by NorthernLaw | May 18, 2022 | Uncategorized
If you are about to turn 70, congratulations on reaching a big milestone. And if you also have delayed claiming Social Security retirement benefits up till now, you are joining a select group — only 6.5 percent of Social Security recipients put off collecting...
by NorthernLaw | May 18, 2022 | Uncategorized
If your spouse dies, you may have to decide whether or when to sell your house. There are some tax considerations that go into that decision. The biggest concern when selling property is capital gains taxes. A capital gain is the difference between the...
by NorthernLaw | Apr 21, 2022 | Uncategorized
When a married couple applies for Medicaid, the Medicaid agency must analyze the couple’s income and assets as of a particular date to determine eligibility. The date that the agency chooses for this analysis is called the “snapshot” date and it can have a major...
by NorthernLaw | Apr 21, 2022 | Uncategorized
Running a small business can keep you busy, but it should not keep you from creating an estate plan. Not having a plan in place can cause problems for your business and your family after you are gone. While an estate plan is important for everyone, it is especially...
by NorthernLaw | Mar 21, 2022 | Uncategorized
Many people believe that Medicare covers nursing home stays. In fact, Medicare’s coverage of nursing home care is quite limited. Medicare covers up to 100 days of “skilled nursing care” per illness, but there are a number of requirements that must be...
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