Month: November 2015

For clients with LTC insurance, please make sure you (or your accountant) include the premium with other unreimbursed medical expenses to determine how much you can deduct. LTC insurance is expensive (especially newer policies) and having the ability to deduct some or all of the premium is important to bring the cost down. See the following link for details.

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Q. My grandmother died without a will. She had two children and seven grandchildren. One of her children — my mother — is deceased. How would her assets be split?  — Wondering

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