Research shows that roughly one in seven adults aged 65 or older will need long-term care at some point in their later years. Meanwhile, tens of millions of Baby Boomers in the United States are growing older and living longer. It seems inevitable, then, that the future of long-term care will be undergoing significant changes. […]
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The Centers for Medicare & Medicaid Services (CMS) published a final rule focused on requiring nursing homes that accept Medicaid and Medicare payments to disclose more information regarding their ownership. Profit vs. Patient Care? Research shows that when private equity firms and other investment firms manage nursing homes, patients in these facilities receive a substandard
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Elder law attorneys may specialize in estate planning, incapacity planning, and end-of-life care for seniors. These practitioners are essential because they work to protect a vulnerable population. To plan for their future and their care, seniors and their families should consider hiring an elder law attorney. How Can an Elder Law Attorney Help My Aging
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A diagnosis of dementia, a category of diseases affecting memory and thinking that includes Alzheimer’s disease, can feel overwhelming and upsetting. You might worry that you will lose control over your life and ability to make your own decisions. Fortunately, receiving a diagnosis of dementia or Alzheimer’s does not mean that you cannot execute legal
After a Dementia Diagnosis: Preparing for the Future Read More »
Elder law and estate planning serve two different–but equally vital–functions. The main difference is that elder law is focused on preserving your assets during your lifetime, while estate planning concentrates on what happens to your assets after you die. Elder law planning is concerned with ensuring that seniors live long, healthy, and financially secure lives.
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President Trump has signed a new law that makes major changes to retirement plans. The new law is designed to provide more incentives to save for retirement, but it may require people to rethink some of their planning. The Setting Every Community Up for Retirement Enhancement (SECURE) Act changes the law surrounding retirement plans in
How the SECURE Act Will Impact Retirement Plans Read More »
If you are a veteran or surviving spouse of a veteran and need help with everyday tasks, you may be entitled to help from the Veterans Association to pay for assistance. A little known benefit from the Veterans Association called Aid and Attendance can help with the costs of getting help with dressing, bathing, or
Healthcare Benefits for Veterans: What You May Not Know Read More »
Below is a quick summary of some of the provisions of the new tax plan and how it may affect you moving forward: Individual Income Tax Provisions Seven income tax brackets – 10%, 12%, 22%, 24%, 32%, 35%, 37%; top bracket begins at $600,000 for joint returns, $500,000 for singles and heads of households. Married
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For those individuals receiving SSI or Medicaid, the Centers for Medicare and Medicaid Services (CMS) has released its Spousal Impoverishment Standards for 2018. Minimum Community Spouse Resource Allowance: $24,720 Maximum Community Spouse Resource Allowance: $123,600 Maximum Monthly Maintenance Needs Allowance: $3,090 The minimum monthly maintenance needs allowance for the lower 48 states remains $2,030 ($2,536.25
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