Irrevocable Trusts: What They Are and What They Are Used For in Estate Planning
Safeguard Your Legacy with Smart Planning Picture this: You’ve built a comfortable life with a home, savings, and investments, but the thought of high estate taxes or long-term care costs draining your assets keeps you up at night. For many Americans, an irrevocable trust could be the solution to protect your wealth and ensure it… View Article
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Health Care Costs in Retirement: Navigating Medicare Premium Hikes in 2025
Retirement planning in 2025 demands attention to rising health care costs, with Medicare Part B premiums jumping to $185—a $10.30 increase from 2024—impacting 65 million beneficiaries. For our clients here at Davenport & Associates, this hike signals a need for action. If you’re asking yourself “How much are Medicare premiums in 2025?” or “What’s my… View Article
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New Long-Term Care Insurance Options in 2025: Estate Planning Implications
In 2025, long-term care (LTC) planning is more critical than ever, with 70% of seniors needing care that averages $100,000+ annually. A recent July surge shows a 10% increase in hybrid LTC insurance uptake, blending life insurance with care benefits. If you’re asking “What’s my plan for long-term care?” or “Is my estate plan updated… View Article
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Medicaid Look-Back and Estate Planning: Protecting Your Assets in 2025
Are you worried about protecting your assets from the Medicaid look-back period? Many clients at Davenport & Associates ask this, but the real concern often lies with the Medicaid 5-year look-back, a critical factor in estate planning. In 2025, with long-term care costs averaging $100,000+ annually and 70% of seniors needing care, understanding this rule… View Article
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