On November 29, 2006, Governor Rendell signed a new law dealing with Living Wills and Health Care Powers of Attorney that becomes effective January 29, 2007. The law was a long time in the making as various groups have been working on these issues for the past ten years. While the part of the new […]
Archives for May 2016
CRIMINAL PENALTIES FOR ATTORNEYS
Medicaid is the federally funded program that pays medical expenses for the poor and nursing home costs for many of the elderly. There have always been asset and income limits designed to make the program available only to those who are truly poor. However, through proper planning many have successfully gifted assets in order to […]
IRA ROLLOVERS
Some time ago, the powers that be decided it would be best to encourage us to save for our retirement. For individuals, this encouragement can be in the form of the individual retirement account. The benefits of the IRA were so well publicized that the vast majority of workers have established these accounts and the […]
LONG TERM CARE INSURANCE
In other articles, we looked at the government’s medical assistance program that’s available to pay for the cost of care at a nursing home. As we saw, that’s available only after you have spent almost all of your own money. In an effort to preserve some of their assets, many who are concerned‚ about cost […]
WHO SHOULD OWN YOUR LIFE INSURANCE?
Who is the beneficiary of your life insurance? Without knowing it, it may be your favorite relative, Uncle Sam. Without considering life insurance, most people need not worry about federal estate tax since your estate must now exceed $5.49 million in 2017 (this is up from $5.45 million in 2016) to be subject to this […]