The growing problem of adult guardianship abuse is giving rise to calls for reform, as vulnerable elderly people caught up in this system sometimes end up being harmed and exploited by the very process that’s supposed to protect them.
Although life insurance proceeds may be tax free for income purposes, they could result in significant estate taxes if they push your gross estate value over the state or federal exemption amount.
Family business owners may want to revisit their estate plan and consider gifting before the new year if the proposed IRC 2704 regulations are finalized as expected this December.
Did you know that 40 percent of people over age 65 haven’t written down their wishes regarding life support and other end-of-life treatment?
Spendthrift trusts are commonly used to protect a family’s assets. Below is just one story that illustrates how powerful these trusts can be and the underlying complexity surrounding this area of law.
If someone has named you as an agent under a durable power of attorney, you’ll be allowed to handle that person’s finances. But before you agree to take on this role, some background information may be helpful.
Congress has revived a law that lets you make charitable donations directly from your IRA, which might provide you with some significant tax advantages.
Medicaid’s look-back period can be confusing, but it’s important because it can have a very significant effect on your ability to pay for long-term care.
You might think that estate planning would be easy when couples don’t have children. In fact, it can sometimes be more difficult – and also more important.
If you’re on a Medicare prescription drug plan then you may be surprised when your prescription drug is no longer available. Fortunately, you do have rights that provide you with additional time to consider alternatives.