On March 13, 2020, the Centers for Medicare and Medicaid Services (“CMS”), which regulates most skilled nursing homes, issued strict guidelines on visitation of skilled nursing facilities. Learn more before planning a visit.
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Fraudsters are getting more and more creative. It is important to understand some of the common ways these individuals try to steal your information and even your tax refund! Learn how to protect yourself from this tragedy.
In our last article we provided some ways in which you can make medical bills, nursing home care, and special needs or age related home additions and modifications work for you to save money on taxes.Here are some more ideas for tax deductions, including alternative medicine, and services for special needs care. We shall explore timing your expenses for maximum deductions as well as other entities like a special needs trust.
Are you ready for tax season? Learn about some tax tips that could put more money in your pocket! Besides the relatively familiar expenses of doctors, dentists and prescription medicines, here are some other costs that you can deduct. Part 1 in a 2 part series.
A holographic will is a handwritten will (no typing on the computer) that is valid in California if it meets certain requirements identified at California Probate Code §§6110-6111. Although it seems cost-effective to be able to simply jot down your final wishes next to that crossword puzzle you were trying to finish, there are potentially some major pitfalls. Learn more…
The benefits of having a SNT are many and taxes are only a part of it. Other benefits include the ability to keep needs-based public benefits, appropriate financial and asset management, and identifying individuals and/or corporate fiduciaries to administer the assets and advocate for the benefit of the special needs person.
Often it can be too easy to put off making an estate plan or updating an existing one. Do not wait for something unexpected to happen. Here are 5 mistakes to avoid before it’s too late.
Ensuring that you know when it important to have a formal home appraisal can help you and your family at all points of life—whether you are buying a home, or your family is administering your trust or estate at your death.
PLEASE BE AWARE if you are also receiving benefits under CalSTRS (CalPERS if you are a California government employee), then Social Security may apply either or both of the following to your Social Security benefit: Windfall Elimination Provision or Government Pension Offset.
Healthcare does not have to wreak financial havoc on your retirement if you plan properly. The first step towards financial freedom in your golden years is research. No one can hit a target they can’t see, so blind estimates about costs are futile and potentially dangerous. It’s never too late to start developing a retirement budget, and the best way to do so is to get hard numbers.