This month we are exploring social problems threatened by the “Baby Boomer” generation’s looming retirement and how the SECURE Act offers tax incentives to help reduce those problems.
SECURE Act changes to IRAs will affect you or someone you know in 2020. The ‘‘Setting Every Community Up for Retirement Enhancement Act of 2019’’ (SECURE Act) begins on page 604 of H. R. 1865, the 715-page Congressional appropriations bill that President Trump signed on December 20, 2019. This article highlights some SECURE Act provisions and suggests income tax planning strategies that may help some families reduce tax burdens.
This article describes special problems challenging some older married folks, and explains how elder law attorneys are using family law tactics to help solve those problems.
We are focusing this article on some of the legal and public policy issues affecting service animal and assistance animal availability and usage.
Service animals and assistance animals are advancing far beyond family pet status. High-performance creatures are helping military veterans and other people adapt to and overcome many disabilities.
“Fancy estate plan binders hide weak contents” should be a mantra for estate planning lawyers and their clients. We have heard clients praise the appearance of leather estate plan binders; especially binders embossed with gold lettering, Unfortunately, most of those clients pay dearly for weak estate plan is that did not address their issues adequately, […]
Governor Holcomb invited Hawkins Elder Law attorney Jeff R Hawkins and other stakeholder representatives to witness the Governor’s July 8 ceremonial signing of Senate Enrolled Act 112 (SEA 112) and Senate Enrolled Act 380 (SEA 380) at the Governor’s Residence. During the ceremony, the Governor recognized key legislators and advocates that had supported the pair […]
Medicaid application trial and error creates big problems for nursing home residents. Unfortunately, it is a common practice that creates financial nightmares for nursing home residents’ families. This article explains common Medicaid application problems and suggests when people should seek professional help from experienced elder law attorneys. Medicaid Application Trial and Error – Repetition Doesn’t […]
A “free” power of attorney is very much like free firearms, free explosives, and free hazardous chemicals. Each item may be useful when someone uses it properly, but it would be irresponsible to deliver such things to people randomly. This article explains why it is dangerous for people to sign an off-the-shelf, “free” power of […]
SECURE Act IRA changes may affect retirement planning strategies dramatically. On May 23, 2019, 417 members of the U.S. House of Representatives voted to change IRAs with the “SECURE Act” (Setting Every Community Up for Retirement Enhancement Act of 2019). If Congress and the White House agree on a bill, it will change the landscape for retirement contributions and required IRA withdrawals. This article describes some of the SECURE Act’s key aspects and an alternative U.S. Senate bill.