The Benefits of the Long Term Care Insurance Partnership Policy

It has been two years since the Long Term Care Insurance Partnership Program came to Ohio. Although there was quite a bit of promotion at the time, there was some confusion among consumers as to the benefits of the...

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Tax Basics for Families with Special Needs

Families of children and adults with disabilities often require a variety of services in order to fully meet the needs of the disabled person as well as the rest of the family.  The financial resources available to pay for...

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Tax Basics for Families with Special Needs

Families of children and adults with disabilities often require a variety of services in order to fully meet the needs of the disabled person as well as the rest of the family.  The financial resources available to pay for...

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Six Things to Consider when Writing Your Will

The first major hurdle in writing a Will is procrastination. Just thinking about death and dying makes some of us a little anxious. Once past that obstacle, there are six things that you should consider to be sure that...

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Seniors and Obamacare (The Affordable Care Act)

Dear Mr. Premack: We are hearing everywhere that October 1 is when Obamacare starts. I hear and see lots of news and ads criticizing Obamacare and don’t want to have to pay extra taxes or change my doctor because...

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Reverse Mortgages

Hardly a day goes by that you may not see an ad by a famous movie star, or retired politician on television advertising reverse mortgages.  So why would a bank spend significant funds on advertising to “sell money” when...

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Public Benefits for the Disabled

Two types of monthly income and medical coverage benefits may available to disabled individuals. Entitlement benefits are available to those who have sufficient quarterly credits paid into the Social Security system. Welfare benefits are provided to those disabled individuals...

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Not Wise to Wait and Plan

Over the last month I have consulted with many lovely and inspiring clients age 90 and up. These clients share the common goals of making sure they receive quality care for the remainder of their lives while at the...

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Medicaid Questions and Answers

Is the concept of planning to become eligible for Medicaid Coverage of my Long Term Nursing Home Care Expenses, unethical, illegal, or immoral? Answer:  Only if you view Tax Reduction Planning as unethical, immoral or illegal.  The biggest difference is...

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I Do, But I Don’t

Modifying Estate Plans in the Face of Catastrophic Illness By far, the most popular estate plan that I draft is what I refer to as the “I Love You" plan. Husband executes a will leaving everything to wife. Wife executes...

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