2021 May Spell Changes to Estate Tax and Stepped-Up Basis Rule

A new administration usually means that tax code changes are coming. While it remains unclear exactly what tax changes President Biden’s administration will usher in, two possibilities are that he will propose lowering the estate tax exemption and eliminating the...

What is Long-Term Care and Who Provides It?

Long-term care is the care you need if you can’t perform daily activities on your own for an extended period of time. There are a number of different ways that long-term care can be provided. Most long-term care involves assisting with basic personal needs rather than...

Key Elder Law Numbers for 2021: Our Annual Roundup

Below are figures for 2021 that are frequently used in the elder law practice or are of interest to clients. Medicaid Spousal Impoverishment Figures for 2021 The new minimum community spouse resource allowance (CSRA) is $26,076 and the maximum CSRA is $130,380. The...