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A new tax law that benefits you and Hospice Partners

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 signed December 17. 2010 by President Obama includes the extension of the IRA Charitable Rollover for 2010 and 2011.

People aged 70 ½.or more, are required to withdraw money from their IRA accounts annually. Now you may make a tax free distribution annually from traditional or Roth IRA directly to qualified tax exempt nonprofit organizations such as Hospice Partners of the Central Coast. This may be especially appealing to non-itemizers, who would not be able to get a tax deduction for charitable gifts.

To take advantage of this tax deduction in 2010, donors must fill out a form for an IRA Charitable Distribution Request with the financial institution that holds your IRA by January 31, 2011.  The financial institution makes the distribution directly to your charitable designee, Hospice Partners of the Central Coast.  This law has been extended through December 31, 2011 and charitable distributions will qualify for the 2011 tax year as well.

"Please contact your financial advisor for more information on how this may help your individual tax situation."

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Hospice care helps patients and loved ones

More patients use the service for end-of-life care. But what is it?

By Christie Aschwanden

Over the last 25 years, the number of Americans turning to hospice for end-of-life care has climbed dramatically -- from 25,000 in 1982 to 1.45 million in 2008, as more and more people choose to spend their final days in the comfort of home or a patient facility with a home-like environment rather than in a hospital pursuing aggressive treatments. Read the full article here >

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Doctors delay communicating end-of-life care issues with terminally ill patients

Delays may mean patients might not be able to make informed choices early in their treatment.

By Jill U. Adams

Most doctors don't talk about end-of-life issues with their cancer patients when those patients are feeling well, a new survey has found. Nor do they talk about them until treatments have been exhausted. Those delays mean patients might not be able to make truly informed choices early in their treatment. Read the full article here >