2890 N. Main Street, Suite 206 • Walnut Creek, CA 94597

2019 Increases in Federal Gift, Estate Tax Exclusions May Benefit Some Estates

Under the Tax Cuts and Jobs Act enacted last year, the federal lifetime gift and estate tax exemption doubled. Every year the lifetime gift tax exemption and estate tax exemption amounts are adjusted for inflation. For 2019, the exemption increased to $11.4 million for individuals and $22.8 million for married couples. That means, for example, that estates valued at less…

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2019 Medi-Cal Resource Updates

The California Department of Health Care Services recently announced new Medi-Cal resource numbers for 2019. In All County Welfare Directors Letter (ACWDL) 18-28 the Community Spouse Resource Allowance (CSRA) was increased to $126,420 and the Minimum Monthly Maintenance Needs Allowance (MMMNA) was increased to $3,161 for 2019. The CSRA is the amount of non-exempt assets that the spouse of a…

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Don’t Forget Your Medicare Annual Wellness Visit

One benefit available under the Affordable Care Act (sometimes called “Obamacare”) enacted in 2011 is the Medicare Annual Wellness Visit.  This yearly appointment with your primary care provider (PCP) is covered under Medicare Part B.  It enables you and your PCP to come up with a personalized prevention plan based on your current health and your known risk factors. As…

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Medi-Cal (con’t.) – Estate Recovery

This is another installment in our series on Medi-Cal planning.  In this blog post we will discuss one final concept that we must keep in mind for our clients when doing their Medi-Cal eligibility planning: estate recovery.  The State of California is entitled to recover from the estate of a deceased Medi-Cal recipient the funds paid to elderly clients through…

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2890 N. Main Street, Suite 206
Walnut Creek, CA 94597

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