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March 2011 Archives

Married couples: tips for avoiding estate tax

In 2011 and 2012, only individuals who die leaving an estate worth more than $5 million need concern themselves with federal estate taxes. Married person having an estate worth less than $10 do not have to pay estate tax. Those who have larger estates need to look into ways to reduce estate tax liability. The following are some tips for saving on estate tax.

Caregiver agreements an important part of Medicaid planning, P.2

In our previous post, we began discussing an often overlooked aspect of Medicaid planning, namely caregiver agreements. We noted that the value of such agreements lies in their ability to prevent the recipient of health and financial management services from being penalized by Medicaid for reimbursing caregivers for health and financial management services.

Caregiver agreements an important part of Medicaid planning, P.1

According to sources, roughly 44 million adult caregivers provide some unpaid care to adults and seniors with disabilities. Those receiving services are elderly parents, disabled spouses, or another elderly family member. In these types of arrangements, family members care for their loved ones until they are no longer able to do so. Sometimes it is the inability to physically care for their loved one brings about a move, and other times family members are simply unable to continue paying for their care. At that point, many families look to Medicaid to supplement the care.