
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 …
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 …
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 …
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 …
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 …
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 …
If you are planning to move to another state, will you be able to take your Medicare or Medicaid plans along? We get this question frequently, and it’s a good one. Many couples consider moving to warmer weather when they Read More …
Medicaid is a joint program of the federal and state governments that can cover the nursing home costs of individuals who meet its strict financial requirements. Single Person Medicaid Qualifications: A single person may qualify for Medicaid only Read More …
Prepaying for your funeral is one way to ease the burden on your family following your death and make sure your wishes are carried out. But pre-paid funeral plans come with risks, so you need to exercise care when purchasing Read More …
The Centers for Medicare & Medicaid Services (CMS) released the 2020 federal guidelines for how much money the spouses of institutionalized Medicaid recipients may keep, as well as related Medicaid figures. How Much Can the Spouse Keep Without Jeopardizing Medicaid Read More …
It is possible that an individual, once diagnosed as a person with special needs, sometime in the future will no longer qualify as “disabled” according to IRS regulations. The individual’s condition might have improved through remission or medical treatment, for Read More …
Grandparents often are particularly generous to grandchildren as they see their family’s legacy continuing on to a new generation. In many cases, grandparents feel they have ample resources and their children or grandchildren may be struggling financially. Assistance with summer Read More …
A growing number of people are entering into caregiver contracts with their family members. These contracts, also called personal service or personal care agreements, have many benefits, including rewarding the family member for indispensable help. Unfortunately when family caregivers keep Read More …
Many people fear losing their home if they have to enter a nursing home and apply for Medicaid. They believe that they can preserve their home by transferring it to their children prior to applying for Medicaid. Transferring a home Read More …