. Ziese Financial Services

Client Newsletter - Jan. - Mar. 2002


It's Tax Season - We Can Help You!

Call us for real estate, wills & trusts, tax & bankruptcy issues, business startup & litigation, matrimonial, adoption, and non-profit organization matters
973-625-4559


CONTENTS:

TAX    NEWS

                Gift Tax Limit Increased

                Retirement Contributions Limits Increased

Old Cell Phones Save Lives

Guardianship and Conservatorship for the Elderly

Copyright Law Foes Lose Big

 

TAX  NEWS

Gift Tax Limit Increased

For 2002, the Gift Tax limit has been increased from $ 10,000 to $ 11,000. This means that you can give $ 11,000 (or $ 22,000 from you and your spouse) to each of your children, grandchildren, or anyone else without them or you paying tax. This is frequently used by older people to reduce the size of their taxable estate at death.

Retirement Contributions Limits Increased

The new limits are:

 

IRA  CONTRIBUTION LIMITS
Calendar Year Persons Under 50 Persons Over 50
2001 $ 2,000 $ 2,000
2002 $ 3,000 $ 3,500
2003 $ 3,000 $ 3,500
2004 $ 3,000 $ 3,500
2005 $ 4,000 $ 4,500
2006 $ 4,000 $ 5,000
2007 $ 4,000 $ 5,000
2008 $ 5,000 $ 6,000
     
401(K)/403(B) CONTRIBUTION LIMITS
Calendar Year Persons Under 50 Persons Over 50
2001 $ 10,500 $ 10,500
2002 $ 11,000 $ 12,000
2003 $ 12,000 $ 14,000
2004 $ 13,000 $ 16,000
2005 $ 14,000 $ 18,000
2006 $ 15,000 $ 20,000
     

 

 


Old Cell Phones Save Lives

The rapid pace of technology change makes equipment obsolete before it wears out. Our 1996- vintage cellular telephones wouldn't work reliably in some areas and seemed huge and clunky by today's standards. Our cellular service provider offered a terrific deal on "equipment upgrades".

What do you do with the old cell phones? Can they be recycled?

The answer is that old cell phones are valuable (and a tax deductible contribution) to organizations that provide services to abused women and children and to the needy elderly. All cell phones, even after their service has been disconnected, can connect to 911 for emergency calls. The old cell phones allow quick access to help in an emergency and could save a person's life.

We donated our phones, with the extra batteries and chargers, to Domestic Abuse Services, Inc.(973-579-2386). 

Guardianship and Conservatorship For The Elderly

As people live longer, we increasingly see situations where elderly parents or siblings may no longer be able to take care of themselves or their assets.

The best solution is to have a Durable Power of Attorney and a Health Care Directive executed while the elderly person is healthy and fully aware of his or her actions. These documents are simple and cost under a $ 100.

If this has not been done, the family of the incapacitated person will have to apply to the Court for Guardianship or Conservatorship.

The key features and differences are:

Guardianship Conservatorship
Court- supervised Yes Yes
Need consent of incapacitated person? No Yes
Manages Property & person Property only
Physicians affidavits needed 2 None
Court-appointed lawyer for incapacitated person Yes Yes
Annual accountings required Yes Yes
Cost to get order $ 3000- 4000 $ 2000- 3000

 



    Copyright Law Foes Lose Big 

From Wired News, available online at:
http://www.wired.com/
 
By Declan McCullagh 

If there was a scorecard for copyright lawsuits, it would look like this: entertainment industry 2, free speech zip. 

With a pair of federal courts siding with the music and record industry, the Electronic Frontier Foundation lost two of its most important intellectual property cases so far. Programmers, hackers and open-source aficionados had pinned their hopes on these lawsuits as a way to eviscerate the Digital Millennium Copyright Act, a 1998 federal law loved by the entertainment and software industries almost as much as it's hated by computer professionals. 


Now, all of a sudden, repealing the reviled DMCA through First Amendment litigation seems altogether unlikely. Nor, given how much Washington politicians adore the law, is Congress likely to alter it. In its decision, the Second Circuit Court of Appeals trashed the EFF's arguments, saying they were anything but convincing. The appeals panel ruled 3-0 to uphold an August 2000 decision by U.S. District Judge Lewis Kaplan that barred 2600 magazine from distributing a DVD-descrambling utility. 

