The income tax brackets, standard deduction amounts, and many other tax items are adjusted annually for cost-of-living increases. These adjustments reflect the average chained Consumer Price Index (CPI) for all-urban
Read More
Introduction Preparing for future medical and end-of-life care can be an uncomfortable but necessary step in creating a comprehensive estate plan. An essential, but often overlooked consideration is the role
Read More
Introduction: In the United States, individuals who give substantial gifts to their loved ones may encounter the federal gift tax. The federal gift tax is imposed on the transfer of
Read More
Needs Based: Supplemental Security Income: SSI SSI is a needs-based income provided as a public benefit for persons who are disabled, blind, or age 65 or older. As a needs-based
Read More
This week President Trump signed a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic. This law, the Consolidated Appropriations Act, 2021 (CAA, 2021), includes a
Read More
When clients think of estate planning, they often think about wills and trusts. However, a well-executed estate plan encompasses more than just a will or trust; it is a comprehensive
Read More
