8 02, 2023

Highlights of How the Omnibus Bill Will Benefit Older Adults

2023-01-22T15:16:16-05:00February 8th, 2023|

The Senate and House have cleared the passage of a year-end $1.7 trillion appropriations bill that will benefit older adults on a number of fronts. The bill, which runs more than 4,000 pages and includes a wide variety of legislation, [...]

7 02, 2023

Who Can Override a Power of Attorney (POA)?

2023-05-08T07:27:39-04:00February 7th, 2023|

A power of attorney (POA) is a legal agreement that gives a person (agent) the ability to act on behalf of another person (principal). A common question asked about POAs is under what circumstances a person can override them. POAs can be [...]

6 02, 2023

3 Tips When Including Caregivers in Your Estate Planning

2023-01-26T09:04:42-05:00February 6th, 2023|

November marks National Family Caregivers Month. You may have a caregiver in your life to whom you wish to bestow your gratitude by designating them as an heir in your estate plan. Whether your caregiver is your own child — [...]

3 02, 2023

Does Power of Attorney End at Death?

2023-07-24T07:21:28-04:00February 3rd, 2023|

A power of attorney is a powerful planning document that enables you (the principal) to give another person (the agent or attorney-in-fact) the power to act for you while you are alive. Because it is often prepared in the context of [...]

3 02, 2023

What Not to Include in Your Will

2023-01-26T09:05:00-05:00February 3rd, 2023|

If you are considering preparing a will, this is a great first step in planning for the future. After reflecting on the basics, such as whom you want to be in charge of administering your wishes, you may wonder if [...]

2 02, 2023

How Medicaid’s Money Follows the Person Program Aids Seniors

2023-12-27T01:24:21-05:00February 2nd, 2023|

Congress established the Medicaid Money Follows the Person (MFP) Program to provide states with federal funding to help seniors who are receiving care in institutions but want to live at home. However, it is not a permanent program and is [...]

2 02, 2023

Appointing an Executor? Here’s What an Executor Cannot Do

2023-05-25T16:35:25-04:00February 2nd, 2023|

The person you name as your executor will be accountable for a number of important tasks, even in managing the administration of a small estate. This may include filing tax returns, keeping meticulous records, and distributing assets to your beneficiaries. [...]

1 02, 2023

What Are the Benefits of Having a Testamentary Trust?

2024-06-14T05:07:29-04:00February 1st, 2023|

There are various benefits to creating a testamentary trust. This article discusses the benefits of adding a testamentary trust to your estate plan. What Is a Testamentary Trust? A testamentary trust allows a testator to manage wealth by giving a trustee [...]

31 01, 2023

Will Medicare Pay for Housekeeping Services?

2023-02-13T12:28:33-05:00January 31st, 2023|

Medicare is federal health insurance for people over 65, some younger people with disabilities, and those with end-stage renal disease. Coverage of housekeeping services under Medicare can depend on several factors. Is There Coverage for Housekeeping Under Original Medicare? Medicare is [...]

31 01, 2023

IRS Raising Annual Gift Tax and Estate Tax Exclusions in 2023

2023-01-31T16:55:05-05:00January 31st, 2023|

Although inflation is generally nothing to be pleased about, the IRS recently announced inflation-adjusted changes to the annual gift tax and estate tax exclusions for 2023. If you are considering wealth transfer tax planning, these are welcome increases. Gift Tax [...]