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As we age, the decrease in independence and concurrent increasing need for care which often occur can be a source of stress and conflict in many families. Adult children who must provide care to aging parents or who...

aThe Social Security Administration released the federal benefit rate for the 2013 Supplemental Security Income (SSI) benefits as follows: The benefit amount for an individual SSI recipient in 2013 is $710 per month (an increase from $698/mo. in...

On October 26, 2012, David McLenachen, Director of the Pension and Fiduciary Division, Department of Veterans Affairs (VA), issued Fast Letter 12-23. Described as a clarification of VA policy, this fast letter actually substantially tightened the eligibility criteria...

The Internal Revenue Service (IRS) announced increased deductibility levels for individuals with long term care insurance policies in 2013.  According to Revenue Procedure 2012-41, the deductible limits range from a low of $360 to as much as $4,550 per...

The Internal Revenue Service (IRS) recently issued Revenue Procedure 2012-41 which set forth inflation-adjusted revenue items for 2013. Among other things, the IRS announced that the annual gift tax exclusion amount will increase in 2013 to $14,000 made by a taxpayer...