Medicaid can be a valuable resource in paying for a stay in an care facility, but there are financial eligibility rules for various assets that make applying for Medicaid complicated. Life insurance is one type of asset that can affect Medicaid eligibility under...
The IRS recently reported that email-based tax scams, i.e. phishing or malware, increased by over 400 percent last year. A “phishing” attack is when you receive an imitation email from someone posing as a trusted institution or person that tries to either ask you for...
If you are considering making a significant charitable donation, making a direct gift of appreciated stock or mutual fund shares may be a great way to avoid capital gains taxes, maximize your charitable giving income tax deduction, and maximize the value of your...
While different people have different preferences, there are a number of factors that affect a person’s quality of life as they get older whether they live at home, with younger relatives, or in a care facility. Perhaps the most important factor that improves a...
While the idea of do-it-yourself estate planning may be tempting, the risks of things going wrong more than outweigh any potential savings. What may seem like a reasonable estate plan at the present moment may end up becoming unreasonable over time. If a person...
One modern aspect of estate planning that can get overlooked is what happens to a person’s online accounts after they die. If left unmentioned in your estate planning documents, a person’s executor, spouse, or other beneficiary may be unable to access a decedent’s...
