WHAT'S NEW?
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The following article was revised on
o Pennsylvania inheritance tax. The reference in this article to the federal estate exemption was updated.
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The following articles were revised or added on
o Making Gifts. Revisions were made to reflect that the annual gift tax exclusion remains at $12,000 for gifts made in calendar year 2008.
o
Paying for Nursing
Care--Protecting Assets. Revisions were made to reflect an increase in the
"spousal share" or community spouse resource allowance (“CSRA”) for 2008. The 2008 minimum amount in
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
maximum monthly maintenance needs allowance (“MMMNA”)
to $2,610 effective
o Reducing Federal Estate Taxes. Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) remains at $2 million for deaths in 2008.
o Who Should Own Your Life Insurance? Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) remains at $2 million for deaths in 2008.
o Life Insurance Trusts. Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) remains at $2 million for deaths in 2008.
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The following
articles were revised on
o 2008 Social Security Increases. This article was revised to reflect the year 2008 Social Security cost of living adjustments.
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
minimum monthly maintenance needs allowance from $1,650 per month to $1,712
effective
o Robert Clofine's resume was updated to reflect recent lectures.
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The following
changes were made on
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
personal needs allowance from $40 to $45 effective
o Robert Clofine's resume was updated to reflect recent lectures and to note his selection as one of The Best Lawyers in America in the field of Elder Law (Copyright 2006 by Woodward/White, Inc., of Aiken, S.C.) and as a Super Lawyer in the field of Elder Law for 2005-2007.
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The following articles were revised or added on
o Health Care Decision Making. A new article discussing
o Preserving Your Home. A revision was made to reflect the $500,000 home equity limit imposed by the Deficit Reduction Act of 2005.
o Making Gifts. Revisions were made to reflect that the annual gift tax exclusion remains at $12,000 for gifts made in calendar year 2007.
o
Paying for Nursing
Care--Protecting Assets. Revisions were made to reflect an increase in the
"spousal share" for 2007. The 2007 minimum amount in
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
maximum monthly maintenance needs allowance to $2,541 effective
o Reducing Federal Estate Taxes. Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) remains at $2 million for deaths in 2007.
o Who Should Own Your Life Insurance? Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) remains at $2 million for deaths in 2007.
o Life Insurance Trusts. Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) remains at $2 million for deaths in 2007.
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The following
articles were revised on
o 2007 Social Security Increases. This article was revised to reflect the year 2007 Social Security cost of living adjustments.
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
minimum monthly maintenance needs allowance from $1,604 per month to $1,650
effective
o Robert Clofine's resume was updated to reflect recent lectures.
Ø
The following articles were revised on
o Making Gifts. Revisions were made to reflect that the annual gift tax exclusion increases to $12,000 for gifts made in calendar year 2006.
o
Paying for Nursing
Care--Protecting Assets. Revisions were made to reflect an increase in the
"spousal share" for 2006. The 2006 minimum amount in
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
maximum monthly maintenance needs allowance to $2,489 effective
o Reducing Federal Estate Taxes. Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) increases to $2 million for deaths in 2006.
o Who Should Own Your Life Insurance? Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) increases to $2 million for deaths in 2006.
o Life Insurance Trusts. Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) increases to $2 million for deaths in 2006.
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The following
article was revised on
o 2006 Social Security Increases. This article was revised to reflect the year 2006 Social Security cost of living adjustments.
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The following
articles were revised on
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the minimum
monthly maintenance needs allowance from $1,562 per month to $1,604 effective
o Robert Clofine's resume was updated to reflect recent lectures.
Ø
The following articles were revised on
o Making Gifts. Revisions were made to reflect that the annual gift tax exclusion remains at $11,000 for gifts made in calendar year 2005.
o
Paying for Nursing
Care--Protecting Assets. Revisions were made to reflect an increase in the
"spousal share" for 2005. The 2005 minimum amount in
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
maximum monthly maintenance needs allowance to $2,378 effective
o Reducing Federal Estate Taxes. Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) remains at $1.5 million for deaths in 2005.
o Who Should Own Your Life Insurance? Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) remains at $1.5 million for deaths in 2005.
o Life Insurance Trusts. Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) remains at $1.5 million for deaths in 2005.
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The following
article was revised on
o 2005 Social Security Increases. This article was revised to reflect the year 2005 Social Security cost of living adjustments.
Ø
The following
articles were revised on
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
minimum monthly maintenance needs allowance from $1,515 per month to $1,562
effective
o Robert Clofine's resume was updated to reflect his election as Chairperson of the Elder Law Section of the Pennsylvania Bar Association and to reflect recent lectures.
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The following articles were revised on
o Making Gifts. Revisions were made to reflect that the annual gift tax exclusion remains at $11,000 for gifts made in calendar year 2004.
o
Paying for Nursing
Care--Protecting Assets. Revisions were made to reflect an increase in the
"spousal share" for 2004. The 2004 minimum amount in
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
maximum monthly maintenance needs allowance to $2,319 effective
o Reducing Federal Estate Taxes. Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) increases to $1.5 million for deaths in 2004.
o Who Should Own Your Life Insurance? Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) increases to $1.5 million for deaths in 2004.
o Life Insurance Trusts. Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) increases to $1.5 million for deaths in 2004.
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The following
article was revised on
o 2004 Social Security Increases. This article was revised to reflect the year 2004 Social Security cost of living adjustments.
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The following
articles were revised on
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
minimum monthly maintenance needs allowance from $1,493 per month to $1,515
effective
o
Medicaid Gifts. This
article was revised to reflect an increase in the average monthly cost of
nursing home care in
o Robert Clofine's resume was updated to reflect recent lectures.
