November 2017

These clients wisely wanted to make sure that their estate planning was in order before the upcoming holiday.

Message From Our Office

November is the month of Thanksgiving.  But, in addition to that, November typically starts the timeframe when people can make changes to next year's 401k, or other retirement withholdings, sign up for Medicare plans and sign up for insurance plans under the Affordable Care Act.  In addition, there may be expenses that you want to pay before year end, in order to be able to use them as deductions on your 2017 Income Tax Return.  Now is the time to start gathering that information, so you can make informed decisions and start to implement those before the end of the calendar year.    

Please note that our office will be closed Thursday, November 23rd and Friday, November 24th for the Thanksgiving holiday.  We are truly thankfull that you have chosen our office to help with all of your estate planning needs and wish you all a wonderful Thanksgiving filled with family, friends and a lot of good food.

GOP Tax Plan Could Deal Blow to Seniors Paying for Long-Term Care

The tax plan put forward by the Republican-led House of Representatives would eliminate many current deductions, and getting rid of one of them in particular could deal a serious financial blow to seniors and individuals with disabilities.

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What To Do When a Loved One Passes Away

Whether your spouse has just passed away or you have lost your mom or dad, the emotional trauma of losing a loved one often comes with a bewildering array of financial and legal issues demanding attention.

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Social Security Beneficiaries Will Receive a 2 Percent Increase in 2018

In 2018, Social Security recipients will get their largest cost of living increase in benefits since 2012, but the additional income will likely be largely eaten up by higher Medicare Part B premiums.


IRS Issues Long-Term Care Premium Deductibility Limits for 2018

The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2018 income as a result of buying long-term care insurance.

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Use Your Will to Dictate How to Pay Your Debts

The main purpose of a will is to direct where your assets will go after you die, but it can also be used to instruct your heirs how to pay money that you owe.

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New Yorker Article Highlights Abuses in the Guardianship System

Serious problems with the public guardianship system in the United States can lead to elder abuse, according to an in-depth article in The New Yorker. 

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