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To Gift or Not to Gift
One of the many federal tax changes in 2018 is that the annual gift tax exclusion amount has increased from $14,000 to $15,000. This change is actually due to inflation rather than the Tax Cuts and Jobs Act of 2017 signed into law this past December. What does the exclusion amount really mean? The exclusion…
The CARE Act: Support for Maine’s Caregivers
Caregiving from family and friends is an invaluable help, particularly for older individuals who wish to continue living in their homes. Fortunately, many Mainers support each other by assisting with the multitude of daily living tasks. According to Valuing the Invaluable: 2015 Update by the AARP Public Policy Institute, 178,000 Mainers each provide an average…

Navigating Special Needs Trusts: Estate Planning
Planning for the future is crucial, especially when it involves loved ones with unique needs. Special Needs Trusts are a powerful tool that can provide financial security while safeguarding important benefits. At Rudman Winchell, our estate planning attorneys, together with the exceptional staff at Maine Fiduciary Services, specialize in guiding families through the intricate journey…

Expanded Access to SSI: What Maine Residents Need to Know
The Social Security Administration (SSA) recently announced a significant update to the Supplemental Security Income (SSI) program that will benefit many individuals in Maine. This update, effective September 30, 2024, broadens the definition of a public assistance household, making it easier for more people to qualify for SSI and potentially increase the payments for current…
To Gift or Not to Gift
One of the many federal tax changes in 2018 is that the annual gift tax exclusion amount has increased from $14,000 to $15,000. This change is actually due to inflation rather than the Tax Cuts and Jobs Act of 2017 signed into law this past December. What does the exclusion amount really mean? The exclusion…
The CARE Act: Support for Maine’s Caregivers
Caregiving from family and friends is an invaluable help, particularly for older individuals who wish to continue living in their homes. Fortunately, many Mainers support each other by assisting with the multitude of daily living tasks. According to Valuing the Invaluable: 2015 Update by the AARP Public Policy Institute, 178,000 Mainers each provide an average…

Navigating Special Needs Trusts: Estate Planning
Planning for the future is crucial, especially when it involves loved ones with unique needs. Special Needs Trusts are a powerful tool that can provide financial security while safeguarding important benefits. At Rudman Winchell, our estate planning attorneys, together with the exceptional staff at Maine Fiduciary Services, specialize in guiding families through the intricate journey…

Expanded Access to SSI: What Maine Residents Need to Know
The Social Security Administration (SSA) recently announced a significant update to the Supplemental Security Income (SSI) program that will benefit many individuals in Maine. This update, effective September 30, 2024, broadens the definition of a public assistance household, making it easier for more people to qualify for SSI and potentially increase the payments for current…
To Gift or Not to Gift
One of the many federal tax changes in 2018 is that the annual gift tax exclusion amount has increased from $14,000 to $15,000. This change is actually due to inflation rather than the Tax Cuts and Jobs Act of 2017 signed into law this past December. What does the exclusion amount really mean? The exclusion…
The CARE Act: Support for Maine’s Caregivers
Caregiving from family and friends is an invaluable help, particularly for older individuals who wish to continue living in their homes. Fortunately, many Mainers support each other by assisting with the multitude of daily living tasks. According to Valuing the Invaluable: 2015 Update by the AARP Public Policy Institute, 178,000 Mainers each provide an average…

Navigating Special Needs Trusts: Estate Planning
Planning for the future is crucial, especially when it involves loved ones with unique needs. Special Needs Trusts are a powerful tool that can provide financial security while safeguarding important benefits. At Rudman Winchell, our estate planning attorneys, together with the exceptional staff at Maine Fiduciary Services, specialize in guiding families through the intricate journey…

Expanded Access to SSI: What Maine Residents Need to Know
The Social Security Administration (SSA) recently announced a significant update to the Supplemental Security Income (SSI) program that will benefit many individuals in Maine. This update, effective September 30, 2024, broadens the definition of a public assistance household, making it easier for more people to qualify for SSI and potentially increase the payments for current…