Older parents are becoming more common, driven in part by changing cultural mores and advances in infertility treatment. Comedian and author Steve Martin had his first child at age 67. Singer Billy Joel just welcomed his third daughter. Janet Jackson had a child at age 50. And these older parents have special estate planning considerations.
Bradford & Holliman Blog
Generally, 2018 long-term care insurance costs are going up, but some policies are going down.
The amount that can be deposited in an ABLE account each year without jeopardizing public benefits will rise from the current $14,000 to $15,000 starting in 2018. This increase is tied to the federal gift tax exclusion which is also rising from $14,000 to $15,000 due to inflation. This increase makes ABLE accounts that much more […]
Who knows what tax reform will bring, but you still need estate planning.