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 The Only Firm With A Board Certified Elder Law Attorney in the Entire CSRA & Middle Georgia Areas

Phone:  1-877-353-3745 Fax: 1-866-527-6779

Elder Law Voice

What Is Asset Protection for Your Primary Residence?: Asset Protection Augusta

Planning ahead for the future is a task that not everyone gets excited about, but is a very important task. The future can be full of the unknown, and it’s better to be prepared in case of an urgent need to handle a certain situation. Fortunately, the Smith Law Firm has you covered when it comes to asset protection. Your assets are extremely valuable, as they represent parts of your life that you’ve worked hard to achieve. Assets can come in various forms, so let’s explore some of the assets that you can protect by working with a seasoned lawyer from the Smith Law Firm. In this blog, we’re going to explore what exactly asset protection for your real estate is, and why it is important to do to so.

Topics: asset protection Estate Planning Estate Planning Lawyer Living Trust asset protection trust

Critical Retirement Decisions as Boomers Hit Age 70

Happy milestone birthday, Baby! 2016 was the year the first baby boomers will reach age 70. It is also the year for some critical decisions that will affect your retirement years. Here are some deadlines you won’t want to miss.

Watch Out for Mistakes in the List of Doctors Covered by Your Medicare Advantage Plan

Medicare Advantage plans are a popular alternative to regular Medicare because the plans often offer lower out-of-pocket costs, but buyers need to make sure they know what they are paying for. A government review of Medicare Advantage plans revealed that their provider directories were often riddled with errors, causing those plans to face serious fines.

How to Deduct Long-Term Care Premiums From Your Income

Taxpayers with long-term care insurance policies can deduct some of their premiums from their income. Whether you can use the deduction requires comparing your medical expenses to your income in a complicated formula.

Costs of Some New Long-Term Care Insurance Policies Rise in Latest Survey

A couple who are both age 60 and who purchase new long-term care insurance coverage can expect to pay between 6 and 9 percent more compared to a year ago according to the 2017 Long Term Care Insurance Price Index, an annual report from the American Association for Long-Term Care Insurance, an industry group.  But rates for single men and women remained fairly level or, in some instances, actually declined compared to 2016, reports the association.

Is It Better to Use Joint Ownership or a Trust to Pass Down a Home?

When leaving a home to your children, you can avoid probate by using either joint ownership or a revocable trust, but which is the better method?

IRS Issues Long-Term Care Premium Deductibility Limits for 2017

The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2017 income as a result of buying long-term care insurance.

Topics: long-term care insurance

Make Reviewing Your Estate Plan One of Your New Year's Resolutions

The beginning of a new year is a good time to take a look at your estate plan to make sure it is up to date. Less than half of people actually have any estate planning documents in place and many of those people may have outdated documents. Documents that were created when your children were born may need updating 20, 30, or 40 years later, after your family and financial situation have changed entirely.

Happy Thanksgiving

Topics: Uncategorized

Can I Retire and Still Pay for My Kids’ College?

“Believe it or not, you can handle your child's higher education costs and your 401(k) deferrals—you'll just have to start saving years in advance.”

Topics: 401(k) 529 Education Savings Plan asset protection Estate Planning IRA Planning for the Future Retirement Retirement Planning