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In my last blog post of 2024, I discuss changes to estate and gift taxes for 2025.  As with Social Security and the Medicaid and VA programs which I have already detailed here in past weeks, inflation adjustments have changed some numbers applicable to estate and gift taxes. Estate tax is due

In this week’s post I will review the updated numbers for 2025 for the VA program that provides a benefit to wartime veterans and their spouses.  Known as the VA Aid and Attendance program, this benefit provides a special pension to eligible applicants who need long term care. The maximum pension amount

In a blog post in October, I updated you on some of the new Social Security and Medicare numbers for 2025.  The recently announced cost of living adjustment (COLA) of 2.5% follows a 2024 increase of 3.2%. Many other federal programs are tied to the Social Security COLA.  These include Medicaid and the

In this third post of three, I discuss the impediment to qualifying for Medicaid when an applicant owns two homes.  To review, only the primary residence is an exempt asset as long as the applicant or spouse is living in it.  The second home is countable towards Medicaid’s asset limit.  Selling the home