Category: Uncategorized

The Internal Revenue Service (IRS) has released its tax inflation adjustment figures for tax year 2025. Annual Gift Tax Exclusion Effective January 1, 2025, you will be able to make individual gifts of up to $19,000 in the calendar year (an increase from $18,000 in 2024) tax-free. In other words, giving more than $19,000 to any individual… Continue reading IRS Announces 2025 Gift and Estate Tax Exemptions

What would we do without our smartphones, tablets, and computers? These internet-connected devices allow us to connect instantly with friends and family, order food, hail rides, pay our credit card bills, and so much more. Our devices offer so many benefits and have become such an integral part of our lives that we often forget… Continue reading Cybersecurity Awareness Month: Maintain Your Online Safety

As we age, it is not uncommon to experience some level of cognitive decline. Cognitive decline can range from mild impairment to more severe conditions such as dementia, including Alzheimer’s disease. According to the Centers for Disease Control and Prevention (CDC), one in nine adults is experiencing subjective cognitive decline (SCD). SCD is self-reported confusion or memory… Continue reading Planning for Cognitive Impairment and Preventing Elder Abuse

Keeping track and making sense of government policies and presidential candidates’ promises can be daunting during any election year. This year is no exception. Consider Social Security and Medicare, two 2024 election issues that are top of mind for older Americans. As with any election, the political landscape is always changing, and candidates’ views and… Continue reading 2024 Election: Harris, Trump on Social Security and Medicare

The Qualified Medicare Beneficiary (QMB) Program is one of four types of Medicare Savings Programs. The QMB Program is also the most comprehensive of the four, as it helps individuals with limited income and assets pay not only for Medicare Part A and B premiums, but also for deductibles and co-payments. This fall, a new… Continue reading Qualified Medicare Beneficiary (QMB) Program: A 2024 Update

Probate is a legal process that happens after someone dies. While probate can be complex, lengthy, and expensive, an estate planning attorney or probate attorney can help mitigate unwanted risks. They will be able to anticipate what might happen and prevent issues before they arise. Sound estate planning can make the probate process run efficiently… Continue reading Proper Estate Planning Reduces Issues of Probate

As we age, it is not uncommon to experience some level of cognitive decline. Cognitive decline can range from mild impairment to more severe conditions such as dementia, including Alzheimer’s disease. According to the Centers for Disease Control and Prevention (CDC), one in nine adults is experiencing subjective cognitive decline (SCD). SCD is self-reported confusion or memory… Continue reading Planning for Cognitive Impairment and Preventing Elder Abuse

Hoarding disorder disproportionately affects older adults, according to the United States Senate Special Committee on Aging. While about 2 percent of the general population struggles with accumulating too many objects, hoarding impacts over 6 percent of people aged 65 and older. The proportion of older Americans is expected to increase from 16 percent in 2019… Continue reading Hoarding Disorder in Older Adults: Challenges and Resources

Advances in self-monitoring medical devices, telehealth, and smart homes are allowing many aging Americans to remain at home longer and more safely. You may be a senior looking to stay in your current residence rather than move to a nursing home. Or perhaps you have an aging parent and want to implement systems that create… Continue reading In-Home Senior Care Technology and Elder Law

If you are approaching retirement, you may worry about paying for medical expenses once you leave the workforce. The good news is the United States has a health insurance program for individuals 65 and older. The program is called Medicare. Read on to learn more about it. What Is Medicare? Medicare is a federal health insurance… Continue reading How Old Do You Have to Be to Get Medicare?