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Social Security Law
David W. Magann, P.A. Highlights the 2024 Boost in Social Security Benefits
In 2024, There was good news for over 71 million Americans. Social Security benefits and Supplemental Security Income (SSI) payments increased by 3.2 percent, which…
Social Security Law
David W. Magann, P.A. Reports on Social Security’s Inclusion of 12 New Compassionate Allowances Conditions
The Acting Commissioner of Social Security outlined twelve new Compassionate Allowances conditions. They include the following: These conditions are severe, and claims are allowed based…
Social Security Law
David W. Magann, P.A. Highlights Expansion of Supplemental Security Income Access by Social Security Administration
The Social Security Administration (SSA) has expanded its reach to include more people needing financial assistance who may be eligible for Supplemental Security Income (SSI)….
Reverse Mortgages: A Scam of Your Wealth, Don’t Do it!
Reverse Home Mortgage: Reverse mortgages are products specifically designed for and targeted to senior citizens by supposed trust worthy actors such as James Garner and that Hart to Hart has been. Essentially these products are financinally raping senior citizens of their long term wealth and preventing the passing of the most important asset, the homstead,...
Read More Estate Taxes and Exemption and Exclusion Amounts
Federal Estate Taxes Parameters: On June 7, 2001, the Economic Growth and Tax Relief Reconciliation Act of 2001 was singed into law and provides for a reduction in the federal estate and gift tax rates between the years 2002 through 2009. The law also increases during those years the unified credit amount which exempts assets...
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