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3 Results for Articles published in November 2019 In The Blue Ink Blog.

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2020 Qualified Plan Cost of Living Increases, 2020 Social Security Taxable Wage Base

Posted on November 6, 2019, Authored by Mary Ellen Schill
Mary Ellen Schill
Director
Attorney
Wausau Office
, Filed under Employment

On November 6, 2019 the Internal Revenue Service announced the cost-of-living adjustments for the various qualified retirement plan limits. All of the limits shown below have increased from last year. Qualified Plan Limit Cost-of-Livi…

Estate Planning for Family Farms: What to do with the Land

Posted on November 11, 2019, Authored by Linda M. Danielson
Linda M. Danielson
Attorney
Eau Claire Office
, Filed under Ag-Visor

While most businesses use real estate, unique planning issues arise for family-farm owners because of the importance of real estate to the farm and family. There are several reasons for that. Family farms are not as mobile as other businesses. Famil…

My spouse is on Medicaid, now what?

Posted on November 14, 2019, Authored by Aric D. Burch
Aric D. Burch
Attorney
Wausau Office
, Filed under Trusts & Estates

It is common for a client whose spouse is receiving Medicaid to lack adequate estate planning to protect those Medicaid benefits in the event the client dies before their spouse. Yet, after all of the time and energy spent to qualify for Medicaid, it wou…