Are you considering giving gifts of money to loved ones this holiday season? Did you know that monetary gifts can impact Medicaid eligibility? In fact, if you needed to apply for Medicaid in the next five years, did you know that this could have significant consequences? If you answered yes to the previous questions, be aware...

Have you heard proposed changes to the capital gains tax rate buzzing around the retirement planning world? If you are already a senior citizen and are depending on your retirement savings to fund the rest of your retirement, you may want to consider following these four tips that seniors will need if the capital gains tax...

Have you heard that the Biden administration has proposed several major changes to the federal estate tax? These include raising the capital gains tax rate for the highest earners to match ordinary income tax rates and removing the step-up basis provision that previously allowed heirs who inherited assets to avoid capital gains tax on any asset...

Have you heard of the proposed tax changes on the horizon with long term capital gains tax rates being a big focal point? Currently, the top capital gains tax rate is 23.8%. This number is reached by adding the 20% top capital gains tax rate and a 3.8% surcharge on the highest earners intended to fund...

When your aging parent needs nursing home care, although it can be difficult, it may also come as a relief if you have struggled to provide the necessary care on your own and it just may not be enough anymore. Do you understand, however, the cost structure of nursing home care and how you can help...

In the early stages of Parkinson’s, families may often be able to care for a loved one at home. As Parkinson’s progresses, however, it can become more debilitating with increasing tremors and decreasing mobility, often requiring the use of a walker or wheelchair and unfortunately, sometimes leaving a person bedridden. With the loss of mobility, risk...

Most college kids would rather think about their social lives or academic performance than an estate plan. Have you considered as a parent, however, that failing to secure healthcare estate documents before returning to school in the fall could derail their college experience, or worse? Whether protecting against a random accident or the recent surge in...

Did you know that Individual Retirement Accounts are outstanding tools for a broad range of Americans to prepare for their post-working years? They are not, however, without drawbacks. Understanding the pros and cons of these popular investments can help account holders decide whether to contribute more during this year’s extended deadline. Due to the COVID-19 crisis,...

In December of 2017, President Trump signed a tax reform bill into law. The Tax Cuts and Jobs Act generated a lot of excitement for provisions that reduced taxes and greatly increased the estate tax exemption. This new law also provided a significant benefit to small business owners – the 20% small business deduction. However, there...

President Trump signed the Tax Cuts and Jobs Act into law on December 22, 2017. Tax reform offered sweeping changes for the individual taxpayer and business entity, like a limited liability company (LLC). Limited Liability Companies (LLC) Are Popular, Now More Than Ever For years now, the limited liability company has been one of the most...