» Legacy Law Center

Social Security Is Not as Doomed as You Might Think

April 6th, 2016

If you listen to some politicians and alarmist headlines, then you might reach the conclusion that the Social Security system is doomed to fail at any time. The reality is that while the system needs adjustments the situation is not completely broken… Read More

Tags: Elder Law,

Are Americans Confused about Taxing the Rich?

April 5th, 2016

A new poll reveals that the majority of Americans agree with eliminating the estate tax, which suggests that they want to lower taxes on the wealthy. The same poll also suggests, however, that the majority of Americans want to increase taxes on the r… Read More

Categories: Current Affairs, Estate Planning, Taxes, Weblogs

Tags: Estate Tax, Tax Reform

How to Apply for Social Security

March 31st, 2016

When to apply for Social Security benefits is an important decision that requires careful consideration, but it is also important to know how to apply. It is very easy to find advice about when you should apply for Social Security benefits. Informati… Read More

Tags: aging issues, apply, Elder Law, , timing

Should Dave Ramsey Be Regulated?

March 21st, 2016

The Department of Labor's pending regulation concerning financial planners who handle retirement accounts has caused some concern that popular media figures like Dave Ramsey might be censored. Elder law advocates have long been concerned that pe… Read More

Tags: advice, Elder Law, estate planning, financial advisors, free advice, laws, radio, Retirement

When You Must Withdraw From an Inherited IRA

March 18th, 2016

Many people are under a false impression that they do not need to make withdrawals from an IRA they have inherited until they would have to take withdrawals from an IRA they initiated. To avoid penalties it is important to understand the rules. If yo… Read More

Tags: Inheritance, Inherited IRA, withdraw

The Percentage of Income You Might Get From Social Security

March 17th, 2016

Social Security is designed to be a pension system that replaces income when people retire. However, it is not designed to be a full pension that replaces your entire income. It is therefore important to know what percentage of your current monthly i… Read More

Tags: Elder Law, Retirement,

Should You Take Social Security at 67?

March 16th, 2016

One of the most important decisions that seniors make is when to start taking Social Security benefits. The full retirement age for most people is 67, but that does not necessarily mean that everyone should wait to start benefits until then. American… Read More

Tags: age, benefits, Elder Law, money,

President Obama's Proposed Tax Changes for Estates

March 14th, 2016

The last proposed budget of Barack Obama's presidency contains several changes to the tax codes important to estate planning. President Obama has submitted his last budget proposal to Congress. It contains many of the same changes to the tax cod… Read More

Categories: Current Affairs, Estate Planning, Taxes, Weblogs

Tags: estate planning, Estate Tax, Obama, proposal, tax change, taxes

Fixing Backlog of Medicare Appeals Costly

March 11th, 2016

The Congressional Budget Office estimates that a bill to fix the backlog in Medicare appeals could cost $1.7 billion. The Audit & Appeals Fairness, Integrity, and Reforms in Medicare Act is a bipartisan effort in the Senate to help with the curre… Read More

Tags: appeals, bill, budget, congressional, coverage, denial, doctors, Elder Law, health and human services, judge, law suit, Medicare, Medicare Appeals, payments, process, senate

Inheriting Polluted Property Can Be Expensive

March 9th, 2016

Inheriting commercial real estate can seem like a financial windfall for many people. But it can turn into a financial nightmare if environmental pollution is later discovered on the property. In "Contaminated Property Makes for Costly Inheritan… Read More

Tags: Disclaim Inheritance, Heirs, Inheritance, Real Estate

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