Category archives: Clay County
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2 days ago
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Donor-advised funds are a growing trend in giving that may get more popular due to the new tax law. These funds allow you to donate money, receive a charitable tax deduction, and continue to grow the money until you are ready to distribute it to a charity or charities of your choice.
A donor-... [read more]
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3 days ago
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Many people who served in the U.S. military, and who are widows of Veterans, are eligible to receive Veteran's Aid and Attendance Benefits. Unfortunately, these benefits are sometimes overlooked in the Estate Planning Process.
VA Benefits have specific income, asset, age, years of service, and me... [read more]
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4 days ago
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Taking care of a parent can be a full-time job. Children may have to give up paying jobs in order to provide care to aging parents. Unfortunately, caregiving is usually unpaid work. Parents who want to compensate a child who takes on the burden of caregiving may do so in one of several ways.
Ca... [read more]
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1 week ago
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The number of older Americans with student loan debt – either theirs or someone else’s -- is growing. Sadly, learning how to deal with this debt is now a fact of life for many seniors heading into retirement.
According to a study by the Consumer Financial Protection Bureau, the number of olde... [read more]
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1 week ago
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We're often asked by clients exactly what Medicaid is; and if Medicaid benefits can help them cover the cost of long-term care.
Our answer is that Medicaid is a needs-based public assistance program. People who properly apply and qualify for Medicaid can use these benefits to cover the high cost ... [read more]
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2 weeks ago
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Paying for day care is one of the biggest expenses faced by working adults with young children, a dependent parent, or a child with a disability, but there is a tax credit available to help working caregivers defray the costs of day care (called "adult day care" in the case of the elderly).
I... [read more]
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2 weeks ago
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The Social Security Administration (SSA) is proposing to make it more difficult for people who don’t speak English to qualify for disability benefits.
Under planned regulations released February 01, 2019, the SSA would no longer consider a person’s “inability to communicate in English” when revie... [read more]
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2 weeks ago
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We're often asked by clients if they would benefit from the use of a Revocable Living Trust. Our answer is that a Revocable Living Trust is an excellent way to manage property and other assets during their lifetime and also serves to transfer assets to your loved ones after death (without costly and... [read more]
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3 weeks ago
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Major changes to the “kiddie tax” could significantly increase the tax liability of assets placed in special needs trusts if the trust’s beneficiary is a minor and the income the trust earns is high enough.
Congress enacted the so-called “kiddie tax” in 1986 to deter wealthy families from “in... [read more]
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3 weeks ago
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A special needs trust is designed to provide a person with a disability the funds to enhance her quality of life while at the same time allowing her to remain eligible for needs-based public benefits. Government programs like Medicaid and Supplemental Security Income (SSI) provide essentials, such ... [read more]
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3 weeks ago
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We're often asked what it is that we actually do as Elder Law Attorneys. Our simple answer is that we help clients of all ages, including people with disabilities, be prepared to manage a health crisis or emergency, prepare for their (and their families' and loved ones) futures, and be ready to ... [read more]
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4 weeks ago
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Caring for an ailing family member is difficult work, but it doesn’t necessarily have to be unpaid work. There are programs available that allow Medicaid recipients to hire family members as caregivers.
All 50 states have programs that provide pay to family caregivers. The programs vary by st... [read more]
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