Veterans Benefits

3 Tax Benefits the 50+ Crowd Enjoys

Posted on: August 10th, 2016
Although many tax regulations fluctuate based on the taxpayer’s adjusted gross income, some tax provisions are instead based on the taxpayer’s age. Knowing when an individual will enjoy certain tax benefits can help to guide tax planning. North Carolina taxpayers aged 50 and older enjoy several tax advantages....

Cost of Long-Term Care in North Carolina

Posted on: August 21st, 2015
A report released earlier this year shows that North Carolina nursing home costs continue to increase alongside the premiums for long-term care insurance policies. The median cost for a NC private nursing home room is approximately $225.00 per day in 2015....

Estate Plan Update: New Life Insurance Option life insurance trust

Posted on: August 22nd, 2014
Life insurance can be a great estate planning tool. Payments generally do not go through probate, loved ones may not need to struggle financially after one’s death, and proceeds can be protected from creditors. ...

Elder Care Trend: Avoiding Nursing Home Care

Posted on: February 14th, 2014
New reports from The Washington Post show that baby boomers are electing in-home medical care in lieu of nursing home services. From 1990 to 2010, the number of Americans over age 65 living in nursing homes nationally has dropped 2%, according to the Census Bureau. ...

Pending Legislation May Change Veterans Service Pension Benefits

Posted on: January 23rd, 2014
Congress has a few pending law changes that may affect Veterans Service Pension Benefits. Current regulations do not penalize veterans for making gifts or other transfers of their assets any time prior to their application for veterans service pension benefits. ...

Veterans Victory in the Supreme Court

Posted on: March 4th, 2011
David Henderson was a Korean War veteran. He was discharged from active duty in 1952 due to paranoid schizophrenia. In 1992, the VA gave him a 100% disability rating, and in 2001 (while living in North Carolina) ...
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