Ø
The following articles were revised on
o Making Gifts. Revisions were made to reflect that the annual gift tax exclusion remains at $11,000 for gifts made in calendar year 2003.
o
Paying for Nursing
Care--Protecting Assets. Revisions were made to reflect an increase in the
"spousal share" for 2003. The 2003 minimum amount in
o
Paying for Nursing Home Care--Protecting
Income. A revision was made to reflect an increase in the maximum monthly
maintenance needs allowance to $2,267 effective
o Reducing Federal Estate Taxes. Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) remains at $1 million for deaths in 2003.
o Who Should Own Your Life Insurance? Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) remains at $1 million for deaths in 2003.
o Life Insurance Trusts. Revisions were made to reflect that the federal estate tax exemption (applicable credit amount) remains at $1 million for deaths in 2003.
o Robert Clofine's resume was updated to reflect recent lectures.
Ø
The following
article was revised on
o 2003 Social Security Increases. This article was revised to reflect the year 2003 Social Security cost of living adjustments.
Ø
The following
articles were revised on
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
minimum monthly maintenance needs allowance from $1,452 per month to $1,493
effective
o
Medicaid Gifts. This
article was revised to reflect an increase in the average monthly cost of
nursing home care in
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The following articles were revised on
o
IRAs-The Beneficiary's
Options. Revisions were made to reflect the final minimum distribution rules
issued by the Internal Revenue Service on
o
IRA-Required Minimum
Distributions. Revisions were made to reflect the final minimum
distribution rules issued by the Internal Revenue Service on
o Making Gifts. Revisions were made to reflect an increase in the annual gift tax exclusion to $11,000 for 2002 (up from $10,000 in 2001 and prior years).
o
Paying for Nursing
Care--Protecting Assets. Revisions were made to reflect an increase in the
"spousal share" for 2002. The 2002 minimum amount in
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
maximum monthly maintenance needs allowance to $2,232 effective
o Reducing Federal Estate Taxes. Revisions were made to reflect the increase in the federal estate tax exemption (applicable credit amount) from $675,000 in 2001 to $1 million in 2002.
o Who Should Own Your Life Insurance? Revisions were made to reflect the increase in the federal estate tax exemption (applicable credit amount) from $675,000 in 2001 to $1 million in 2002.
o Life Insurance Trusts. Revisions were made to reflect the increase in the federal estate tax exemption (applicable credit amount) from $675,000 in 2001 to $1 million in 2002.
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The following
article was revised on
o 2002 Social Security Increases. This article was revised to reflect the year 2002 Social Security cost of living adjustments.
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The following
article was added on
o
Is the Death Tax Dead?. This article discusses some
of the changes to the federal estate tax as a result of the Economic Growth and
Tax Relief Reconciliation Act of 2001 signed by President Bush on
Ø The following articles were revised on
o Federal Estates Taxes, Gifts, Life Insurance Trusts, and Life Insurance Ownership. Revisions were made to all of these articles to reflect changes made the Economic Growth and Tax Relief Reconciliation Act of 2001.
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
minimum monthly maintenance needs allowance from $1,407 per month to $1,452
effective
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The following articles were revised on
o IRAs-The Beneficiary's Options. Revisions were made to reflect the new minimum distribution rules issued by the Internal Revenue Service in January 2001.
o IRA-Required Minimum Distributions. Revisions were made to reflect the new minimum distribution rules issued by the Internal Revenue Service in January 2001.
Ø
The following articles were revised on
o
Paying for Nursing
Care--Protecting Assets. Revisions were made to reflect an increase in the
"spousal share" for 2001. The 2001 minimum amount in
o
Paying for Nursing Home
Care--Protecting Income. A revision was made to reflect an increase in the
maximum monthly maintenance needs allowance to $2,175 effective
o Robert Clofine's resume was updated to allow questionnaire downloads and to reflect a rating change by Martindale-Hubbell®.
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The following article was revised on
o
Robert Clofine's resume was updated on
o 2001 Social Security Increases. This article was revised to reflect the year 2001 Social Security cost of living adjustments.
Ø
The following
article was revised on
o
Medicaid Gifts. This
article was revised to reflect an increase in the average monthly cost of
nursing home care in
Ø
The following
article was revised on
o
Paying for Nursing
Care--Protecting Income. This article was revised to reflect an increase in
the minimum monthly maintenance needs allowance from $1,383 per month to $1,407
per month effective as of
Ø
The following
articles were revised on
o
Paying for Nursing
Care--Protecting Assets. Revisions were made to reflect an increase in the
"spousal share" for 2000. The 2000 minimum amount in
o Reducing Federal Estate Taxes. Revisions were made to reflect the increase in the federal estate tax exemption (applicable credit amount) from $650,000 in 1999 to $675,000 in 2000.
o Who Should Own Your Life Insurance? Revisions were made to reflect the increase in the federal estate tax exemption (applicable credit amount) from $650,000 in 1999 to $675,000 in 2000.
o Life Insurance Trusts. Revisions were made to reflect the increase in the federal estate tax exemption (applicable credit amount) from $650,000 in 1999 to $675,000 in 2000.
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The following
article was added on
o
New Pennsylvania Law on
Powers of Attorney. This article addresses recent changes to
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The following
article was revised on
o
Paying for Nursing
Care--Protecting Income. This article was revised on
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The following
articles were revised on
o
Medicaid Planning-Gifts.
Revisions were made to reflect an increase in the average monthly cost of
nursing care in
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The following
article was revised on
o Criminal Penalties on Medicaid Attorneys. Revisions were made to reflect that a federal court has declared the law unconstitutional.
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The following
article was revised on
o
The New (1997-98) Tax Rules
on Selling Your Residence. Revisions were made to reflect changes to
All contents Copyright ©
Robert Clofine 1998-2008.
Last revised