Here is another of the “ask the expert” questions featured at www.eldercarematters.com.
Posts Categorized: Asset Preservation
This is another of the featured questions I authored for www.eldercarematters.com. I was given the honor of being named their inaugural national elder care expert of the week.
Long-Term Care planning can be both daunting and difficult. There are many traps for the unwary, but there are also some very good resources available to assist in the process of choosing the right approach.
PACE is a little-known program that may offer promising alternatives for elder care.
The start of the new year ushers in a series of regulatory, compliance, and tax changes that could potentially affect your small business.
From The Wall Street Journal (12/26/10) “The 2011 Economic Outlook – and What it Means for You”: anyone expecting those (tax) gifts from Washington to lift the cloud of uncertainty hanging over the U.S. economy will be disappointed. If anything, the outlook is hazier than ever.
Estate tax exclusion “portability” is a nice idea, but dangerous if you don’t understand its implications.
An important piece of the new tax act is the extension of a great way to make charitable gifts through your IRA. The only catch is you have to be 70-1/2 or older to take advantage of it.
Now we know what the gift, estate, and generation-skipping transfer tax rules will be–for the next two years, as Congress passes the “tax relief” bill that we have been hearing so much about. There may be good reason to breathe a sigh of relief, but not to put off estate planning.
Being named as a Trustee is a great honor. It is an even greater responsibility. There are some things you should think about before you accept the role.