Trust-lawgroup.com

When Can In-Home Care be Deducted as a Medical Expense

WebThe Court concluded the services were qualified long-term care services as defined in the tax code. The Court held the $49,580 paid to the caregivers for services qualified as long …

Actived: 6 days ago

URL: https://www.trust-lawgroup.com/when-can-in-home-care-be-deducted-as-a-medical-expense/

What You Should Know About Medicaid Planning

WebYou’re active and in relatively good health. You’re finally enjoying the things you now have time to do as a retiree – or looking forward to those days coming soon.

Category:  Health Go Health

Important Issues You Should Know in Medicaid Planning

WebPERKINS & ZAYED, P.C. 1745 South Naperville Road, Suite 100 Wheaton, IL 60189

Category:  Health Go Health

What are Your Rights as a Nursing Home Resident

WebPERKINS & ZAYED, P.C. 1745 South Naperville Road, Suite 100 Wheaton, IL 60189

Category:  Health Go Health

Decanting a Trust: What is It and When is It a Good Idea

WebA list of some of the reasons why decanting might be desired, depending on the trust language and state law: 1. To extend the trust’s term. 2. To fix drafting errors or makes …

Category:  Health Go Health

Elder Law – Perkins & Zayed, PC

WebAs you age, the likelihood you will need long-term care or assistance increases – whether it’s due to illness or unforseen disability. There’s also the possibility you could become …

Category:  Health Go Health

Concerned About Fido’s Care: Consider a Pet Trust

WebA pet trust provides a specified amount of money to be held in trust for the ongoing care of one or more pets. It generally terminates upon the death of the last surviving animal …

Category:  Health Go Health

How to Choose the Appropriate Respite Caregiver

WebRespite care: Short-term services for elderly and disabled people so their primary caregivers get a break.. Providing care for an aging parent or relative can be an all-consuming task, …

Category:  Health Go Health

What You Should Know About Special Needs Trusts

WebThe trust is solely devoted to caring for a beneficiary with special needs. The beneficiary has a physical or mental impairment a doctor can describe. The condition is expected to last …

Category:  Health Go Health

6 Common Myths About Trusts – Perkins & Zayed, PC

WebBut the common misconceptions about trusts could cause you to bypass them entirely, or plan to use them improperly. Myth #1: Now that Federal Law Allows a $5-Million-Plus …

Category:  Health Go Health

Deductible Medical Expenses for Seniors – Perkins & Zayed, PC

WebThe older people get, the more medical expenses they tend to incur. The only saving grace is the expenses may add up to a federal income tax deduction. Specifically, you can …

Category:  Medical Go Health

Plan Now So Guardianship is not Necessary – Perkins & Zayed, PC

WebThis is a basic overview of the process. There are different types of guardianship and the exact procedures depend on state law. Petitioning for guardianship is usually a difficult …

Category:  Health Go Health

Don’t Send Your Student to College Without These 3 Things

WebWhat is it: The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that protects an adult’s private health information by preventing unauthorized …

Category:  Health Go Health

What to Do if a Sibling Keeps You Away from Your Elderly Parents

WebPitch in temporarily so the caregiver can take a break. Pay for a housecleaner, a home health aide or other service that can make the life of the caregiver easier. Buy groceries …

Category:  Health Go Health

There May be Hidden Tax Deductions in Your Retirement …

WebYou can only deduct medical expenses to the extent they exceed 7.5% of your adjusted gross income in 2018 (and 2017). Note: This percentage rose to 10% for some …

Category:  Medical Go Health

When Divorced Empty Nesters Remarry – Perkins & Zayed, PC

WebIf a parent remarries after the death of a spouse, adult children also may experience feelings of disloyalty and guilt. Working through these issues requires openness and an ongoing …

Category:  Health Go Health

7 Estate Planning Questions to Ask When Marrying Late in Life

Web7 Estate Planning Questions to Ask When Marrying Late in Life. Although senior citizens are aging, their hearts remain young. Marrying later in life to establish companionship is a …

Category:  Health Go Health

Here’s Why You Should Keep Track of Your Subscription-Based …

WebIt’s easy to overlook the need to keep track of monthly services or subscriptions. Especially when you’re not consciously making payments since automatic billing is doing that for …

Category:  Health Go Health

Name an Understudy for Yourself with a Power of Attorney

WebFew images are as scary as imagining yourself incapacitated.Still, you should consider the possibility that in your absence, someone else will have to take care of business and …

Category:  Health Go Health