What the New Tax Law Means for Seniors – Part 2
In last week’s blog I told you about some of the changes in the new tax bill. This week I’ll cover some more as well as some changes that were discussed but didn’t happen. The mortgage interest deduction has been reduced. Now taxpayers can deduct the interest on
How the Republican Tax Bill Might Affect Seniors
With the Republican Congress and President Trump determined to push thru their tax bill at warp speed, there has been much discussion about how it will provide a big tax cut for corporations and the wealthy and super wealthy while it could hurt the poor and middle class who
Governor Christie Signs New Law to Cover Digital Assets
On September 13, 2017 Governor Christie signed a new bill into law, the Uniform Fiduciary Access to Digital Assets Act (“UFADAA”). The new law becomes effective 90 days from the date of signing, December 12, 2017. The issue of accessing digital assets has become an increasingly troublesome one over
What Seniors Can Do to Protect Themselves From Identity Theft (Part 2)
Last week I told you about what you can do to monitor your credit report to keep an eye out for identity theft that may have occurred as a result of the recent Equifax data breach. This week we’ll talk about a more proactive approach, trying to stop theft
What Seniors Can Do to Protect Against Identity Theft
You may have heard about the most recent data breach that occurred earlier this month. The credit reporting agency, Equifax announced that their supposedly secure computer system was hacked. As many as 143 million Social Security numbers, names and addresses were accessed.
The Latest Republican Efforts to Repeal and Replace Obamacare
Several months ago I wrote about the first attempt to repeal and replace Obamacare since the 2016 elections, which failed. The latest attempt, revived by New Jersey Congressman Tom MacArthur, passed thru the House of Representatives. The Senate, in secret meetings that have stirred more controversy, put out its
Trumpcare – What Doe it Mean for Long Term Care? (Part 2)
Last week I was discussing the impact that the Republican party’s health care bill, dubbed by some “Trumpcare”, might have on long term care. As of Friday it appears that the American Health Care Act is dead and Obamacare, at least for now, is still with us. Nevertheless, let’s
Trumpcare – What Does It Mean for Long Term Care?
As is a majority of the country, I am watching with great interest the development of President Trump and the Republican party’s proposal to repeal and replace Obamacare. As an eldercare attorney focused on helping families figure out how to pay for long term care, someone asked me the
A Most Unusual Support System
A recent story that made the news and spread quickly via the Internet reminds us of the importance of having a support system in place because you just never know when you might need it. In this case it came from a very unlikely source. A Domino’s Pizza shop
Major Changes to Social Security on the Horizon (Part 2) #SocialSecuritychanges
Last week we were discussing some of the changes to Social Security that will be happening in 2016. Let’s look at some more. Under current rules, if a married beneficiary applies for Social Security benefits between age 62 and full retirement age (currently 66), he/she will receive whichever is