Per Stirpes vs Per Capita: What Do These Mean in a Will?
When creating an estate plan, the main decision is how your assets will be distributed after you pass away. Understanding "per stirpes" and "per capita" distribution is key to that decision.
Tax Break Helps Pay for CCRC Fees
Continuing Care Retirement Communities (CCRCs) - which offer the entire continuum of care under one roof - are an appealing retirement housing option, but they can be very expensive.
Elder Law: How Gifts Can Affect Medicaid Eligibility
If you think you might someday want to apply for Medicaid long-term care benefits, you need to be careful about giving away money or property.
Can Money Buy Happiness? Actually, It Depends
Does having more money lead to greater happiness? The effect income has on happiness can vary greatly depending on factors such as how much money one already has, cultural attitudes, and individual priorities.
IRS: Request an IP PIN to Protect Against Identity Theft
With identity theft and taxpayer fraud on the rise, the Internal Revenue Service (IRS) is encouraging taxpayers to take extra caution when filing tax returns.
Medicare Part A and B Costs to Rise Again in 2025
The Centers for Medicare & Medicaid Services (CMS) has issued the 2025 figures for Medicare. As in 2024, these health care costs are going up across the board.
The Great Wealth Transfer: Managing Your Inheritance Wisely
Inherited wealth can provide opportunities that weren't previously available, such as early retirement, investment opportunities, or funding for personal passions. However, it can also come with complexities that require careful planning and decision-making. Here's a guide to approaching and managing an inheritance wisely.
Medicare Coverage for Telehealth Services in 2025 and Beyond
The future of Medicare-reimbursed telehealth services will largely be shaped by ongoing legislative efforts. Congress has introduced several bills aimed at extending many of the temporary telehealth expansions or making them permanent.
The Older Americans Act Is Up for Renewal: Why That Matters
The Older Americans Act seeks to promote the well-being, dignity, and independence of older Americans. By providing billions of dollars in funding for essential services, the OAA helps seniors live in their homes and communities for as long as possible.
Use an Irrevocable Life Insurance Trust to Reduce Estate Tax
The federal estate tax exemption only affects significant estates. If your property and investments exceed 12.92 million in 2023, find ways to minimize taxes, like setting up an irrevocable life insurance trust.