If you’re a small business owner, you’re probably ready for a little good news right about now. The 2010 Small Business Jobs Act has some tax changes that could affect you – in a good way. Forbes writer Robert W. Wood gave a good run-down of the highlights last week, to include: Small Business (Section 179) Expensing. Under the old rules, you could generally expense up to $250,000 of certain property placed in service during the year. But for tax years 2010 and 2011, the limit is increased to $500,000, and can include up to $250,000 of qualified leasehold improvement,…
Senior Life Care Planning finds and accesses services for veterans, through VA benefits, and seniors through Medicare, Medicaid and other governmental or private resources. We also help identify, coordinate, assist and advocate on various issues i.e. housing, assisted living facilities, nursing homes, social and caregiver support. Additionally, we provide support services for seniors, families and caregivers, coping with the stress and issues with individuals with diseases including Alzheimer’s disease or related dementias, Parkinson’s disease, and other elderly diseases. The family dilemma is caring for your loved ones, with limited time, money and energy. Additionally, families are living in different areas…
In reviewing the New York Times, I came across the following article in the New Old Age section. What is done when a power of attorney is left to both siblings jointly but one decides to become uncommunicative and “checks out,” not participating in decision-making, handling estate matters or caring for a parent with dementia? Does the sibling left with shouldering the burden really have to go to court to get the other sibling’s name taken off the power of attorney? Your question indicates why naming multiple agents in a durable power of attorney and giving them equal authority…
In reviewing the New York Times, I came across the following article in the New Old Age section. What is done when a power of attorney is left to both siblings jointly but one decides to become uncommunicative and “checks out,” not participating in decision-making, handling estate matters or caring for a parent with dementia? Does the sibling left with shouldering the burden really have to go to court to get the other sibling’s name taken off the power of attorney? The answer, carefully review the document to see if there’s any provision that allows one agent to remove the…
Senior Life Care Planning offers a wide range of services to help maintain their client’s independence at home, or to advocate for their client’s rights and quality of life, at an assisted living facility or nursing home.
A trust in lieu of a will – may be better if you have a complex estate, require asset protection from the nursing home, a beneficiary who must meet certain conditions before receiving assets or a special-needs loved one who requires care after you are gone.
As reported in the ABA Journal the U.S. Supreme Court has agreed to hear an appeal by the heirs of Anna Nicole Smith in a battle over her late husband's fortune. The 9th U.S. Circuit Court of Appeals ruled in March that Smith's heirs were not entitled to the millions of dollars she sought from J. Howard Marshall's estate after her year-long marriage to the elderly billionaire ended with his death. Marshall did not include Smith in his will, but she had claimed he was improperly influenced by his son, Pierce Marshall, who interfered with the elder Marshall's estate plans….
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