by Samantha Shepherd | Nov 13, 2019 | Elder Law
The Internal Revenue Service (IRS) has announced the amount taxpayers can deduct from their 2020 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...
by Samantha Shepherd | Nov 11, 2019 | Elder Law
This is something of a gray area. Medicaid has income rules and generally any money you receive directly is considered income and may put you over the income limits in your state. However, payments made on your behalf generally are not considered to be income for...
by Samantha Shepherd | Nov 8, 2019 | Elder Law
Written By: Lelia Wardell Mander Thanks to recent changes in the tax law, families can now make limited transfers from existing 529 accounts to ABLE accounts with no tax consequences. Families with special needs children may be thinking about rolling existing 529...
by Samantha Shepherd | Nov 6, 2019 | Elder Law
Written By: Andy Jones To the relief of disability rights advocates nationwide, the U.S. Supreme Court has declined, without comment, to hear an appeal of a landmark ruling that pizza giant Domino’s must make its website and app accessible to people with disabilities....
by Samantha Shepherd | Nov 4, 2019 | Elder Law
The answer is probably yes. The state Medicaid agency would likely consider the payments to repair the condominium to be a transfer of assets causing a period of ineligibility for Medicaid. While your mother lived in the condo, you could have charged her fair market...
by Samantha Shepherd | Oct 31, 2019 | Elder Law
When it comes to long-term care costs, the charges for home care are now rising faster than those for nursing home care, according to Genworth’s 2019 Cost of Care survey. In the past year, the median annual cost for home health aides rose 4.55 percent to...
by Samantha Shepherd | Oct 30, 2019 | Elder Law
Written By: Lelia Wardell Mander The end of the year is approaching and the holidays will soon be in full swing, a time when many people are getting ready to make gifts to their family members. Not only is this a great way to show love and support to relatives, but it...
by Samantha Shepherd | Oct 29, 2019 | Elder Law
Written By: Attorney Ryan D. Foley Estate planning can be confusing, convoluted, and overwhelming. Confronting mortality is often uncomfortable, and many people put it off for far too long. This can end up causing a multitude of problems, but not for the person who...
by Samantha Shepherd | Oct 28, 2019 | Elder Law
The answer depends on state law, so you’ll have to consult with an elder law attorney in your state. While the federal government requires all state Medicaid programs to seek recovery of their expenses from the estates of deceased beneficiaries – usually from their...
by Samantha Shepherd | Oct 25, 2019 | Elder Law
By: Patrick Hicks Nearly half of baby boomers lack any sort of estate plan, despite the fact that most people agree it’s very important to have one. And among Americans aged 72 and older, nearly one in five still have no documents that provide directions regarding...
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