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Have you planned for what might happen if you were to require long term care? According to the US Department of Health and Human Services, 70% of those currently 65 years old will need some form of long term care in their lifetimes. Medicare has limits on long term care coverage, and long term care insurance can be pricey and may only cover certain expenses. Most Americans have not saved enough money to cover the costs of long term care out of pocket. In such cases, many requiring long term care will need to apply for assistance through Medicaid.
Lexington, NC –Brinkley Walser Stoner has joined NCServes Central Carolina, a branch of AmericaServes, a network of organizations providing a broad range of coordinated assistance to veterans and their families. NCServes utilizes technology to improve communication, transparency, and effectiveness of their support services.
Lexington, NC – Attorney Ryan McNeill of Brinkley Walser Stoner will present a seminar on Elder Law Planning on February 21 at the Mabel D. Smith Senior Center in Greensboro. The session will cover long-term care planning, including relevant changes in the estate laws. The event is free and open to the public.
The updated 2018 tax bill signed into law in December has many people worried about how the changes will impact them. Among a host of changes, the bill increases the standard deduction, expands the Child Tax Credit, removes the “marriage penalty” for most individuals, limits the deduction for state and local taxes, and changes the rules on deducting mortgage interest, charitable donations, and medical expenses. The new tax bill also lowers tax rates for most corporations and for many individuals, and changes how pass-through income earned by owners of sole proprietorships, LLCs, and S corporations, is handled (different limits apply to professional services business owners).
Lexington, NC – E. Drew Nelson, an Associate at Brinkley Walser Stoner, was elected to serve a one-year term as Vice President of District Bar 22B, covering Davidson and Davie Counties, and one of 45 Judicial District Bars in North Carolina.
“I am excited to become more involved in a leadership role with our local District Bar,” says Nelson. “While most people assume there is a single bar association for each state, attorneys must be members of their local District Bar to remain active and retain their license. The District Bars assume a different role than the state bar associations. I am pleased to become more involved in supporting the judicial process behind the scenes.”