The MLO Minute ESTATE PLANNING IN THE WAKE OF THE NEW TAX ACT January 2018: In the past decade, estate planning for families has changed dramatically, and the new Tax Act is another significant development. The new tax bill which has been signed into law doubles the estate tax exemption, so that couples with up to…
The MLO Minute Prepay 2018 State and Local Taxes? December 21st, 2017: A new comprehensive tax act was passed this week by the House and Senate. Originally, most tax professionals anticipated that this bill would permit state and local taxes due in 2018 to be prepaid in 2017 to avoid the $10,000 cap on these…
Pay full state and local taxes in 2017, before we lose the deduction in 2018 By Erin Arvedlund, Inquirer Staff Writer What impact will new legislation have on our taxes for 2018? The Pennsylvania Institute of CPAs recommends that we taxpayers take the following defensive steps: Defer income this year and give to charity; sell off…
Medicare Prescription Drug Coverage and Palliative Care Expensive Specialty Drugs Are Forcing Seniors to Make Hard Choices There is a growing problem with Medicare prescription drug coverage for seniors who take high-priced specialty drugs: There is no cap on how much they pay. Each prescription drug plan is structured a little differently, but people with…
Supported Decision Making in Delaware By Caitlin McAndrews, Esq., McAndrews Law Offices, P.C. Supported decision making as a concept is the idea that individuals with or without disabilities may look to trusted friends and family for support in making important life decisions, particularly with regard to health care and finances. In the context of the…
Retirement Savings Account Limits for 2018 Lost amid the uproar following recent news reports that GOP lawmakers are considering capping pretax 401(k) contributions at $2,400 annually — compared with $18,000 currently — was some good news from the IRS, of all places. The tax agency has announced new, higher contribution limits in 2018 for various…
“MLO’s Connections with Journalists” By Allyson McAndrews, M.Ed., Director of Marketing, PR, and Communications, McAndrews Law Offices, P.C. Since its inception in 1982, McAndrews Law Offices has maintained excellent relations with a great many members of the print and broadcast news media. During these 35 years, our attorneys and I have found journalists to be…
“Five Reasons Why October is a Great Month for Estate Planning” By Dennis McAndrews, Esq., Founder & Managing Partner of McAndrews Law Offices, P.C. and Lesley Mehalick, JD, LLM, Supervising Partner of McAndrews Law Offices’ Estate Planning Department The process of creating or reviewing an estate plan is an activity that is easily set aside…
Straight from our office: Strategies for a Successful School Year! The beginning of the school year can be stressful for students and families – but it doesn’t have to be! Learn from our experts with decades of experience advocating for children and their educational rights on tips for having a successful school year! Click here…
Back-To-School Reflections and Advices, by Dennis McAndrews, Esq., Founder and Managing Partner of McAndrews Law Offices, P.C. Every year for the past 30 years, my wife, Elizabeth, and I have been involved with back-to-school activities for one or more of our four daughters. 2017 is the first year since 1987 that we have not transitioned…