For several years we have added to our summer blog a reminder about getting legal documents ready for college. This year our firm has two employees and children of two others graduating from high school (and one from college!) Congratulations Brantley, Caroline, Elizabeth, Lawson and Morgan! While this year’s graduation…
The 2016 Community Spouse Resource Allowance will remain at $119,200 (maximum) and $23,844 (minimum), as recently reported by the Centers for Medicare and Medicaid Services (CMS). In addition, the spousal monthly maintenance needs allowance will remain $2,980.50 a month. For medicaid eligibility, the income cap is projected to remain at $2,199.…
The estate and gift tax exemption for 2016 is increased to $5.45 million per individual– increased from $5.43 million in 2015. With the exemption, a US citizen is able $5.45 million to heirs and pay no federal estate or gift tax. A married couple may combine the exemptions to protect…
According to the National Association of Unclaimed Property Administrators, states are holding approximately $41.7 billion in unclaimed assets, including dormant bank accounts, stock splits, life insurance payouts, gift cards and un-cashed payroll checks among other funds. Have you searched your own name to see if you have unclaimed property? For…
An executor is named in a Will to manage the decedent’s affairs upon the decedent’s death. Before naming an executor or agreeing to serve in the role of an executor, there are a few things to you should know. An executor is given the responsibility of ensuring that a decedent’s…
StoneMyers Law will become StoneMyers Law PLLC effective January 1, 2015. Please make a note of the change.