Monthly archives:January 2018
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6 years ago
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Included in the new tax bill, signed by President Trump on December 22, is a provision that could provide some temporary relief for families with high medical expenses.
Federal law currently allows families with medical expenses exceeding 10 percent of their adjusted gross incomes to deduct c... [read more]
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6 years ago
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Families taking advantage of ABLE savings accounts will have a little more flexibility in planning for special needs as a result of the new Tax Cuts and Jobs Act signed into law by President Trump on December 22, 2017.
As we previously discussed, ABLE accounts, created by Congress via the pas... [read more]
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6 years ago
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One question that we're often asked by clients who are parents of minor children is how they can make sure that their children are provided for in the event that they cannot do so. Our answer is that, in addition to having their own Advance Directive and Estate Planning tools in place, such as a Dur... [read more]
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6 years ago
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We are proud to announce that Zachary M. Altenbach, J.D. has joined our firm as an Associate Attorney.
Mr. Altenbach knew from an early age he wanted to pursue a career in law. He attended the University of Florida and received his Bachelor of Arts Degree in History and Political Science. As ... [read more]
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6 years ago
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Medicaid has strict asset rules that compel many applicants to "spend down" their assets before they can qualify for coverage. It is important to know what you can spend your money on without endangering Medicaid eligibility.
In order to be eligible for Medicaid, applicants must have no more ... [read more]
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6 years ago
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One question that we're often asked by clients is if they will be financially prepared for retirement. Our answer is that with proper Estate and financial planning, they can plan to meet the income necessary for the different phases of their lifetime while also considering their family's current and... [read more]
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6 years ago
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While most of the new tax law – the Tax Cuts and Jobs Act – has to do with reducing the corporate tax rate from 35 percent to 21 percent, some provisions relate to individual taxpayers. Before we get into the details, be aware that almost everything listed below sunsets after 2025, with the tax stru... [read more]
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6 years ago
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January’s pets of the month are Kali, Tig, and “E” Hickman, Attorney Alison and her husband Mike Hickman’s three cats.
Kali is a female calico that they adopted from the Safe Animal Shelter in 2012 at 7 weeks old. She lives indoors but loves to sit on the porch, look out the windows at birds,... [read more]
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6 years ago
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One question that we're often asked by parents is what happens when their child turns 18 year old and goes away to college – will they be able to access information and make decisions for their child when necessary? Do young college age children and grandchildren need to have Estate Planning documen... [read more]
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6 years ago
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If you will soon turn 65 and will be applying for Medicare, you should carefully consider which Medigap policy to enroll in because two of the most popular plans will be ending soon. In 2020, Medicare beneficiaries will no longer be able to enroll in Plans F and C.
Between copayments, deducti... [read more]
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6 years ago
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One question that we're often asked by elderly or ill clients is if he or she can create a personal service agreement to financially compensate their caregiver for the services they provide. Our answer is that a personal services contract is an excellent way to formalize this arrangement, which can ... [read more]
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6 years ago
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Next year, Social Security recipients will see a 2 percent raise in benefits, the largest increase in six years.
For Social Security Disability Insurance (SSDI) recipients, the average monthly benefit will go up from $1,170 to $1,180, not including people who are blind, for whom the monthly r... [read more]
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