How Much Should a Trustee Be Compensated?
Serving as a trustee of a trust can be a huge responsibility, so trustees are entitled to compensation for their […]
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If You Don’t Want an IRA Distribution, You Can Donate It to Charity
Not everyone wants to take the required minimum distributions from their retirement accounts right away. If you don’t want your distribution, one option is to donate it to charity and get a tax deduction.
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What Documents Are Required for a Medicaid Application?
Not all assets will be counted against you for the purposes of Medicaid eligibility. Personal possessions, one vehicle, your principal residence, and prepaid funeral plans are “noncountable” assets. However, the state will likely still request information about these assets.
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Medicare to Cover At-Home Covid Tests by ‘Early Spring’
Medicare beneficiaries will soon be eligible to obtain up to eight free rapid at-home Covid-19 tests per month, and, unlike their privately insured counterparts, they won’t have to pay for them upfront, the Biden administration has announced.
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Why You May Need a Trust in Addition to a Power of Attorney
A durable power of attorney allows you to appoint someone you trust to step in for you to handle financial and legal matters if you become incapacitated. We all are at risk of incapacity from illness or injury, whether temporary or permanent.
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When a Social Security Recipient Dies, Survivors May Be Eligible for Benefits
When loved ones pass away, there are lots of considerations, including what happens to their Social Security. The decedent’s payments need to be stopped, but survivor’s benefits may be available to the spouse or, in certain cases, children.
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What to Do About an Unwanted Inheritance
Most people who receive an inheritance are honored, but for some, it can be more of a burden than a blessing.
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Estate Planning in the Age of Stepfamilies
More than 4 in 10 Americans have at least one step-relative in their family – either a stepparent, a step
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Just Say No: Declining to Act as an Agent Under a Power of Attorney
You may have to make decisions about whether to start or stop a particular treatment, choose doctors and specialists, or to continue or stop life support.
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