When a relative dies, downsizes or moves into assisted living, you may find yourself needing to purge a lot of personal property items. One of the most effective ways to go about this is to hold an estate sale.
The Biden Administration announced on its website recently that some changes will be made to the Direct Contracting Initiative in the Medicare program. Many have criticized the current program, but rather than terminate it altogether, the administration is changing its name to ‘Global & Professional Direct Contracting Model’ and adding certain protections against abuse.
Many elderly people in today’s society worry about the younger generations. They argue that millennials and even Gen X, Y and Z do not have the work ethic needed to be beneficial to society.
When someone dies, certain required documents must be filed with Maryland’s Orphan Court. The Register of Wills then issues what is known as Letters of Administration.
State veterans’ homes are a joint venture between state veterans’ departments and the Department of Veterans’ Affairs. Subsidies come from the state, VA and other sources. Most state homes are nursing homes for veterans, but some homes may also provide assisted living and other care.
Typically, a special needs trust is set up for someone who has certain disabilities that allows him or her to receive government benefits. To qualify for many of these benefits your net worth and income levels must remain below specified thresholds.
You often hear that you should see an estate planning attorney to help you avoid probate. Probate is known to be a legal hassle, costly and time-consuming. Most people think of post-mortem probate when they think of probate.
Many American citizens choose to live abroad. Some plan to retire abroad since the U.S. dollar can provide a better quality of life in many other countries. Regardless of your reason to leave the U.S., it is important to get all of your legal affairs in order.
The tax filing deadline is quickly approaching. Working seniors may qualify for the earned income tax credit when they file their 2021 tax returns due on Monday, April 18, 2022. The tax credit assists those with low incomes but was previously only available to those with young children.
Proper estate planning may be necessary to ensure you take full advantage of the current high exemption amounts and do not negatively impact your legacy when the exemption amount decreases. The federal exemption amount will decrease after December 31, 2025.
