Medicare beneficiaries across the country will soon find letters in their mailboxes from the Social Security Administration (SSA) alerting them to programs that could help pay their out-of-pocket health care expenses. This year, more than 2.2 million people will receive the letters. With so many scams swirling around the release of the new Medicare cards…
In 2016 The Combat-Injured Veterans Tax Fairness Act was passed. This affects veterans who received disability severance payments after January 17, 1991, and included that payment as income. The DOD is just beginning to send out letters to veterans, but what should you know before filing? There is a time limit on filing for the…
The NEW rules go into effect on October 18th of this year. Included in the rule changes is a 36 month look-back period. What does this mean to the clients that have already signed and turned in their VA Pension application and to the clients that have yet to do so? Clients that have already…
The experience of finding a companion is exciting to most at any age. To someone that has lost a spouse, or has never thought about marriage until retirement age, it can be an exciting time that they didn’t expect in their later life. 50% of retired Seniors are remarrying or getting married for the first…
Even though most of your clients think of their furry friend as one of the family, they are often overlooked when going through the estate planning process. They think of them as a companion, but how does probate see them? Legally pets are classified as property, therefore have to be listed as such. When starting…
Should an estate planner fail to make certain considerations, not only can they undermine their practice’s integrity but also jeopardize a beneficiary’s financial security. How do you avoid these common mistakes when drafting trusts for minors? 1. Not choosing the right trustee We all know that our clients would rather not spend too much time…
