Inheritance Tax

By: Shannon K. Mumaw – Associate Attorney Just as there are taxes owed during life, there are taxes owed upon death. One such tax imposed after death is inheritance tax. Inheritance tax is imposed on any property passing from a decedent to a beneficiary, except for property passing to those beneficiaries who are statutorily exempt …

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Aid & Attendance – The “Secret” Benefit for Aging Veterans and Their Spouses

By: Lindsay V.R. Moss, Esq., Senior Principal, Elville and Associates, P.C. lindsay@elvilleassociates.com  Aid and Attendance Improved Pension Benefit (A&A), is a little known benefit offered through the Veteran’s Administration (VA) for Veterans and surviving spouses of Veterans.  Aid & Attendance can be used to cover the cost of in-home health care, or be used towards …

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What Can ABLE Accounts Qualified Disability Money Be Spent On (Qualified Disability Expenses)?

ABLE (Achieving a Better Life Experience) accounts offer people with disabilities a great, tax-free way to accumulate money without jeopardizing their qualifications for Supplemental Security Income (SSI) and other means-tested programs. Withdrawals are tax-free as long as the money is used for “qualified disability expenses.”  The arguments for starting and maintaining such funds are overwhelming, not …

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What Is a Qualified Disability Expense Under an ABLE Account?

ABLE (Achieving a Better Life Experience) accounts offer people with disabilities a great, tax-free way to accumulate money without jeopardizing their qualifications for Supplemental Security Income (SSI) and other means-tested programs. Withdrawals are tax-free as long as the money is used for ABLE “qualified disability expenses accounts.”  The arguments for starting and maintaining such funds are …

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Guardianship & the Alternatives — What Parents, Family Members & Advisors Need to Know

The decision to pursue guardianship — to obtain the legal authority to make decisions for another person — is one that has many intricacies to it and should not be taken lightly. There are also many alternatives to guardianship to consider as well, which is why speaking with a qualified attorney is extremely important during …

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