February 2020 Newsletter

Kaeble Law LLC

14142 Denver West Parkway
Suite 287
Lakewood, CO 80401
(303) 877-8921
www.coloradoestatesolutions.com
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The new year is already speeding by.  You are not alone if January passed you by without so much as a thought.  It won't be long before spring is here, and everyone will be planning their spring activities.  

It is never too late to make certain that you have a solid estate plan in place for you and your loved ones.  If you have been thinking about making changes to your estate plan, please feel free to contact our office at 303.877.8921, and we would be happy to schedule an appointment for you to discuss any changes you may be considering.  

Hopefully, everyone has had an opportunity to read the Special Edition of our newsletter that was sent out on December 31,2019 regarding the SECURE Act and how it may affect your estate plan. If you have any questions about whether your estate plan may be affected by the SECURE Act, please contact our office at 303.877.8921, and we will schedule a phone conference for you to visit with Kathryn.  

Following are several articles that I found of interest; I hope you do as well.  Please feel free to share an article or two or the entire newsletter with family and friends.  

FEATURED ARTICLE
Free Tax Preparation Help Is Available to Seniors
Most low- and middle-income Americans qualify for free online tax preparation software, but do not take advantage of it. And anyone over age 60 can use the IRS’s Tax Counseling for the Elderly program.

Medicaid Protections for the Healthy Spouse
Medicaid law provides special protections for the spouses of Medicaid applicants to make sure the spouses have the minimum support needed to continue to live in the community.
Medicare Now Covers Outpatient Treatment for Opioid Addiction
Recognizing the huge problems caused by opioid addiction in the United States, Medicare is adding a new outpatient opioid treatment benefit, paying for methadone and related treatment in certain facilities under Part B.
Caregivers Are Getting Younger, Making Planning for Long-Term Care Even More Important
As baby boomers age, more and more millennials are becoming caregivers. Many are taking on this role while just getting started in their own lives, leading to difficult decisions about priorities. Proper planning can help them navigate this terrain.
New Retirement Law Changes Special Needs Planning

As 2019 drew to a close, Congress passed a spending bill that includes significant changes to retirement savings accounts. For families with special needs members, these changes will have an impact on estate planning.
Congress Reverses Recent Changes to the Kiddie Tax

The same end-of-year bill that made major changes to retirement savings accounts also includes significant tax changes for people with assets in a special needs trust for a minor.
Social Security Payments Rise Slightly for 2020

This year's cost-of-living increase for Supplemental Security Income and Social Security Disability Insurance recipients is just 1.6 percent, a sharp drop from last year's 2.8 percent increase. 

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