28 02, 2023

What to Do When Medicare Denies Coverage

2023-02-28T16:57:36-05:00February 28th, 2023|

When Medicare declines to cover your medical needs, the denial can leave you with an expensive medical bill. If Medicare refuses to cover your care, do not assume this means you will have to take on the financial burden. As [...]

28 02, 2023

Support a Charity – and Your Loved Ones – With a CLAT

2023-02-28T16:51:52-05:00February 28th, 2023|

A charitable lead annuity trust (CLAT) is an estate planning tool whereby a person (grantor) creates a trust that initially benefits a charitable organization, foundation, or other qualifying entity for a defined period. After this time ends, the CLAT’s remaining [...]

27 02, 2023

Estate Planning Basics: What Is a Beneficiary to a Will?

2023-02-26T08:57:43-05:00February 27th, 2023|

People create wills to establish what happens to their money and assets when they pass away. In these estate planning documents, they can name beneficiaries – individuals who will receive money, other assets, or specific bequests like sentimental items upon [...]

24 02, 2023

Medicaid Funeral Assistance May Help Pay for Funeral Costs

2023-02-24T02:45:43-05:00February 24th, 2023|

It is an unpleasant thought, but death is a reality we all must face. One way to cope with the loss of a loved one is to be prepared for their final send-off. Funerals are expensive. For Medicaid recipients and [...]

20 02, 2023

What Does Having Power of Attorney With Dual Agents Mean?

2023-02-20T02:33:35-05:00February 20th, 2023|

A power of attorney is among one of the most important incapacity planning documents you can have. It designates someone you trust with taking care of your affairs if you become unable to do so. In a power of attorney, you [...]

17 02, 2023

Estate Planning: 3 Things to Know About Being an Executor

2023-02-17T02:52:14-05:00February 17th, 2023|

An executor is a person or entity you choose to carry out your last wishes outlined in your will. Your executor should be someone you trust is responsible enough to manage your estate after you pass away. Choosing an executor [...]

14 02, 2023

Totten Trust Can Protect Your Money for Your Loved Ones

2023-02-14T16:54:06-05:00February 14th, 2023|

Totten trusts, or payable-on-death (POD) bank accounts, are an estate planning tool that allows you to transfer money to a chosen person upon your death. When you make a Totten trust, you put funds into a revocable trust and designate a [...]

11 02, 2023

What You Should Know About Required Minimum Distributions

2023-02-11T16:53:21-05:00February 11th, 2023|

Required Minimum Distributions (RMDs) are the minimum amounts a retirement plan account owner must take out each year. Legislation known as the SECURE 2.0 Act, passed in late 2022, has changed prior rules related to RMDs. Effective January 1, 2023, RMDs begin when [...]

11 02, 2023

IRS: You Can Contribute More to Retirement Starting in 2023

2023-02-10T02:41:48-05:00February 11th, 2023|

In October 2022, the Internal Revenue Service (IRS) announced contribution limitation adjustments for employee retirement plans in response to inflation. The IRS issued Notice 2022-55, which describes cost-of-living adjustments for retirement and pension plans. The changes are effective January 1, 2023. [...]

10 02, 2023

Study Names Factors in Severest Nursing Home COVID Outbreaks

2023-02-10T02:39:11-05:00February 10th, 2023|

Early on in the pandemic, nursing homes across the country found themselves at its devastating bull’s eye, with residents and staff of these facilities making up roughly 30 percent of all COVID-19 deaths in the U.S. between May 2020 and February 2021. [...]