<p>ABLE accounts are a game-changer for families with special needs, but there has been confusion about how the accounts work. Here are answers to basic questions about what ABLE accounts can and can’t accomplish for the special needs family.</p>
<p>The growing popularity of cryptocurrency means it is increasingly something that must be considered when planning an estate. If you own cryptocurrency, providing instructions in your will is a must. </p>
<p>For years people have been worried about Social Security’s future, but what is the actual outlook? According to the federal government, unless Congress acts to intervene, Social Security shortfalls are expected beginning in 2035. </p>
<p>The 2020 census is starting soon, and seniors need to be counted. This may be more of a challenge this year because for the first time, the census will be completed largely online.</p>
<p>While estate planning is important for married couples, it is arguably even more necessary for couples that live together without getting married. </p>
<p>Having power of attorney over a family member is a big responsibility and sometimes it makes sense to share the responsibility. <span style="font-size:small">But when two people are named co-agents under a power of attorney, conflicts can arise.</span></p>
<p>Although your life insurance policy may pass to your heirs income tax-free, it can affect your estate's tax liability. </p>
<p>The Trump administration will allow states the option to cap Medicaid spending using block grants. While this change does not directly affect nursing home residents on Medicaid, it could result in significant service cuts to other beneficiaries. </p>
<p>The basic Medicaid rule for nursing home residents is that they must pay all of their income, minus certain deductions, to the nursing home.</p>
Protect Your Wealth.When you seek Estate Planning Windsor CT, call Weatherby & Associates PC. Estate planning will protect your accumulated wealth, assign a health directive, or to avoid probate. You have worked all your life to provide for your family. When it’s time to evaluate your retirement assets, protect your family after your death. Call […]