A Quick Look at Medicare, Medicaid, and Nursing Homes
Mar 10, 2015
Many people are surprised to discover that Medicare actually provides very limited coverage for nursing homes. How many days of care in a nursing facility will Medicare cover? In theory, Medicare Par...
See Full Guide
Should You Buy Long-Term Care Insurance (LTCI) ? How to Decide
Mar 03, 2015
One of the most difficult financial decisions for middle-aged and older people is whether to purchase long-term care insurance. On the one hand, LTCI premiums are generally high, they’re likely to inc...
See Full Guide
Eight States Are Easing Their Estate Taxes in 2015
Feb 24, 2015
Eight states are reducing their estate tax burden in 2015, which is good news for anyone who lives or owns property in those states. New York and Maryland are increasing their exemption amounts : For...
See Full Guide
Should You Enroll in Medicare if You're Still Working? (part 1)
Feb 17, 2015
Many people today keep working beyond age 65 - the age when most people become eligible for Medicare. If you're still working and your employer offers health coverage, do you need to enroll in Medicar...
See Full Guide
Saving taxes with WINGs, NINGs and DINGs
Feb 10, 2015
Some taxpayers with large state income tax bills have been trying to avoid them through the use of out-of-state trusts. These trusts have been created in three states that have no or minimal state inc...
See Full Guide
How to Help Your Trustee Make Good Decisions for Your Family
Feb 03, 2015
When you create a trust for your heirs, you have little choice but to make predictions about what their needs will be many years down the road. Because circumstances change, it’s a good idea to make y...
See Full Guide
Some Gifts to Charity Should Be Made Now, Not in Your Will
Jan 27, 2015
In the past, many people’s wills included a sizable donation to charity. Because the federal estate tax was so burdensome, including charitable bequests in a will was a good idea since it reduced the...
See Full Guide
Here’s yet Another Danger of ‘do-it-yourself’ Wills
Jan 22, 2015
Some people try to save money by writing their own will using a pre-printed form or an online program, without consulting a qualified attorney. We often advise people that this is a mistake. Why is it...
See Full Guide
Inherited IRAs aren’t protected from creditors
Jan 14, 2015
If you’re planning to leave an IRA or other retirement account to your heirs, you might want to consider creating a trust to hold the account. That’s the upshot of a recent ruling from the U.S. Suprem...
See Full Guide
New danger for IRA rollovers
Jan 14, 2015
There’s now a big danger if you’re rolling money over from one IRA into another IRA, as a result of a decision from the U.S. Tax Court. How many IRA-to-IRA rollover am I allowed per year? Under federa...
See Full Guide