A common plan among our married clients is to leave their property to their spouse, either outright or in trust - oft-referred to as the “I Love You” Will…more
You have a horrific accident and are looking a life of extreme medical care. The accident was caused by another person (drunk truck driver). You get a multi-million dollar award. Does the state that you live in get a share?…more
Maybe it's the season, but I have gotten a lot of calls recently about will contests. A will contest usually happens when your heirs are surprised by what your will says, or by what you have left when you go to the great…more
Guess what? You might be one of the 1 million or so taxpayers that are due $917 million from the IRS. Sad thing is, it's your money that they are trying to get back to you…more
Will the ridiculous gridlock in Washington that has a sledgehammer instead of scalpel being used to address the cancer of a bloated budget affect your world immediately? As a working adult or family, likely not, For seniors,…more
In This Issue:
- Ask Us - Tax Appeals
- Parental Authority - At 18, "You Don't Rule Me" Rules
- The Fiscal Cliff Showdown - What It Means To Your Real Estate Plan
- Excerpt from Parental Authority - At 18, "You…more
So Dad is in nursing home, and has qualified for Medicaid to supplement the cost of care. What does Mom live off of?
First, while assets are pooled together for Dad to have qualified for Medicaid in the first place, income…more
You work from home. You know that you are entitled to deduct your “home office expenses” but your accountant has warned you that it is very tricky, and that the deduction often raises a “red flag” for the IRS or the state in…more
I am not sure how you can have great faith in the thoughtfulness of a process over hundreds of billions of dollar of our (the taxpayers) money, that happened in all of 48 hours, but here is the what is going to the president for…more
With the fiscal cliff looming, year-end tax planning is even more difficult in 2012 than ever before. "Will they or won't they" is the question being asked of Congress. "Who knows" is my answer right now…more
Some Medicaid eligibility figures for seniors in need of long term care are tied to inflation. The Centers for Medicare and Medicaid Services just released the 2013 figures…more
The IRS has extended time to make tax payments and file returns of taxpayers in counties that have been designated as federal disaster areas qualifying for individual assistance…more
For years I have counseled clients that if they enter rehab after a hospital stay that for a practical perspective they will only get 20 days of skilled cared (covered under Medicare) unless they can show they are "improving"…more
Fein, Such, Kahn & Shepard offer real estate services tailored to institutional, business and individual clients. We are involved not only in the purchase and sale of residential and commercial real estate, but also…more
I have often lamented that the lack of permanency of tax laws is doing a huge disservice to the American population. We all have to pay our "fair share" of taxes. However, we don't need to pay more. These constant temporary tax…more
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