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.
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.
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.
With the ongoing concerns related to Coivd-19, many spouses and individuals have thought their estate planning documents. If you have already done the work to make an estate plan, now may be a good time to revisit it to ensure that you still feel the same way about what you put into your documents several years ago.
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.
Having an estate plan is critical to ensuring the right people are in place should you ever be unable to take care of your needs.
Copyright 2021 Bryant Elder Law. All Rights Reserved