Each month, the Law Offices of Linnea J. Levine PC will provide the latest Elder Law News for your consumption. Our hope is to keep you informed on any and all relevant information at our disposal. This month’s topic: How Will the New Tax Law Affect You?
Linnea celebrates her 25th year assisting families in the practice areas of Elder Law, Special Needs Planning and Estate Planning to preserve their assets and to obtain quality care and eligibility to receive public benefits.
While most of the new tax law has to do with reducing the corporate tax rate from 35 percent to 21 percent, some provisions relate to individual taxpayers, including changes to the estate tax and 529 accounts
If you will soon turn 65 and be applying for Medicare, you should carefully consider which Medigap policy to enroll in because two of the most popular plans will be ending soon.
Medicaid has strict asset rules that compel many applicants to “spend down” their assets before they can qualify for coverage. It is important to know what you can spend your money on without endangering Medicaid eligibility.
Since 1998 Linnea qualified and has maintained her qualifications for the designation of Certified Elder Law Attorney (CELA) awarded by the National Elder Law Foundation, approved by the American Bar Association. (The Rules Committee of the Connecticut Superior Court currently does not recognize Elder Law as a concentrated area of practice). She has repeatedly been named as a Super Lawyer in Elder Law for the New England Region. Linnea was named “Most Valuable Member for 2014” by the Connecticut Chapter of the National Academy of Elder Law Attorneys.