Month: April 2011

Taxation of Long Term Care Insurance

Qualified long-term-care insurance (LTCI) policies are entitled to special tax treatment. To be termed “qualified”, the policy must be guaranteed renewable and cannot have any cash value. A qualified policy requires that a person 1) be expected to require care for at least 90 days, and be unable to perform two or more activities of… Read More

The Fool’s Fooling Himself

The Thursday, March 31, Intelligencer/New Era carried The Motley Fool’s School article entitled “Probate 101.” I was appalled. I thought those guys were pretty smart. And I always liked the Shakespearean allusion to the Fool who could tell the truth to the King and Queen. But what happened? Probate is not the horror it is… Read More