The second blow, in an unrelated case in New Jersey, came when a federal district judge dismissed a challenge to the DMCA that EFF had filed on behalf of Princeton University professor Ed Felten. The EFF had hoped to win by touting the First Amendment, and arguing that the DMCA unduly restricted both computer software and even Felten's scientific research. It didn't work. The appeals court, based in New York, sided completely with the Motion Picture Association of America, whose member companies sued 2600 to block the distribution of the DeCSS DVD utility. 

For the EFF, the appeals court ruling started well enough: "We join the other courts that have concluded that computer code, and computer programs constructed from code, can merit First Amendment protection." (The Sixth Circuit already has decided that, as did the Ninth Circuit.) 

But the judges went on to quote long-held principles of First Amendment law, noting that Congress can still muzzle speech if the restriction is a neutral one, if it advances a substantial government interest and if it's targeted precisely at a certain type of expression. 

By that point, it was no surprise where the judges were heading. They concluded that the DMCA is "content-neutral, just as would be a restriction on trafficking in skeleton keys identified because of their capacity to unlock jail cells, even though some of the keys happened to bear a slogan or other legend that qualified as a speech component." 

Concluded the panel: "0ur task is to determine whether the legislative solution adopted by Congress, as applied to the appellants by the district court's injunction, is consistent with the limitations of the First Amendment and we are satisfied that it is." 

Even worse for the EFF was the court's flat rejection of another argument made on behalf of 2600: By locking up digital content behind copy protection devices, Hollywood had trampled on the right to make "fair use" of that material. 

"A film critic making fair use of a movie by quoting selected lines of dialog has no constitutionally valid claim that the review (in print or on television) would be technologically superior if the reviewer had not been prevented from using a movie camera in the theater," said the panel. "Nor has an art student a valid constitutional claim to fair use of a painting by photographing it in a museum." 

In fact, the appeals court couldn't stop praising Kaplan, whose injunction against 2600 last year compared DeCSS to a "common-source outbreak epidemic" that could imperil the movie industry. 

The appeals decision is peppered with compliments like "comprehensive," "cogently explained," "especially carefully considered," and "extremely lucid." 

Charles Sims, an attorney at Proskauer Rose who represented the MPAA plaintiffs, said his clients are "delighted with this decision." 

"The arguments against this law are preposterous," Sims said. "It's an EFF fund-raising operation. It's raised lots of money by hysterical attacks against this law. Four judges have looked at the challenges and said, 'There's no there there.'" 

Sims said the appeals court's opinion was well-crafted: "The law was
not aimed at anybody's speech. The law was aimed at avoiding harm." 

If EFF does not appeal to the Supreme Court, the case is over. 

EFF's lawsuit before a federal court in Trenton, New Jersey fared little better. U.S. District Judge Garrett Brown dismissed the nonprofit group's suit against the Recording Industry Association of America, prompting EFF to call the judge "plainly hostile" in a press release. 

"This judge apparently believes that the fact that hundreds of scientists are currently afraid to publish their work and that scientific conferences are relocating overseas isn't a problem," said EFF attorney Robin Gross. "This decision is clearly contrary to settled First Amendment law, and we're confident that the Third Circuit Court will reverse it on appeal." 

Filed in June, the suit claimed that the RIAA tried to stifle publication of a paper co-authored by Felten, the Princeton researcher. In April, recording industry told Felten and his co-authors that the planned publication of their work at the Information Hiding Workshop violated the DMCA. 

After the conference was over, however, SDMI said it "does not -- nor did it ever -- intend to bring any legal action" against Felten. RIAA stressed at the time that its member companies are strong believers in free speech. 

In a statement, RIAA Vice President Cary Sherman said, "We are happy that the court recognized what we have been saying all along: There is no dispute here. As we have said time and again, Professor Felten is free to publish his findings." 

Copyright (C) 1994-2002 Wired Digital Inc. All rights reserved. 


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