January 2025

Medicaid Applicants: Protecting Your Healthy Spouse in 2025

Each year, the feds issue updated guidelines outlining how much of a couple's assets a healthy spouse can keep while their Medicaid spouse gets the long-term care support they need.

Unpaid Family Caregiving Is Worth a Six-Figure Salary

As the population ages, the number of people affected by Alzheimer's disease and other forms of dementia continues to rise. For family caregivers, this role comes at a substantial cost.

Estate Planning for a Vacation Home

If you are fortunate enough to own a vacation home, you need to figure out what will happen to it after you are gone.

Love Your Pet Day: Estate Planning and Your Companion Animal

Did you know that February 20 marks National Love Your Pet Day each year? You might consider it the perfect occasion to ensure they will have the care they need into the future.

Avoiding 4 Main Obstacles to Digital-Era Estate Planning

Understanding which digital accounts you can legally leave to your loved ones is crucial. However, legally gaining access to digital assets can present challenges for anyone other than the original owner.

Deducting Long-Term Care Insurance Premiums in 2025

Research shows that nearly 70% of seniors will require long-term care at some point in their later years. Although it does add another expense to one's life, long-term care insurance can be helpful.

A Comparison of Special Needs Trusts and ABLE Accounts

Every family has different needs and circumstances when assessing whether a special needs trust or ABLE account is the better option for their loved one with disabilities.

Deposit Up to $19,000 in Your ABLE Account in 2025

The annual contribution limit for an ABLE account each year typically goes up in line with the annual gift tax exemption.

Estate Planning for Parents of Children With Mental Illness

Planning for the future of a child with mental illness involves careful consideration of their unique needs and circumstances.

Have a Disability? Avoid IRA Early Withdrawal Penalties

The early withdrawal penalty has been very effective at forcing retirement plan owners to keep money in their retirement accounts, but if a retirement account owner becomes disabled, the IRS will waive the 10 percent early withdrawal penalty.