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September, 2014 | Knapp Law Firm, PC

Monthly Archives: September 2014

What long term care planning tips can you pass along?

What long term care planning tips can you pass along?
I got a lot of phone calls about long term care planning after an article on Medicaid planning I ran a month or so ago. There were common areas of concern from spouses, parents and children caring for loved ones about the nature and range of financial planning options for long term care so here…
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Five Planning Pointers for Parents with Disabled Children

Five Planning Pointers for Parents with Disabled Children
1. Buy enough life insurance. A parent is irreplaceable. However, someone will have to fill in. It may be siblings or other relatives. In all likelihood, that family will have to pay for at least some services the parent or parents had provided when able. If the estate is not large enough for this purpose,…
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SC Homestead Exemption Program

SC Homestead Exemption Program
The Homestead Exemption provides tax relief to South Carolinians who are age sixty-five or older, blind, or disabled. In order to qualify you must: 1. You must be a co-tenant, have a joint with rights of survivorship interest, or a life estate in your primary residence 2. As of December 31 of the preceding tax…
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