Archive for the ‘Uncategorized’ Category

Health Insurers Seek Big Rate Hikes for 2019

Health insurers are seeking lofty rate hikes for 2019 individual coverage as they grapple with new obstacles in the Affordable Care Act marketplace, including the zeroed-out mandate penalty and the potential influx of skimpy insurance policies. Click HERE for more information   David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.

Anxiety in Middle Age Linked to Dementia Later

People with moderate to severe anxiety in middle age may be more likely to develop dementia as they get older, a recent study suggests. Click HERE for more information   David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.

Seniors Are the Health Care Industry’s Gold Rush

Health care companies are rushing to buy or invest in areas that focus on the elderly population, as baby boomers are reaching an age when they require more health care services. Read more from Axios.     David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.

Your Money Isn’t Lost

  A lot of people believe that when you enter a nursing home your money is lost. That is not the case. Contact our office to find out how you can save your money from the nursing home.   David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.

Live Free From Financial Uncertainty

  What happens if you get sick, and you need care at home, an assisted living facility or nursing home? Have you planned?   David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.

“You may never need long term care, but what if you did?”

How would that affect your family? Spouses — Caring for a chronically ill loved one can make the caregiver chronically ill as well. Children — Other loved ones, such as children, often carry the burden, too. Daughters who are employed are most likely to switch from full-time to part-time employment to help with care giving duties. Family dynamics — Informal care usually is not shared equally among adult children. One sibling may bear a larger burden, which can harm relationships. Unnecessary losses — A number of spiritual, emotional, financial and relational losses can be prevented when your clients are prepared…

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Could You Make Good Things Better?

Social Security: 5 Key Questions

What Is It? Social Security is a federal retirement fund that you pay into through your paycheck. The program also provides payments to those on disability and survivors benefits to the spouses and children of covered workers who have died. How Do I Qualify for Payments? The retirement system is based on the amount of credits that you earn as you work. In the simplest terms, if you have worked a total of at least 10 years in a job where Social Security payments were deducted from your paycheck, you are eligible to receive benefits. How Much Will My Benefit Be? For your own retirement benefit, that depends on how…

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Income Tax Basis

“Basis” is a concept that is important in determining the tax you owe when you have a profit or a loss on a transaction. Your “cost basis” in an asset is the amount you paid for it plus any relevant costs and fees. For example, if you bought a home for $200,000 and there were settlement and other fees at closing that came to $1,000, your cost basis would be $201,000. If you inherit or receive an asset as a gift, your basis is the fair market value of that asset. Your basis may be reduced by factors like depreciation and it may increase due to improvements…

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Power of Attorney vs. Durable Power of Attorney

When you give someone your power of attorney, you give them the right to act on your behalf. You may authorize them, for example, to manage some or all your business affairs, sign legal documents or make charitable gifts for you.   A durable power of attorney is valid if you become incapacitated, while a power of attorney is not. A durable power of attorney gives someone the authority to make financial, business or legal decisions if you cannot make them yourself.  A medical power of attorney, also known as a durable power of attorney for health care, names someone…

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