by Christine | Aug 24, 2011 | Elder Law, Long Term Care Insurance |
With long-term care insurance policies, the costs of assisted living facilities, in-home care and private nursing homes are covered. And, in many cases, these policies offer inflation protection, too. But since not many eligible consumers are signing up for policies,...
by Christine | Aug 23, 2011 | Conservatorships, Elder Law |
Here’s what’s important: it doesn’t matter if you have a diagnosis for your aging parent or not. It matters how your aging parent functions. It matters how you deal with what you see. Dementia and Alzheimer’s are becoming increasingly common, but even if we are...
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...
