I hope everyone has had a wonderful 4th of July Celebration with family and friends. I have not written for quite a while because I've been swamped -- both with work (helping so many elder law and estate planning clients that we've had to bring in 3 … [Continue reading]
Huge Problem with Reverse Mortgage Industry
I have always praised the use of Reverse Mortgages as a way for seniors to pay for Home Care so they don't need to leave their home and move into a long-term care facility. See, for example, my January 30th, 2010 blog posting on this subject … [Continue reading]
Survey Shows Some Nursing Homes May Bill For Services Not Provided
A recent Washington Post article concludes that many nursing homes have been “up-coding” billing for care of residents for years, meaning that some nursing homes sometimes bill a resident more than they should be billed by using a special billing … [Continue reading]
Health Reform: Changes in Store for the Elderly
After a year of legislative wrangling and premature forecasts of death, historic legislation overhauling the nation's health insurance system passed the Congress and has been signed into law by President Obama. Among some of the highlights, this … [Continue reading]
New Medical Conditions — Including Early-Onset Alzheimer’s Disease — Now Qualify for Automatic Disability Benefits
Social Security Disability (SSD) benefits are paid to individuals who, after having worked for many years, develop a disabling condition, prior to their normal retirement age, that is so severe that they are no longer able to work. Applicants for … [Continue reading]
How to Make the Best Nursing Home Placement for Your Loved One
Most nursing home admissions happen under extremely stressful circumstances. If you are faced with the overwhelming task of finding the best nursing home placement for a loved one, where do you begin? Although this is a job that no one wants, it can … [Continue reading]
Upcoming Seminars for Lawyers and Clients
I'm conducting two seminars this week on the topic of Income Only Trusts. The first one is a teleseminar for attorneys around the country who are members of the professional group ElderLawAnswers. Entitled Using Income Only Trusts for Medicaid … [Continue reading]
Using a Reverse Mortgage to Pay for Home Care
Many of my clients ask me how I feel about reverse mortgages, and even more so this past week because of a favorable story that appeared in last week's Washington Post entitled "Reverse Mortgages are Not the Next Subprime." This excellent article … [Continue reading]
Major Change in Estate Tax and Capital Gains Tax for 2010
Because of a Congressional failure to act before the end of 2009, there's good news and bad news to report on the Estate Planning and Elder Law front. The good news is there's no Estate Tax if you die this year. The bad news is you may owe … [Continue reading]
Important Elder Law and Estate Planning Numbers for 2010
Under current law, there will be no cost-of-living adjustment (COLA) in Social Security in 2010 — the first time that has happened since automatic cost-of-living adjustments began in 1975. Several bills before Congress would grant a special increase … [Continue reading]
Who Was Supposed To Be Watching Grandma?
There is a popular tune played this time of year called “Grandma Got Run Over by A Reindeer” which relates that Grandma -- after drinking too much eggnog -- went out into the winter cold to get her medication and was run over by a reindeer. The … [Continue reading]
Helping Your Older Parents Stay Happy and Healthy
by Robert Stall MD, Geriatrician If you're fortunate enough to have one or both parents still living, you may have noticed a role reversal taking place in your relationship. Remember the days when Mom shuttled you to the doctor whenever you were … [Continue reading]
Erickson CCRCs Bankruptcy Filing
Did you catch last Sunday's Washington Post article by David Hilzenrath, about the October bankruptcy filing of Erickson Retirement Communities? My phone has been ringing all week with people concerned about this news, because Erickson is a major … [Continue reading]
What Does the Bible Teach us About Estate Planning?
Sorry for the last minute notice, but I just found out that my church, Fairfax United Methodist Church (10300 Stratford Avenue, Fairfax, VA 22030), has space left for a course I'm teaching tomorrow evening entitled What Does the Bible Teach us About … [Continue reading]
Evan Farr Teaches Course for Elder Law Attorneys Natonwide
~You Can Sign Up for a Similar Course for Consumers~ Last Thursday, Evan Farr conducted a national, attorney-only teleconference sponsored by the National Business Institute (NBI) on the topic of the Income Only Trust -- an asset protection trust … [Continue reading]
Keeping Mom and Dad Safe at Home
Elderly parents generally prefer to remain living in their own homes as long as possible. However, remaining in their homes becomes a concern when children see their parents slowing down or starting to have trouble with handling stairs and doing … [Continue reading]
Myths about Obama’s Health Plan
Lots of clients have been asking my opinion on Obama's new health care reform plan. I'm not at all a political pundit, and I have not read the entire Bill, but I have seen and heard what appears to be a great deal of misinformation out there in the … [Continue reading]
Putting Home Care in Perspective
The Evolution of Home Care In the first century of our country's history there was no such thing as nursing homes or assisted living. Society was mostly rural and people lived in their own homes. Families cared for their loved ones at home till … [Continue reading]
Update on Virginia Life Estate Law
In June of last year, I wrote that "in the near future, life estates will no longer be considered exempt assets when applying for Medicaid." This was due to the fact that the Virginia General Assembly had recently passed legislation instructing DMAS … [Continue reading]
Updating Your Estate Plan When Your Finances Change
In the recent economic downturn, many homes have lost considerable value and stock portfolios have plummeted. If this is the case for you, as it is for many of our clients, you may need to change your will or amend your living trust. If your estate … [Continue reading]
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