Our Top 20 Articles of 2020
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Last year (2020) was quite a year and, like most people, I am glad to see it go! Those who read our newsletter or follow our blog know that we covered a lot of ground during this challenging year. COVID-19 uprooted many areas of life. COVID-19 outbreaks in nursing homes were and still are a reason for worry, but much has been done to effectively deal with these issues, including, of course, two newly-released
vaccines last month.
Beginning in March 2020, the CARES Act helped seniors, small businesses, and others during the coronavirus pandemic. The Families First Coronavirus Response Act (FFCRA) was also instated as an emergency aid package that Congress approved amid the coronavirus outbreak, including $250 million for senior nutrition programs. The Paycheck Protection Program also provided $525 billion to more than 5 million
recipients, with loans that could be fully forgiven if the businesses spent at least 60% of the proceeds on payroll costs. The first iteration of the PPP was a success with tens of thousands of businesses receiving hundreds of billions of dollars that went toward keeping people in their jobs. The second iteration was approved last
week.
In addition, this past year, the federal estate tax exemption increased to $11.7 in 2021 (up from $11.58 million in 2020). If you are fortunate enough to have such a large estate, the amount in excess of the exemption will be taxed at 40%. On the gift tax side, the annual gift tax exclusion amount remains at $15,000 for gifts made in 2021, so you can gift up to $15,000 to each recipient without having to file
any gift tax return or declare any gift.
Many new findings in dementia and Alzheimer’s research were also uncovered this year. Click here to read about some of them!
To celebrate the new year, we’ve ranked our 20 most popular articles from 2020. 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.
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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