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Category: Wills

The New Tax Law Means It’s Time Review Your Estate Plan

The New Tax Law Means It’s Time Review Your Estate Plan

While the new tax law doubles the federal estate tax exemption, meaning the vast majority of estates will not have to pay any federal estate tax, it doesn’t mean you should ignore its impact on your estate plan. In December 2017, Republicans in Congress and President Trump doubled the federal estate tax exemption to $11.18 million … Continue reading

Fear of Losing Home to Medicaid Contributed to Elder Abuse Case

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A California daughter and granddaughter’s fear of losing their home to Medicaid may have contributed to a severe case of elder abuse. If the pair had consulted with an elder law attorney, they might have figured out a way to get their mother the care she needed and also protect their house. Amanda Havens was … Continue reading

Don’t Wait Too Long to Purchase Long-Term Care Insurance

Don’t Wait Too Long to Purchase Long-Term Care Insurance

The older you get, the harder it is to qualify for long-term care insurance. If you are interested in buying this insurance, it is better to act sooner rather than later. Many people put off purchasing long-term care insurance until they need it, but by then, it may be too late. Not only do premiums … Continue reading

Proposed New Medicare Payment System May Affect Beneficiaries

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The Trump administration is proposing a new flat rate reimbursement system for doctors who treat Medicare patients. Some worry that the plan may reduce payments to specialists and cause fewer doctors to accept Medicare patients. The Centers for Medicare and Medicaid Services (CMS) says the proposed changes are designed to reduce paperwork by combining four … Continue reading

Where’s My New Medicare Card? How to Find Out the Status

Read more to learn about how to find out about your Medicaid card's status.

The federal government has begun mailing new Medicare cards to 59 million Americans. You should keep track of when your new card will arrive and contact Medicare if you don’t receive it. To prevent fraud and fight identity theft, the federal government is issuing new cards to all Medicare beneficiaries that will no longer have … Continue reading

Problems With Guardianship System Is Focus of John Oliver Show

Read our blog to learn more about guardianship rights.

John Oliver recently highlighted problems with the guardianship system on his HBO show, Last Week Tonight with John Oliver. The comedian provided a scary and funny explanation of how guardianship works, ending with a public service announcement by William Shatner, Lily Tomlin and others explaining steps you can take to avoid the guardianship. The show focuses … Continue reading

Court Overturns Obama Rule Protecting Investors Saving for Retirement

Recent Obama era rule has been overturned.

A U.S. court of appeal has struck down a Department of Labor (DOL) rule that was intended to prevent financial advisers from steering their clients to bad retirement investments, but the Securities and Exchange Commission (SEC) has proposed new regulations to at least partially address the same problem. Prompted by concern that many financial advisors … Continue reading

The Little-Known Tax on Roth 401(k) Distributions

Contributions to a traditional 401(k) are made pre-tax

401(k) over a traditional 401(k) after retirement is that distributions from a Roth 401(k) are tax-free, but there is a little-known situation where distributions can be taxed. Contributions to a traditional 401(k) are made pre-tax, so while it reduces your taxable income in the year you contribute to it, you have to pay taxes on … Continue reading

Finding the Best Retirement Calculators

Finding the Best Retirement Calculators

Figuring out how much to save for retirement and when you can safely stop working can be difficult. A growing number of online retirement calculators, many of them free, are available to help. Although these calculators can yield vastly different results, they can still be useful tools. Based on information about you and your finances, … Continue reading

Long-Term Care Insurance Policyholder Wins Suit Against Company for Hiking Premiums

Read our blog to learn more about this lawsuit.

A long-term care policyholder has successfully sued her insurance company for breach of contract after the company raised her premiums. At age 56, Margery Newman bought a long-term care insurance policy from Metropolitan Life Insurance Company. She chose an option called “Reduced-Pay at 65” in which she paid higher premiums until she reached age 65, when the … Continue reading