Posts Categorized: Estate Planning
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Using Trusts for Long-Term Care Planning
Since the Deficit Reduction Act of 2005, trusts have become an increasingly popular tool for asset protection in long-term care planning. This legislation increased the look-back period from three years to five years for gifts to individuals, but maintained the...Changes to Powers of Attorney under South Carolina’s Uniform Power of...
Disclaimer The information on this website is a public resource of general information, which is intended, but not promised or guaranteed, to be correct, complete and up-to-date. The information on this website is not intended to be, and is...Qualified Long-Term Care Expenses
Are long term care expenses deductible? Yes, if certain requirements are satisfied and the expense is a deductible medical expense. The tax law generally provides that expenses for medical care are deductible to the extent that they are not...Recent Posts
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