Category archives: Elder Law
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5 years ago
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We are often asked by clients how difficult it is to administer a Trust. Our answer is that Trust Administration is a formal fiduciary process that can be a complicated task for a Trustee (the person who manages the administration) to handle properly on their own. There are numerous specific and det... [read more]
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5 years ago
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People with disabilities would have an explicit legal right to receive services in the community rather than in an institution under new legislation backed by a bipartisan group of senators and representatives. The legislation, introduced January 15, would if passed represent the most comprehensive ... [read more]
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5 years ago
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We’ve all heard the advice “It pays to shop around,” but this has never been more true than with the current market for long-term care insurance.
According to the latest industry figures, the spread between the lowest and highest cost for virtually identical coverage was as high as 243 percen... [read more]
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5 years ago
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One question we're often asked by senior clients is if, in addition to providing Estate Planning services, our Elder Law Attorneys can also help them manage the many practical issues associated with aging in place. Our answer is that many clients are concerned about their ability to stay in their ho... [read more]
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5 years ago
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Since the passage of the Achieving a Better Life Experience (ABLE) Act in 2014, tens of thousands of people with disabilities have opened up new, special tax-free savings accounts to save for disability-related expenses. These accounts, popularly known as ABLE accounts, allow many people with disabi... [read more]
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5 years ago
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With the aging population becoming increasingly tech savvy, the Social Security Administration (SSA) has moved a lot of services online. From applying for Social Security benefits to replacing a card, the SSA has online tools to help.
To access most of the online services, you need to create ... [read more]
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5 years ago
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We're often asked by clients how they can make sure that they are not kept alive by artificial means if they are in a terminal situation due to an accident or illness. Our answer is that a Living Will is an important part of their Estate Plan because it clearly states what their wishes are regarding... [read more]
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5 years ago
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Traditionally, Medicaid has paid for long-term care in a nursing home, but because most individuals would rather be cared for at home and home care is cheaper, all 50 states now have Medicaid programs that offer at least some home care. In some states, even family members can get paid for providing ... [read more]
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5 years ago
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Spouses who are turning full retirement age this year are the last group who can choose whether to take spousal benefits or to take benefits on their own record. The strategy, used by some couples to maximize their benefits, will not be available to people turning full retirement age after 2019.
... [read more]
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5 years ago
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We're often asked what it means to be an Elder Law Attorney, and if it is the same as being an Estate Planning Attorney. Our answer is that while Estate Planning is an important aspect of Elder Law, an Elder Law Attorney is concerned with much more than only creating Wills and Trusts. As Elder Law A... [read more]
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5 years ago
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The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2019 income as a result of buying long-term care insurance.
Premiums for "qualified" long-term care insurance policies (see explanation below) are tax deductible to the extent that they, along with oth... [read more]
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5 years ago
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Most special needs trusts (SNTs) are set up to benefit one individual. But it’s possible to contribute to a trust where the funds of many people with special needs are “pooled.” This kind of trust, called a pooled or (d)(4)(C) trust, may be a better option for some people than the conventional SN... [read more]
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