A charitable lead annuity trust (CLAT) is an estate planning tool whereby a person creates a trust that initially benefits a charitable organization, foundation, or other qualifying entity for a defined period.
Articles
What Is IRMAA? Does It Affect My Medicare Premiums?
As we near retirement, we may assume that once Medicare kicks in, our medical insurance premiums...
IRS Announces Increase in 2023 Tax Exclusions
The IRS announces three important increases for 2023 – Gift tax exlusions, estate tax exclusions, and the genertion-skipping transfer tax exemption.
Medicare Telehealth Coverage Expands
Medicare telehealth now includes access to expanded services including physical therapy, preventative screenings and post-surgury appointments.
Dynasty Trusts Used to Pass Wealth Down Through the Generations
If you want to pass money to future generations without having it subject to gift and estate taxes, then a dynasty trust may be right for you.
Nursing Home Care – Updated Guidance to Improve Quality
As part of an effort seeking to improve the health and safety of nursing home residents nationwide, the Centers for Medicare and Medicaid Services released updated guidance for state agencies.
Estranged Child and Your Estate Plan
Unfortunately, not all families get along. If you are having problems with one of your children, you may not want them to benefit from your estate. There are several strategies for dealing with an estranged child in your estate plan.
Cost of Long Term Care Sees Sharp Increase
Long-term care costs climbed again in 2021, with rates for home health aides and homemakers seeing the sharpest rises, according to Genworth’s annual Cost of Care Survey. The coronavirus pandemic continues to contribute to cost increases.