Concerns over whether Social Security will survive as baby boomers age into retirement has been a growing issue on many Americans’ minds. The most recent government assessment notes that Social Security will not be able to meet the demands of its beneficiaries starting in 2035 without Congressional intervention.
A constitutional mandate requires the federal government to conduct a census every 10 years and 2020 is the next one to take place. The 2020 Census is taking a new approach. For the first time, it will be conducted almost entirely online.
In 2013, Joe Kiani founded the Patient Safety Movement after years of studying alarming statistics that revealed how many preventable deaths were occurring in hospitals. Seven years later the growing organization has almost 5000 hospitals across the nation committed to the mission of ZERO preventable deaths and as such those hospitals report over 90,000 lives saved each year.
We have written about the differences between a first-party special needs trust and a third-party special needs trust recently. With tax season upon us, we wanted to add more information pertaining to the differences in tax return requirements.
Under Maryland law, a child under the age of eighteen cannot inherit property in his or her own name. An adult must be designated to manage the assets inherited. Depending on how the inheritance occurs it will impact the manner in which it is managed on the child’s behalf.
Avoiding family feuds is often an underlying motivation in developing a fair estate plan. Some items to consider that may help prevent costly and emotionally draining litigation later.
Estate planning involves a lot more than wealth distribution and tax avoidance. Everyone over the age of eighteen needs a proper estate plan to protect current and future assets as well as safeguarding your health.
It’s tax season and we are all looking for deductions. If you are caring for your mother or father, you may be able to claim your parent as a dependent on your income taxes.
