Those who read our newsletter or follow our blog know that we covered a lot of ground in 2019. This past year, the Federal Tax Act increased the federal estate and gift tax exemption from $11.18 million dollars per person to $11.4 million dollars per person ($22.8 million dollars per couple). On the gift tax side, you can now gift up to $15,000 to each recipient each year without having to file any gift tax
return or declare any gift.
This past year, the Federal government issued new rules affecting more than 21 million seniors enrolled in the Medicare Advantage (MA) Health Plan. The changes resulted in plan participants (approximately 36% of the total Medicare population) receiving new and more flexible supplemental benefits.
The BOLD Act (Building Our Largest Dementia Infrastructure for Alzheimer’s Act), a measure aimed at building a public health model to fight Alzheimer’s disease and other dementias, was signed into law. The SECURE Act (Setting Every Community Up for Retirement Enhancement), which involved taxpayer-friendly measures including the increased federal estate and gift tax exemptions mentioned above, was designed to boost retirement savings and it was also signed into law.
At the Farr Law Firm, we expanded with the addition of probate paralegal, Tony Bond, and Client Service Assistant, Brenda Demello.
To celebrate the new year, we’ve ranked our 19 most popular articles from 2019. Check out the list to see the year’s highlights and remind yourself of the most important issues of the past year and tell us what you’d like to see next year. And as always, thank you for reading our newsletter and blog! We are here to educate and to make a positive difference in your life and the lives of those you
love!
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Click "Read more" below for links and brief summaries for our top 19 articles of 2019, ranked from #19 to #1!
Critter Corner: What We Can Learn from Critter Corner Pets in 2020
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I have really enjoyed reading Critter Corner over the years. The pets at the Farr Law Firm sure are knowledgeable about things related to aging, elder law, estate planning, and special needs planning. I was wondering if you and some of the other pets would impart your wisdom about life lessons, especially as it is the start of the new year. Thank you for all of your sage
advice!
Order Books by Evan Farr, 4-Time Best-Selling Author
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Certified Elder Law Attorney and Medicaid Asset Protection Expert, Evan H. Farr, CELA, has written four best-selling books in the field of elder law. For more information and to order, click here.
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