by Elder Law Answers | Jan 27, 2021 | Elder Law
A new administration usually means that tax code changes are coming. While it remains unclear exactly what tax changes President Biden’s administration will usher in, two possibilities are that he will propose lowering the estate tax exemption and eliminating the...
by Elder Law Answers | Jan 25, 2021 | Elder Law
For the most part, the answer is “no.” The agent under a financial durable power of attorney has no obligation to disclose financial matters to anyone other than the person for whom he is acting. But the fact that your brother may be refusing to pay for...
by Elder Law Answers | Jan 20, 2021 | Elder Law
Long-term care is the care you need if you can’t perform daily activities on your own for an extended period of time. There are a number of different ways that long-term care can be provided. Most long-term care involves assisting with basic personal needs rather than...
by Elder Law Answers | Jan 18, 2021 | Elder Law
Below are figures for 2021 that are frequently used in the elder law practice or are of interest to clients. Medicaid Spousal Impoverishment Figures for 2021 The new minimum community spouse resource allowance (CSRA) is $26,076 and the maximum CSRA is $130,380. The...
by Elder Law Answers | Jan 14, 2021 | Elder Law
Your mother should apply a few months before she will run out of funds. In calculating when that will be, include in the cost of prepaying her funeral if that has not been done yet. In some states, she can also set aside funds for future needs in a (d)(4)( C) or...
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