Blog - Page 13 of 15 - Skipton Law, LLC


Long-Term Care Scorecard Finds States Have Room for Improvement

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A new report finds that states have made incremental improvements in providing long-term care, but need to make more improvements in order to meet the needs of the growing number of people who require long-term care services. According to the 2017 Long-Term Services and Supports State Scorecard, while long-term care remains unaffordable for middle class families, there … Continue reading

Be Aware of the Kiddie Tax Before Leaving an IRA to Children

16319-tax return

Grandparents may be tempted to leave an IRA to a grandchild because children have a low tax rate, but the “kiddie tax” could make doing this less beneficial. An IRA can be a great gift for a grandchild. A young person who inherits an IRA has to take minimum distributions, but because the distributions are based on … Continue reading

HUD Makes Reverse Mortgages a Little Less Attractive

reverse mortgage paper

The Department of Housing and Urban Development (HUD) has announced changes to the federal reverse mortgage program. Citing the need to put the program on better financial footing, HUD will raise reverse mortgage fees and limit the amount homeowners can borrow. A reverse mortgage allows a homeowner who is at least 62 years old to … Continue reading

Don’t Let Health Care Providers Use the Improvement Standard to Deny Medicare Coverage

Speak to one of our estate planning attorneys today.

Have you or a loved one been denied Medicare-covered services because you’re “not improving”? Many health care providers are still not aware that Medicare is required to cover skilled nursing and home care even if a patient is not showing improvement. If you are denied coverage based on this outdated standard, you have the right … Continue reading

Retirement Savings Program for Lower-Income Earners Is Ending

Call us with questions about your retirement plan.

The Trump administration is ending an Obama program that was designed to be a starter retirement savings account for low- and middle-income workers. The Trump administration’s Treasury Department determined that the program, known as myRA, was not cost effective. Similar to a Roth IRA, the myRA accounts allowed workers to invest money after tax and withdraw the … Continue reading