What Is Critical Illness Insurance and Is It Worth Buying?

Clifford M. Cohen January 26, 2021 No Comments

Many employers offer critical illness insurance as part of their benefit package. What is this insurance and is it worth purchasing? Before paying for a plan, you should read the…

Five Reasons to Have a Will

Clifford M. Cohen January 8, 2021 No Comments

Your will is a legally-binding statement directing who will receive your property at your death. Why should you have a will? Here are some reasons.

older man and woman looking at document handing to them by attorney

Watch Out for These Potential Problems with Life Estates

Clifford M. Cohen December 3, 2020 No Comments

Life estates can be an excellent tool for Medicaid planning, probate avoidance and tax efficiency, but there are potential problems to look out for.

End-of-Life Care Decision Making

Clifford M. Cohen December 3, 2020 No Comments

Just as we create estate plans for our eventual demise, we also need to plan ahead for the possibility that we will become sick and unable to make our own…

Special Tax Deduction for 2020 Allows Donations of $300 to Charity Without Itemizing

Clifford M. Cohen December 3, 2020 No Comments

As we enter the giving season, there is an additional reason to be charitable. Congress enacted a special provision that allows more people to easily deduct up to $300 in…

Experienced business woman working in her home office, with her laptop and a work journal on the table. Mature woman staying focused and productive, even in the comfort of her own home.

Gifts to Grandchildren: What Do UGMA and UTMA Have to Do With Grandma?

Clifford M. Cohen November 11, 2020 No Comments

The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) are sometimes called the “granddaddies” of college savings accounts.

Understanding the Common Types of Trusts

Clifford M. Cohen October 7, 2020 No Comments

There are a number of different kinds of trusts, but they fall into two basic categories: testamentary and inter vivos.

How Will the Coronavirus Pandemic Affect Social Security?

Clifford M. Cohen September 23, 2020 No Comments

The coronavirus pandemic is having a profound effect on the current U.S. economy, and it may have a detrimental effect on Social Security’s long-term financial situation.

Which Nursing Home Rating System Should You Trust?

Clifford M. Cohen September 23, 2020 No Comments

Choosing a nursing home for a loved one is a difficult decision and it can only be made more confusing by the various rating systems. A recent study found that…

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Can You Transfer Your Medicare and Medicaid Plans When You Move to Another State?

Clifford M. Cohen September 23, 2020 No Comments

If you plan to move states, can you take your Medicare or Medicaid plans with you? The answer depends on whether you have original Medicare, Medicare Advantage, or Medicaid.

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