Can a Power of Attorney be Refused?
Can a Power of Attorney be Refused? A power of attorney, or POA, is one of the most commonly used legal documents because of the numerous purposes a POA can serve. At some point in your life you will likely…
The Current State of Medicaid Work Requirements
The Current State of Medicaid Work Requirements Former President Trump made it very clear during his presidency that he supported Medicaid work requirements. Indeed, the former Administrator for Centers for Medicare & Medicaid Services (CMS), Seema Verma, under Trump’s administration,…
Big News for Trust Taxation
Big News for Trust Taxation By Jill Roamer, J.D. Big News for Trust Taxation. Few of us feel delight when we hear the term “tax code”. However, there has been some recent excitement in the area of trust taxation and administration…
What are My Taxes on a House I Inherited?
When a house is sold, the seller is responsible for paying tax on the profit in the year of the sale.
Pennsylvania Creating Uniform Background Check Process for Those Working with Older Adults
Right now, Pennsylvania doesn’t have a uniform background check process for people who work with older adults — but that could be changing.
Should I Sell My Life Insurance Policy?
When a life insurance policy is no longer wanted or needed, many policy owners either abandon their policy by not paying the required premium or surrender it back to the carrier. In either situation, the insurance carrier wins, and the policy owner is stuck holding the empty bag.
Celebrity Deaths in 2020 — Six Estate Planning Lessons We Can Learn
Celebrity Deaths in 2020 -- Six Estate Planning Lessons We Can Learn As estate planners, we are often shocked to learn about wealthy celebrities who pass away without a will or trust. These wealthy celebrities had the financial resources…
How Do You Plan for the Death of a Spouse?
Beneficiary designations, tying up loose ends, reporting last wishes—here’s what you can do now.
Does Living Trust Help with Probate and Inheritance Taxes?
I was told that unlike wills, a trust doesn’t require probate and is not taxable. My main asset is a house that I want to pass on to my son. Would a living trust help?
Do You Know These Social Security Surprises?
Millions of seniors rely heavily on Social Security to make ends meet. If you're planning to do the same, you should know the ins and outs of how the program works.