November 2010 Posts

  • Health Care Reform and Long-Term Care

    One of the shortfalls of Medicaid for long-term care is that it provides financial assistance primarily for nursing homes, and I don’t need to tell you that most people prefer not to have to go into a nursing home. ...
  • 7 Events That May Necessitate Will Revisions

    Wills Must Keep Up With Life Changes A will is an essential part of planning for the future. But don’t think creating a will is a one-time proposition. ...
  • The Rights of Nursing Home Residents

    The stress of moving into a nursing home is great – and it’s compounded by the loss of freedom, dignity and privacy. ...
  • Estate (Tax) of Uncertainty Continues

    The results of the recent midterm elections may not bring about speedy estate tax repeal or reform. To see why, check out this Forbes.com article Results of Midterm Elections Do Not Bring Certainty to the Federal Estate Tax. ...
  • November 11th is Veterans Day – how are you going to honor our Veterans this year?

    One way each of us can thank the veterans in our lives is to make sure they are aware of the benefits that they have earned as a result of their service to our country...
  • IRS Announces 2011Retirement Plan Contribution Limits

    IRS Announces Pension Plan Limitations for 2011 WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2011. ...
  • 2010 Executors – Are You Ready to Allocate that Basis?

    Today I was alerted to the existence of a draft of the IRS from that will be required to be filed for estates of decedents dying in 2010 with estates in excess of $1.3 million. IRS Form 8939 – Allocation of Increase in Basis for Property Received from a Decedent. The due date is April 15, 2011....
  • Elder Mediation Available in Orange County

    The Orange County Dispute Settlement Center, located here in Chapel Hill, is now offering specialized mediation dealing with elder care matters. ...
  • Are You Willing to Die to Save Estate Taxes?

    On October 30, 2010, there was a brief piece in the Durham Herald-Sun reporting that U.S. Representative Cynthia Lummis (R-WY) said that some of her constituents are so worried about the reinstatement of the federal estate tax that they plan to discontinue dialysis and other life-extending medical treatments so they can die before the end of the year....