3 05, 2021

The Vacation Home: Uniting the Family or Tearing It Apart?

2021-05-03T12:38:25-04:00May 3rd, 2021|

Inheriting a vacation home with your siblings can be a great thing or it can cause huge problems within the family. Planning ahead can help prevent sibling disagreements.  When siblings co-own property and one sibling wants to sell, that sibling [...]

26 04, 2021

Finding the Right Hospital Bed Rental

2021-04-26T11:04:54-04:00April 26th, 2021|

If you are caring for a loved one at home, you may need to rent a hospital bed. Here are the ins and outs of hospital bed rentals.  The benefit of a hospital bed is that it adjusts to allow [...]

19 04, 2021

IRS Announces That Face Masks and Related Purchases Are Tax Deductible

2021-04-19T12:00:55-04:00April 19th, 2021|

The IRS has announced that the tax deduction for medical expenses includes amounts spent on face masks, sanitizer and other products purchased to prevent the spread of the coronavirus.  If you have significant medical expenses, you may be able to [...]

5 04, 2021

9 (Potential) Problems with Your Trust

2021-04-05T11:33:01-04:00April 5th, 2021|

All trusts should be reviewed every few years to make sure that they are up-to-date with the law and meet your current goals. Following is a checklist of trust features you can review yourself. But be aware that these only [...]

29 03, 2021

Why an Irrevocable Trust May Be Superior to Gifting

2022-09-18T08:29:13-04:00March 29th, 2021|

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 [...]

26 03, 2021

Will You Owe a Gift Tax This Year?

2024-01-26T03:11:02-05:00March 26th, 2021|

The rules surrounding taxes on gifts often create confusion during tax season or any other time. Below are some of the nuts and bolts of the gift tax, including when a gift tax form needs to be filed. What Is [...]

22 03, 2021

How the $1.9 Trillion COVID-19 Relief Bill Aids Seniors

2021-03-22T16:25:49-04:00March 22nd, 2021|

The latest COVID-19 relief bill, in addition to authorizing stimulus checks, funding vaccine distribution, and extending unemployment benefits, also provides assistance to seniors in a number of ways.  The $1.9 trillion American Rescue Plan Act (ARPA) delivers a broad swath [...]