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Testimonials
Glenn Erb
I’ve never “met” a lawyer like Kelly Shovelin. She’s friendly, honest, helpful, and she immediately returns every single one of...Betty Ann Myers Cook
To me, Kelly Shovelin is a good example of what a lawyer should be. I have every confidence in Kelly...Steve Hill
Imagine a lawyer who is so caring, she drives out of her way on a weekend trip to make a...Emily Hill
Kelly brought the perfect combination of strong expertise and personal sensitivity to the situation, helping us to provide for our...Graylynn Thrift
When our family was faced with the daunting task of safeguarding our parents’ wellbeing, Kelly Shovelin expertly navigated us through...Peter Saffo
When my mother-in-law fell sick and required full-time nursing care, my wife and I stepped in to help manage her...Bobby Ray Moore
After losing my wife to a nursing home, and losing my life savings to long-term health care, I was at...Bette Parrett
As my parents struggled with the financial burden of my father’s ongoing medical expenses, social workers told me there were...Frank G. Ahern
I was immediately taken with Kelly’s communication skills and extensive knowledge of elder law. Kelly’s warm personality and sense of...Subscribe!
Tag Archives: Taxes
Kelly Answers the $64 Question
Did you know that The $64 Question was a popular radio quiz show? During the 1940s, “That’s the $64 question” became a common catchphrase for a particularly difficult question or problem. When the show moved to television, it became The $64,000 Question! Recently, … Continue reading
Posted in Four-Cast
Tagged Aging Parents, Aid and Attendance, Alzheimer's, Asset Protection, Assisted Living, At Home Care, Choosing an attorney, Estate Planning, Family, Financial Planning, Government Benefits, Health Care, Health Insurance, Healthcare Directives, Healthcare Power of Attorney, Long Term Care, Retirement, Taxes, Trust Planning
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Introducing the IRA Inheritance Trust! (Part 2)
In my last blog, I discussed the beneficial use of an IRA Inheritance Trust to ensure your beneficiaries maximize the power of inherited retirement accounts through compounded tax-free growth and less income taxes being due each year distributions are taken … Continue reading
Introducing the IRA Inheritance Trust! (Part 1)
You may know the difference between a Last Will & Testament and a Revocable Living Trust, but did you know there is a special trust specifically for retirement accounts? Don’t make the faulty assumption that your Revocable Living Trust will … Continue reading
Commonly Overlooked Tax Deductions
If you’ve been watching television lately, chances are you’ve seen the commercial with the concessions salesperson leaving a stack of money on every seat in the stadium… H&R Block’s assertion that self-filing taxpayers last year paid more than a billion … Continue reading
Posted in Legislation
Tagged Financial Planning, Personal Finance, Retirement, Taxes
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2014 Tax Filing Requirements for Seniors
Chances are, if you recently retired, your correlating decrease in income may alleviate you from having to file taxes in future years. For this tax season, if your gross income from 2013 is less than the following amounts (depending upon … Continue reading
IRS Issues 2014 Long Term Care Premium Deductibility Limits
The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2014 taxes as a result of buying long-term care insurance. Premiums for “qualified” long-term care insurance policies (see explanation below) are tax deductible to the extent … Continue reading
Posted in Elder Law & LTC Planning
Tagged Financial Planning, Long Term Care, Tax Planning, Taxes
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Ten Year-End Financial Considerations for Near-Retirees
Want to find out how you may be able to save approximately $1,000 this year, without even having to buy a lottery ticket? Well, it may take you a couple of hours to sit down and contemplate, but here are … Continue reading
Posted in Retirement
Tagged 401(k), Estate Planning, Financial Planning, Gift Tax, Personal Finance, Protecting Inheritence, Retirement, Taxes
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Governor Signs Tax Changes Into Law
A compromise tax reform bill was signed by both houses of the North Carolina General Assembly and signed into law by Gov. Pat McCrory on Tuesday. The final bill cuts taxes for both individuals and businesses while still achieving Gov. McCrory’s … Continue reading
Posted in Estate Planning & Administration, Estate Tax, Legislation
Tagged Tax Planning, Taxes
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What does the DOMA Decision Mean?
There’s been a lot of news coverage surrounding the Supreme Court’s decision on June 26, 2013, of the U.S. v. Windsor case. Most people are more familiar with the colloquial reference to the case as the “DOMA case.” However, what … Continue reading
Have you Named your Life Insurance Beneficiaries?
In financial planning, one of the first things young parents do is buy life insurance to ensure their family is properly taken care of, should something happen to one of the parents. After all, who doesn’t want to take care … Continue reading
Posted in Estate Planning & Administration
Tagged Estate Planning, Family, Financial Planning, Insurance, Personal Finance, Taxes
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