Starting January 1, 2016, Medicare is expanding coverage to include “advance care planning.” Advance care planning is designed to help individuals identify their health care options for end-of-life care and determine which option best fits their needs and wishes. Often, this may include creating or updating a living will that clearly reflects the individual’s preferences […]
Starting January 1, 2016, Medicare is expanding coverage to include “advance care planning.” Advance care planning is designed to help individuals identify their health care options for end-of-life care and determine which option best fits their needs and wishes. Often, this may include creating or updating a living will that clearly reflects the individual’s preferences […]
The death of a loved one is often met with a period of grief and adjustment. Determining what must be done to wind up the decedent’s financial affairs can be overwhelming, especially during this time. The following are some steps that should be considered when a loved one dies: Final Arrangements. The most immediate task […]
In 2015, Iowa enacted the ABLE (Achieving a Better Life Experience) Act, which allows tax-free savings accounts for individuals with disabilities to pay for certain qualified expenses related to their disability. The ABLE accounts are expected to be available for Iowa residents beginning July 1, 2016. ABLE accounts are modeled after 529 college tuition savings […]
Having an updated estate plan is an important step for individuals at any stage of their life; however, later in life, there are additional concerns that should also be addressed and planned for to make for a smooth transition into retirement age and beyond. Retirement. It is important throughout your career to discuss your retirement […]
Powers of Attorney are a great planning tool and while most commonly used in the case of one’s incapacity can in fact be useful in many situations. A Power of Attorney authorizes another person, your agent, to act on your behalf. A Power of Attorney can be executed at any time so long as you […]
A lot of time and thought is put into your estate plan to limit costs and provide for a smooth transition for your family upon your death. However, while your estate plan may have been effective in accomplishing these goals when it was made, it could now be out of date. It is very important […]
