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You Can Give Away More Tax Free in 2018

After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018.The annual gift tax exclusion for 2018 is rising from $14,000 to $15,000. This means that any person who gives away $15,000 or less to any one individual (anyone…

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Care Plan 101: Set Yourself Up for Success as a Caregiver

What is a Care Plan in Elder Care Planning? Elder care planning is crucial to senior care planning for long-term care. It’s often overlooked. Many people make significant effort planning for other life phases, like retirement, financial planning, home ownership, or a child’s college education. A care plan is a tool that professional caregivers and…

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Social Security Beneficiaries Will Receive a 2 Percent Increase in 2018

In 2018, Social Security recipients will get their largest cost of living increase in benefits since 2012, but the additional income will likely be largely eaten up by higher Medicare Part B premiums.Cost of living increases are tied to the consumer price index, and an upturn in inflation rates and gas prices means recipients get…

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Problems with Guardianship Abuse Leading to Calls for Reform

A growing problem with adult guardianship abuse is giving rise to calls for reform of the system. Vulnerable elderly can get caught in the guardianship system, being harmed and exploited by the very process that is supposed to protect them.A guardian is someone appointed by a court to make decisions on behalf of an incapacitated individual…

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Why You Should Use a Lawyer for Medicaid Planning

Many seniors and their families don’t use a lawyer to plan for long-term care or Medicaid, often because they’re afraid of the cost. But an attorney can help you save money in the long run as well as make sure you are getting the best care for your loved one. Instead of taking steps based…

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Compare Proposals to Replace The Affordable Care Act

“President Donald Trump and Republicans in Congress have committed to repealing and replacing the Affordable Care Act (ACA). How do their replacement proposals compare to the ACA? How do they compare to each other? Plans available for comparison: The Better Care Reconciliation Act of 2017 (PDF) – Updated 7.13.17 The American Health Care Act, as passed…

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The Difference Between Home Health Care and Non-Medical Home Care Services

As a caregiver, you may be exploring your options as to what kind of help will be best suited for you and your loved ones’ needs.  Below is an article from agingcare.com to help in your research with Home Care: “The first step in hiring senior services provided in the home is identifying the difference between non-medical home…