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Julian Gray Associates
954 Greentree Road
Pittsburgh, PA 15220
412-458-6000

Elder Law and Special Needs News

December 2019

 To Clients, Colleagues and Friends:

In order for us to spend time with our families over the holidays, our office will be closed the week of December 23rd and will reopen on Thursday, January 2nd, 2020.

We wish you and your family Happy Holidays and all the best in 2020!

Featured Articles
The Holidays are a Great Time to Lay the Ground Work for Creating or Updating your Estate Plan
December is the month where everyone begins considering their New Year’s Resolutions.  In addition to going to the gym more often, also create an estate plan that will promote efficiency and protection for you and your family.
Medicare Premiums to Increase By Almost $10 a Month in 2020
After small or no increases the past couple of years, Medicare’s Part B premium will rise sharply in 2020. The basic monthly premium will increase $9.10, from $135.50 a month to $144.60.

What's In The News
Medicaid's Treatment of the Home
Nursing home residents do not automatically have to sell their homes in order to qualify for Medicaid, but that doesn't mean the house is completely protected.
Should 529 Funds Be Transferred to an ABLE Account?

Due to recent tax law changes, families with special needs children may be thinking about rolling existing 529 funds into ABLE accounts. But before you do, make sure you understand how these two accounts work and how they differ.
IRS Issues Long-Term Care Premium Deductibility Limits for 2020
The Internal Revenue Service (IRS) has announced the amount taxpayers can deduct from their 2020 income as a result of buying long-term care insurance.

Topics Recently Covered of the Julian Gray Podcast!

"Ask Julian: The Legal Show"

* Probate - How does it work and how to avoid it
* What is an Elder Law Attorney
 * Disability Planning: Where to get Help and What are the Warning Signs
* How Does an Asset Protection Trust Work?

Click Here to Listen to "Ask Julian: The Legal Show"!

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