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Expert Advice for a Georgia Resident's
Assets, Wills, Businesses, and Estates

ABLE Is Ready; Are you Willing?

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Know a “disabled beneficiary?” A new Federal program has been adopted in Georgia for their benefit. It’s like a 529 Plan for disabled individuals.
And we call this to your attention now because contributions to such a plan are limited to $14,000 a year . . . and the end of this year is fast approaching.

The new program –ABLE stands for “Achieving a Better Life Experience” – is designed to help individuals and families save money that can be used to support individuals with disabilities. [Read more…]

Can’t Get Health Insurance? New Law Says You Can.

StethoscopeThanks to a new law, someone who couldn’t buy health insurance before can buy it now.  Guaranteed.   And this new law applies to virtually anyone who’s stuck.

Think of someone with a pre-existing condition who cannot get an individual policy or coverage under group health insurance.

Think of someone whose COBRA coverage has run out.

How about someone who doesn’t qualify for Social Security? Or someone 65 or older who doesn’t qualify for Medicare? Even a disabled person under age 65 who can’t get Medicare because he or she hasn’t been disabled long enough.

And really, a person’s age doesn’t matter at all. Or a person’s work history: even a person who’s starting a new business and who can’t get insurance because of a pre-existing health problem and doesn’t have enough employees yet to get a group policy.

What matters is they can’t get health insurance coverage.

Here’s the antidote: the “Pre-Existing Condition Insurance Program” (“PCIP” for short). [Read more…]

Dealing with Email Frauds: Greetings from Kuala Lumpur!

The caller was so excited about the email: somebody in Kuala Lumpur had died with the same last name as hers! Who left a $10 million estate! And the email’s gracious writer was happy to help my caller in finding out what part of the $10 million would be her inheritance.

She asked my advice on how to handle this, and was crushed by my answer: “Just delete it.” She didn’t email much, and I told her this was just the first of many inheritances, lost accounts in foreign countries, et al. that she’ll hear about.

And then I thought she might be helped by a composite of the email cons which lay ahead.  And so . . .

[Read more…]

New Tax Break for Caregiver Costs

Providing care for someone with Alzheimer’s or dementia can be an expensive, long-term problem.  (You know this already, right?  Or been thinking about it?  Sooner or later, everyone thinks about it.)

Now you can catch a break.

On July 5th, 2011, the United States Tax Court held that expenses you incur for providing unlicensed caregivers will be deductible on your income tax return.

[Read more…]

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