Not everyone needs their required minimum distributions from their retirement accounts to make ends meet. If you don’t need your distribution, one option is to donate it to charity and not pay taxes on it.
Comparing Nursing Home Staff Gets Easier
May 31, 2022 | Elder Care
The Centers for Medicare and Medicaid Services announced that it will add data on staff turnover rates and weekend staffing levels to its Care Compare website, giving consumers another tool when choosing a nursing home.
2026 Estate Tax Exemption to be Cut
May 23, 2022 | Estate Gifting, Estate Planning
The estate and gift tax exemption is set to be cut in half in 2026. Proper planning may be necessary to make sure you are taking full advantage of the current exemption.
What to Do When Appointed Conservator of an Adult
May 18, 2022 | Conservatorship, Elder Care
Being appointed conservator of a loved one is a serious responsibility. As a conservator, you are...
What is a Grantor vs Non-Grantor Trust?
May 2, 2022 | Estate Planning
One of the many factors to consider when setting up a trust is whether to make it a grantor trust or a non-grantor trust. While a grantor trust is more common, a non-grantor trust can be useful in certain circumstances.
What to Do if Your Medicaid Application Is Denied
Apr 25, 2022 | Elder Care
If you apply for long-term care assistance through Medicaid and your application is denied, it may feel hopeless. The good news is that you can appeal the decision.
Why Small Business Owners Need an Estate Plan
Apr 18, 2022 | Business Planning
Succession planning for small businesses can avoid problems for your business and your family. Consider tax planning, trusts, buy-sell agreements, and life insurance. Estate planning includes review of wills, powers of attorney, and medical directives.
The Tax Consequences of Selling a House After the Death of a Spouse
Apr 12, 2022 | Estate Planning
If your spouse dies, you may have to decide whether or when to sell your house. There are some tax considerations that go into that decision.