Special needs trusts are designed to supplement, not replace, the kind of basic support provided by government programs like Medicaid and Supplemental Security Income (SSI). Special needs trusts pay for comforts and luxuries -- … [Read more...]
Long-Term Care Premium Deductibility Limits for 2008
The Internal Revenue Service has announced the 2008 limitations on the deductibility of long-term care insurance premiums from taxes. Premiums for "qualified" long-term care policies are treated as an unreimbursed medical expense. … [Read more...]
A New Year’s Resolution
It is customary to begin the New Year by tackling first those tasks that have been put off. As the holiday season winds down, why not begin the New Year by getting your estate in order? A revocable living trust might be the estate … [Read more...]
Law Brightens the Employment Picture for Those with Special Needs
The National Collaborative on Workforce and Disability has found that only 26 percent of working-age adults with disabilities are employed either in a job or their own businesses. While a combination of federal initiatives, … [Read more...]
Buffett backs Estate Tax
Billionaire Warren Buffett urged Congress to preserve the estate tax, saying that plans to repeal it would benefit a handful of the richest American families and turn the country into a "plutocracy." Buffett, the chairman of … [Read more...]
Connectedness: a Key Factor in Wanting to Remain Home
One of the common myths is that a majority of the 60+ population pack up their belongings and moves to warmer climates as they age. According to AARP’s 2006 report, "Aging, Migration, and Local Communities: The Views of 60+ … [Read more...]
Medicare’s Web Site and Rx Drug Plan Finder Improved
Last year, many people enrolling in Medicare Part D (Prescription Drug Coverage) found Medicare's Website difficult to use. Medicare recently updated its Web site, allowing greater comparisons of cost, coverage and participating … [Read more...]
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