VA Aid and Attendance Pension Eligibility Rules are changing. Veterans and their spouses benefit from a monthly pension called Aid and Attendance to assist with payment of long-term care expenses (e.g. care providers, assistance with activities of daily living, wound care, etc.,) provided the Veteran’s assets and income are below the cap established by the Veterans Administration.
Tax Season is upon again upon us. It can be a stressful time for anyone as it seems that there are constant updates to the tax codes and laws that make it nearly impossible for the average American to keep up with them. Fears of overpaying taxes or an IRS audit make the process all the more stressing. The following are some tips to consider as you survive the 2015 Tax Season.
Earning a college degree is growing more imperative to ensuring long term financial stability and success. Paying for this degree can be a daunting task for anyone, especially with the rising costs associated with higher education. How can we secure the educational future of our children or grandchildren? The following are some options to consider for college savings:
Many families gather together to share in this wondrous and magical time of the holiday season, but it can also be a time to address important family topics — estate planning or elder care needs. While all are together, begin Continue reading →
It comes as no surprise to anyone that action or inaction by Congress in 2012 will drastically alter the estate tax landscape. The estate tax exemption (i.e., amount of assets not subject to estate tax at your death) will go from $5 million to $1 million in 2013 if Congress does not act. Planning for this uncertainty can be challenging. The best plan for many clients is to implement a “disclaimer” plan in which the surviving spouse gets to decide how much to “disclaim” in setting up estate tax avoidance trust.