Samuel D. Fries

CCRCs: Key Tax Implications for Residents

The demand for long-term care facilities in the United States continues to rise, along with the costs. Someone who turns 65 today has roughly a 70% chance of eventually requiring long-term care services, according to the latest data from the U.S. Department of Health and Human Services. Moreover, 20% of seniors will need it for longer than five years. However, not everyone will wind up in a traditional nursing home.

Why Estate Planning Still Matters

Given the dramatic increase in the federal gift and estate tax exemption over the last 20 years,...

New Tax Rules Have Been Set: Start Planning Now

Individual taxpayers faced significant tax planning uncertainty for the first six months of the...

Tax and Financial Pointers When Retirement Is on the Horizon

Retiring soon is an exciting milestone and a time filled with important financial decisions....

How LTC Insurance Can Help Manage Senior Care Costs

Approximately 70% of adults who survive to age 65 will need long-term care services, and 48% will...

How Are Income Distributions from Trusts and Estates Taxed?

As separate legal entities, estates and nongrantor trusts must file their own federal tax returns,...

Help Wanted: Hiring Family Members for Tax-Saving Results

If you own a small business and have children in high school, technical school or college, you...

6 Ways to Address Future Health Care Costs

How much money will you need to set aside to cover your out-of-pocket health care costs in...

Some Retirement Plan Benefits Will Increase for 2025

With the 2025 tax year almost here, there's news from the IRS about retirement savings. According...