The proposed increase in the standard deduction and decrease in the tax rate is simply not enough to make up for the loss of the medical expense deductions. "Ultimately, the effect of the proposed tax bill on the elderly and chronically ill is severe."
This Thursday, I’m co-presenting a free workshop on medicare, medicaid, and long-term care. We will discuss evaluating your medicare options and preparing for long-term care.
Recently I received a phone call from a concerned daughter whose 94-year-old mother had just moved to assisted living. A well-meaning friend had convinced the caller that she needed to contact an elder law attorney to talk about “Medicare Estate Recovery.” The caller was concerned that Medicare would seek reimbursement for expenses paid by the program. However, there
I often speak to caregiver groups about the complexities of planning for long-term care. One thing I hear from the staff of these groups are tales of people refusing to apply for Medicaid because they “don’t want to sign their lives away to the state.” What they are referring to is the Medicaid Estate Recovery
Working in elder law and estate planning, I often encounter people who are considering marriage later in life. Because these clients are nearing retirement age or past, they tend to be more circumspect about the financial consequences of marriage. Sometimes they are people contemplating a first marriage; sometimes it’s a blended family; and now,
Family and friends want nothing more than to be able to care for their aging loved ones. For some, it means helping out with shopping and cleaning. For others, it can mean providing more personal care such as bathing and dressing. For many, it means administering medications and managing medical devices. In each of
In my last post, I discussed some of the reasons why my clients choose to create trusts. One of the most difficult elements in creating a trust is choosing the trustee. Choosing the right trustee depends on the client’s situation and the purpose of the trust. Some clients have minor children they want to protect.
When parents of young children begin to think about estate planning, their primary goal is often ensuring the future of their minor children should something happen to them. There are a few ways to approach planning with this priority in mind. The most common is establishing a trust to hold the assets for minor children
For most people, pets are a part of the family. As with other vulnerable family members, they need to be cared for if something were to happen to their caregiver. It is comforting to assume that other family members or close friends will step up and care for our pets the way that we
When I talk to my clients about what happens to the will when they’ve passed, I explain that the Executor will be the person responsible for probating the will. Inevitably, my clients ask, “What does that mean?” Probate is the process through which a court recognizes a person’s death and authorizes the Executor to