July 16th, 6 – 9PM at the Lake Erie Crushers Game in Avon, OH
Do you love local baseball as much as Joe? Take advantage of the opportunity to enjoy a wonderful night with the family watching baseball at the Lake Erie Crushers stadium in Avon on July 16th and stop by Joe's table. Read More ...
North Coast Business Expo Thurs., July 15th 3-5:00 PM in Avon Lake
The City of Avon Lake, in cooperation with the North Coast Chamber of Commerce, has announced the return of the 8th annual North Coast Business Expo on Thursday, July 15 from 3:00 p.m. to 5:00 p.m. at Ahern's Banquet Center, Read More ...
Saying Medicaid Estate Recovery Keeps Families in Poverty, Groups Call to Abolish It
To qualify for Medicaid coverage of long-term care, you must satisfy very complicated financial eligibility rules—rules that often can be traps for the unwary. One of the most significant traps is Medicaid's right to recover its expenses from your estate Read More ...
Industry Group Reports 2021 Premiums for New Long-Term Care Insurance Policies
Prices of new long-term care insurance policies for 2021 have have been posted in the annual report from the American Association for Long-Term Care Insurance, an industry group. The price increases apply to new, not current policies. Comparing the 2021 prices with 2020 Read More ...
Younger Adults Now More Likely to Have a Will, According to Survey
A new survey has found that motivated in part by the coronavirus pandemic, younger adults are now more likely to have a will than middle-aged adults. Nevertheless, the overall percentage of Americans with a will has dropped over the past Read More ...
Don’t Wait Too Long to Purchase Long-Term Care Insurance
The older you get, the harder it is to qualify for long-term care insurance. If you are interested in buying this insurance, it is better to act sooner rather than later. Many people put off purchasing long-term care insurance until Read More ...
Who Should Buy Long-Term Care Insurance?
Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your options. Long-term care – care in a nursing home or Read More ...
Senators Propose Sweeping Changes to the Taxation of Estates and Inherited Gains
Vermont senator Bernie Sanders (D) has introduced legislation that would require more estates to pay estate tax and that raises the amounts they would pay. Another proposed law would eliminate the step-up in basis that inherited assets currently enjoy. Taken Read More ...
Why an Irrevocable Trust May Be Superior to Gifting
Parents and other family members who want to pass on assets during their lifetimes may be tempted to gift the assets. Although setting up an irrevocable trust lacks the simplicity of giving a gift, it may be a better way Read More ...
Medicaid Recipients Have More Time to Spend Down Stimulus Check
The one-year deadline for nursing home residents on Medicaid to spend down their first round of stimulus checks is here, but they may have a little extra time. Stimulus Checks Excluded From Medicaid's Resource Limits for 12 Months In March Read More ...
Estate Planning
Saying Medicaid Estate Recovery Keeps Families in Poverty, Groups Call to Abolish It
To qualify for Medicaid coverage of long-term care, you must satisfy very complicated financial eligibility rules—rules that often can be traps for the unwary. One of the most significant traps is Medicaid's right to recover its expenses from your estate Read More ...
Younger Adults Now More Likely to Have a Will, According to Survey
A new survey has found that motivated in part by the coronavirus pandemic, younger adults are now more likely to have a will than middle-aged adults. Nevertheless, the overall percentage of Americans with a will has dropped over the past Read More ...
Don’t Wait Too Long to Purchase Long-Term Care Insurance
The older you get, the harder it is to qualify for long-term care insurance. If you are interested in buying this insurance, it is better to act sooner rather than later. Many people put off purchasing long-term care insurance until Read More ...
Who Should Buy Long-Term Care Insurance?
Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your options. Long-term care – care in a nursing home or Read More ...
Senators Propose Sweeping Changes to the Taxation of Estates and Inherited Gains
Vermont senator Bernie Sanders (D) has introduced legislation that would require more estates to pay estate tax and that raises the amounts they would pay. Another proposed law would eliminate the step-up in basis that inherited assets currently enjoy. Taken Read More ...
Why an Irrevocable Trust May Be Superior to Gifting
Parents and other family members who want to pass on assets during their lifetimes may be tempted to gift the assets. Although setting up an irrevocable trust lacks the simplicity of giving a gift, it may be a better way Read More ...
Medicaid Recipients Have More Time to Spend Down Stimulus Check
The one-year deadline for nursing home residents on Medicaid to spend down their first round of stimulus checks is here, but they may have a little extra time. Stimulus Checks Excluded From Medicaid's Resource Limits for 12 Months In March Read More ...
Stretch the Gift Tax Limit by Paying for Education or Health Care
If you want to make a gift to family members but have exceeded the annual gifting limit, there is another way. Payments for a family member’s education or health care expenses are exempt from the gift tax. The annual gift Read More ...
ABLE Account Could be a Great Place for Your $1,400 Stimulus Payment
President Biden has signed the $1.9 trillion American Rescue Plan into law. Among its benefits are $1,400 checks that are already landing in the bank accounts or mailboxes of most Americans to help them weather the economic downturn caused by Read More ...
What a Will Does Not Do
While a will is one of the most important estate planning documents you can have, there are things that it won’t cover. A will is just one part of a comprehensive estate plan. A will is a legally-binding statement directing Read More ...
Long Term Care Planning
Saying Medicaid Estate Recovery Keeps Families in Poverty, Groups Call to Abolish It
To qualify for Medicaid coverage of long-term care, you must satisfy very complicated financial eligibility rules—rules that often can be traps for the unwary. One of the most significant traps is Medicaid's right to recover its expenses from your estate Read More ...
Industry Group Reports 2021 Premiums for New Long-Term Care Insurance Policies
Prices of new long-term care insurance policies for 2021 have have been posted in the annual report from the American Association for Long-Term Care Insurance, an industry group. The price increases apply to new, not current policies. Comparing the 2021 prices with 2020 Read More ...
Don’t Wait Too Long to Purchase Long-Term Care Insurance
The older you get, the harder it is to qualify for long-term care insurance. If you are interested in buying this insurance, it is better to act sooner rather than later. Many people put off purchasing long-term care insurance until Read More ...
Who Should Buy Long-Term Care Insurance?
Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your options. Long-term care – care in a nursing home or Read More ...
Why an Irrevocable Trust May Be Superior to Gifting
Parents and other family members who want to pass on assets during their lifetimes may be tempted to gift the assets. Although setting up an irrevocable trust lacks the simplicity of giving a gift, it may be a better way Read More ...
Advanced Planning for Long-Term Care Can Protect Assets from Medicaid
When most people think of long-term care or the "need to stay in a home," they think of it has a worst-case scenario as we approach end of life that entails losing one's independence and personal autonomy. Although that may Read More ...
Does Medicaid Cover Nursing Home Care?
For better and for worse, Medicaid is the primary method of paying for long-term care and nursing homes in the United States. But navigating the Medicaid system is complicated and confusing. Here are the basics. What is Medicaid? Medicaid is a Read More ...
What to Do with Stimulus Check if You’re in a Nursing Home or on Medicaid
As the second (and maybe third) round of stimulus checks go out, it is important to know that nursing home residents are not required to turn their checks over to their nursing home. And Medicaid recipients need to spend the Read More ...
Prepare for Medicaid with These Estate Planning Tips
Long-term care involves not only a loss of personal autonomy; it also comes at a tremendous financial price. Proper long-term care planning can help your family prepare for the financial toll and protect assets for future generations. Long-term care can Read More ...
What is Long-Term Care and Who Provides It?
Long-term care is the care you need if you can’t perform daily activities on your own for an extended period of time. There are a number of different ways that long-term care can be provided which are explained in our Read More ...