Estate Planning Guide
E-newsletter

News

Sunday December 15, 2019

How to Fund Your Living Trust
Personal Planner
A revocable living trust is one of the principal estate planning methods. While everyone should have a will, there are...
More
What to Do When Medicare Denies a Claim
Savvy Living
How do I go about a filing an appeal with Medicare when they will not pay for something that they covered in the past? If you disagree with a coverage or payment decision made by Medicare, you can appeal. Approximately half of all Medicare appeals are successful, so it is definitely worth your time. Before appealing, talk with your doctor, hospital and Medicare to see if you can spot the problem and resubmit the claim. Some denials are caused by simple billing code errors by the doctor's office or hospital. If that does not fix the problem, here is how you appeal. Original Medicare Appeals If you have original Medicare, start with your quarterly Medicare Summary Notice (MSN). This...
More
IRA Required Minimum Distributions By December 31
Washington News
In IR-2019-203, the Service reminded taxpayers born before July 1, 1949 that they should take a required minimum distribution (RMD) by December 31. The one exception is for IRA owners who turned age 70½ in 2019. These individuals may delay their first RMD until April 1, 2020. However, if they delay the first RMD, they will also need to take a second RMD by December 31, 2020. RMDs are required for most qualified retirement plans. They apply to three types of IRAs. These are Individual Retirement Arrangements, Simplified Employee Pension (SEP) IRAs and Savings Match Plans for Employees (SIMPLE) IRAs. The RMDs also apply to 401(k), 403(b) and 457(b) plans. An exception to the RMD...
More
scriptsknown