Marshall Elder and Estate Planning Blog
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Elder Law Attorney Jeffrey Marshall discusses legal issues related to seniors. Helping seniors preserve health and financial security for themselves and their loved ones.
Marshall Elder and Estate Planning Blog
3y ago
When you need long-term care at home or in a facility the costs can be staggering. That is why qualifying for government benefits through Medicaid is crucial to the financial, physical and emotional health of so many seniors and their families. Unfortunately, qualifying for Medicaid long-term care benefits can be very difficult. One of the obstacles is the so-called “transfer penalty.” A period ..read more
Marshall Elder and Estate Planning Blog
3y ago
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Marshall Elder and Estate Planning Blog
3y ago
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Marshall Elder and Estate Planning Blog
3y ago
The Social Security Administration has announced that payments to retired and disabled beneficiaries will increase by 1.3% in 2021. This inflation adjustment is intended to offset the higher costs-of-living encountered by beneficiaries. The increase is effective for payments received in January 2021 for retirement benefits. The 1.3% increase also applies to recipients of Supplemental Security ..read more
Marshall Elder and Estate Planning Blog
4y ago
Americans are generous. A majority of Americans give money to charity. But due to a 2017 change in the tax laws, few Americans have been able to take a tax deduction for those donations, Now, under the recently enacted CARES Act, the charitable deduction window has been opened again for most American taxpayers. But only slightly. Here are the details. Section 2204 of the CARES Act allows ..read more
Marshall Elder and Estate Planning Blog
4y ago
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Marshall Elder and Estate Planning Blog
4y ago
Pennsylvania’s new
election reform law takes effect with the primary election on April 28, 2020.
The law creates a new option to vote by mail that can
make voting much easier and more convenient for older adults. Registered
voters can now choose to vote by mail-in ballot rather than appearing at a
polling place on election day.
According to the Governor’s
press release the new law (Act
77 of ..read more
Marshall Elder and Estate Planning Blog
4y ago
A new law, which became
effective on January 1, 2020, makes major changes to the rules governing
retirement plans. The new law is designed to increase the availability of
retirement plans to workers and thus the amount of money that workers are
saving in retirement accounts. But it also includes negative tax consequences
that will be felt by most non-spouse beneficiaries who inherit an IRA or ..read more
Marshall Elder and Estate Planning Blog
4y ago
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Marshall Elder and Estate Planning Blog
4y ago
Medicare is the vital healthcare program that covers
most older Americans. It’s a complicated program. This article will take a look
at one of its components – Medicare Part B and Part B’s premiums.
Medicare Overview
Medicare is the federal health insurance program that
covers people 65 and older and some younger adults with permanent disabilities
and certain medical conditions. When ..read more