We are going to look at some out-of-pocket Medicare costs for 2023 in this post, but we will start with a brief explanation of the eligibility requirements. That’s right, every senior citizen does not automatically qualify for Medicare coverage. When you pay payroll or self-employment taxes, you earn retirement credits that lead to eligibility for Medicare and Social Security. The maximum annual accrual is four credits, and you need 40 credits to qualify for these benefits. In 2023, you earn … [Read more...] about An Overview of 2023 Medicare Premiums, Co-Insurance, and Deductibles
Four Fitness Articles from our Move-It Monday Series
Blog Author: Wendy L Harshbarger Director of Marketing and Client Relations Staying active is essential for our physical and mental well-being. It is also proven to help reduce the risk of dementia, diabetes, stroke and heart disease. Check out these four articles we have shared in our "Move-It Monday" social media series to help you incorporate physical activity into your routine. The Joy Workout The New York Times published an article and video by Kelly McGonigal, PhD, a health … [Read more...] about Four Fitness Articles from our Move-It Monday Series
Tax Planning for 2023
Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. As we start off the New Year, we need to think of…tax planning! Some years Congress tweaks the laws more than in other years. While 2022 held plenty of events: the war in Ukraine, an improved “bivalent” coronavirus vaccine addressing new coronavirus variants, the U.S. midterms elections, etc., it was a relatively quiet year for legislative changes impacting planning. … [Read more...] about Tax Planning for 2023
Don’t Be a Turkey – Take Advantage of Your Annual Per Donee Exclusion Amount
Blog Author: Tereina Stidd, J.D., LL.M. (Tax), Associate Director of Education, American Academy of Estate Planning Attorneys, Inc. As we gather with our family, friends, and loved ones to celebrate the Holidays, while year-end obligations may tempt us to rush through the holiday meal and return to “normal,” we should not. Instead, we should stop, savor the moments together, and remember why we choose to spend our time with these individuals. This time of the year offers a special opportunity … [Read more...] about Don’t Be a Turkey – Take Advantage of Your Annual Per Donee Exclusion Amount
Common Mistakes in Estate Planning – Part V
Blog Author: Tereina Stidd, J.D., LL.M. (Tax), Associate Director of Education, American Academy of Estate Planning Attorneys, Inc. Creating an Estate Plan that includes a Revocable Trust, pour-over Will, Property Power of Attorney, Health Care Power of Attorney, Living Will, and Health Insurance Portability and Accountability Act Authorization provides numerous benefits during life and at death. During life, the plan provides directions to your family regarding your medical care and finances … [Read more...] about Common Mistakes in Estate Planning – Part V
Favorite Holiday Recipes of the Litherland, Kennedy & Associates Team
Happy Holidays from the Team at Litherland, Kennedy & Associates. This holiday season, we are sharing some of our team's favorite dishes and traditions. What are some of your favorite dishes? Attorney Justin M. Kennedy - French Silk Pie For special occasions my family used to go to Baker's Square, and this was the pie that my dad would order for a special treat if we were good. Then the restaurant near our house closed, so I took to the internet to learn how to make the pie … [Read more...] about Favorite Holiday Recipes of the Litherland, Kennedy & Associates Team
Is a Person Who is Not a US Citizen Subject to the Federal Estate Tax? (VIDEO)
In this vlog, Litherland, Kennedy & Associates Attorney Justin M. Kennedy discusses whether a person who is not a US citizen is subject to the federal estate tax. … [Read more...] about Is a Person Who is Not a US Citizen Subject to the Federal Estate Tax? (VIDEO)
Common Mistakes in Estate Planning – Part IV
Blog Author: Tereina Stidd, J.D., LL.M. (Tax), Associate Director of Education, American Academy of Estate Planning Attorneys, Inc. Creating an Estate Plan that includes a Revocable Trust, pour-over Will, Property Power of Attorney, Health Care Power of Attorney, Living Will, and Health Insurance Portability and Accountability Act Authorization provides numerous benefits during life and at death. During life, the plan provides directions to your family regarding your medical care and finances … [Read more...] about Common Mistakes in Estate Planning – Part IV
2023 Estate Tax Exemption and Gift Tax Exclusion Update (Video)
In this Vlog, Attorney Maggie A. LaBranch-Gonzales discusses the 2023 Estate Tax Exemption and the 2023 Gift Tax Exclusion. … [Read more...] about 2023 Estate Tax Exemption and Gift Tax Exclusion Update (Video)
Common Mistakes in Estate Planning – Part III
Blog Author: Tereina Stidd, J.D., LL.M. (Tax), Associate Director of Education, American Academy of Estate Planning Attorneys, Inc. Creating an Estate Plan that includes a Revocable Trust, pour-over Will, Property Power of Attorney, Health Care Power of Attorney, Living Will, and Health Insurance Portability and Accountability Act Authorization provides numerous benefits during life and at death. During life, the plan provides directions to your family regarding your medical care and finances … [Read more...] about Common Mistakes in Estate Planning – Part III
