Congress Passes Special Needs Trust Fairness Act

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On December 7th the US Senate approved the Special Needs Trust Fairness Act. The legislation, included as Section 5007 of the 21st Century Cures Act, now goes to the President for his signature. The President has indicated he will sign it into law. The Act corrects an error in existing law that has created needless delay […]

Uncertain Future for Federal “Death Tax”

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The IRS has released the annual inflation adjustment amounts and tax rate schedules that will apply in 2017. Included are the new gift and estate tax exclusion amounts for 2017. The new inflation adjusted numbers are available in Revenue Procedure 2016-55. They apply generally to transactions or events occurring in calendar year 2017. Estate and […]

Health Care Decision Making and the CARE Act

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Many of us like to believe that we could not have a health crisis. However, statistics from the Centers for Disease Control prove otherwise. Every year in the United States 525,000 people will have their first heart attack and 620,000 people will have their first stroke.[1] While none of us can predict the future, we […]

Medicare Part B: How Much will you Pay in 2017

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Medicare Overview Medicare is the federal health insurance program that covers people 65 and older and some younger adults with permanent disabilities and certain medical conditions. When Medicare was established in 1965 about half of American seniors had no health insurance. Today, virtually all Americans over age 65 have at least some health coverage through […]

My Experience of “Everyday” Financial Elder Abuse

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We often hear stories in the news about the elderly being financially abused by unrelated parties. We read about the phone calls from fake technical support companies, people calling pretending to be the IRS, and e-mails from imposters pretending to be grandchildren in trouble. But, we cannot forget that elder abuse is occurring everyday by […]