 |
 |
January
2011
|
| In This
Issue |
|
|
|
Obama Signs Tax-Cut Bill Setting Estate Tax Exemption at $5
Million for Two Years
Congress has passed and
President Obama has signed into law the deal the President struck
with Congressional Republicans extending the Bush tax cuts. The
legislation restores the estate tax for two years at a 35 percent
tax rate, with estates up to $5 million exempt from paying any tax
($10 million for couples).
Federal Program Helps Nursing Home Residents Move Home
Once
someone enters a nursing home, it isn't always easy to move out
again. While some residents may prefer nursing home care to living
on their own, others would rather be independent. For residents who
want to move out but need some assistance to live on their own,
there may be help available.
Do Surviving Spouses Have a Right to a 401(k) or an IRA?
When
choosing a beneficiary for a retirement plan, it is important to
understand how your spouse will be treated under the plan. Surviving
spouses are treated differently under 401(k)s and individual
retirement accounts (IRAs). While a 401(k) provides protections for
a surviving spouse, an IRA does not.
As Predicted, Social Security Closes Door on Benefits
'Do-Over' Strategy
The Social Security
Administration has eliminated a loophole that had allowed Social
Security recipients to start receiving benefits when they first
became eligible without being permanently locked into the lower
benefit level.
|
|
|
| Disclaimer:
The information contained in this newsletter is not intended
as legal advice and should not be relied upon to answer any
specific questions concerning your own circumstances or for
purposes of legal planning. For specific legal advice, please
contact our offices. |
| |
|
.gif){kind=small}
.gif){kind=spacer}
.gif){kind=small}
.gif){kind=small}
.gif){kind=spacer}
.gif){kind=small}
.gif){kind=small}
.gif){kind=spacer}
.gif){kind=small}