Welcome to the February edition of the newsletter for CRTS™ certificants!
The Basics of Senior Living and Care Communities
If you’re exploring the possibility of a senior living community or long-term care for yourself or a loved one, you’ll soon find there’s a bit of a learning curve related to the different types.
One way to think of the scope and variety is in terms of services, which range from just a few conveniences in independent living communities to comprehensive skilled care in nursing homes. In between is a wide assortment of assisted living facilities, including small home settings and large complexes.
Federal Estate and Gift Tax Updates for 2019
The IRS has published new guidelines relating to estate and gift tax changes for 2019. Starting this year, estates of decedents who die during 2019 have a basic estate tax exemption amount of $11,400,000 (increased from $11,180,000 in 2018). This means that the estate of a person dying in 2019 with more than $11.4 million in assets may pay a federal estate tax (on assets which do not pass to charity or to a surviving spouse). Over both deaths of a married couple, $22,800,00 may pass estate tax-free to the next generation.
When to Schedule Your Moving Day?
OK so you’ve begun the retirement community research, maybe you’ve even toured some communities — when do you finalize a moving day? When is the right time to make the move?
A recent article by the Wall Street Journal argues the sooner you make the move the better.