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Monthly Archive for: "November, 2021"
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By Chad Oldham
In Elder Law News
Posted November 20, 2021

IRS Issues Long-Term Care Premium Deductibility Limits for 2022, and They Look Pretty Familiar

The Internal Revenue Service (IRS) has announced the amounts taxpayers of different ages can deduct from their 2022 income as a result of buying long-term care insurance, and the figures are [...]

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By Chad Oldham
In Elder Law News
Posted November 18, 2021

Medicare Premiums to Increase Dramatically in 2022

Medicare premiums are rising sharply next year, cutting into the large Social Security cost-of-living increase. The basic monthly premium will jump 15.5 percent, or $21.60, from $148.50 to [...]

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By Chad Oldham
In Elder Law News
Posted November 16, 2021

A Way to Lock in the Current Estate Tax Exemption to Benefit Your Spouse

With the fate of the estate tax exemption uncertain, you may want to use the current large exemption to transfer assets to a trust to benefit your spouse. A spousal lifetime access trust [...]

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By Chad Oldham
In Elder Law News
Posted November 9, 2021

What It Means to Need ‘Nursing Home Level of Care’ for Medicaid Eligibility

When applying for Medicaid’s long-term care coverage, in addition to the strict income and asset limits, you must demonstrate that you need a level care typically provided in a nursing home.  

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By Chad Oldham
In Elder Law News
Posted November 4, 2021

Who Makes Health Care Decisions When You Can’t?

Being able to make health care decisions for ourselves is so important to us, but what happens if you become incapacitated and are unable to voice your opinion? If you don’t have a health care [...]

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By Chad Oldham
In Elder Law News
Posted November 3, 2021

Closing of Social Security Field Offices Disrupted SSI Benefits for Thousands, Lawsuit Charges

When the SSA closed its offices at the onset of the COVID-19 pandemic, it failed to provide practical ways for the elderly and people with disabilities to demonstrate their eligibility or [...]

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Mr. Oldham’s areas of practice are estate planning, elder law, probate and trust administration, estate and trust taxation, charitable and not-for-profit planning, business succession, wealth preservation planning, and special needs planning.

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603 Southwest Drive
Jonesboro, AR 72401
Phone: 870-930-9919
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