by Christine | Aug 22, 2011 | Elder Law, Medi-Cal Long Term Care |
Nursing home residents may soon face higher costs and reduced services, as planned Medicare spending cuts take effect this fall. The last few months have been a wild ride on multiple levels, to include concerns over Medicare and the “debt crisis.” While many more...
by Christine | Aug 19, 2011 | Medi-Cal Long Term Care, Tax Planning |
The bottom line, however, is that the IRS is watching, and you should be very careful and get good tax and legal advice before you make that gift. As many have written, 2011 and 2012 just might be great years for gifting, but that doesn’t mean there aren’t...
by Christine | Aug 18, 2011 | Probate, Trust Administration |
On August 5, 2011, the IRS published long-awaited guidance for executors of estates of people who died in 2010. Notice 2011-66 explains how these executors can opt out of the estate tax, and Revenue Procedure 2011-41 explains the special tax rules that apply to assets...
by Christine | Aug 17, 2011 | Estate Planning, Retirement Planning |
If there’s any lesson to be learned from the recent debacle in Washington, D.C., it’s this: Don’t run your personal finances the way the U.S. government does. “Don’t live beyond your means, and don’t increase your debt levels, especially when heading into retirement,”...
by Christine | Aug 15, 2011 | Medi-Cal Long Term Care |
A California appeals court holds that a woman who purchased an endowment life insurance contract that repaid her premium and dividends during her lifetime and did not pay a death benefit is not entitled to Medi-Cal because the contract is not a life insurance policy....
