Happy New Year! January is Financial Wellness Month. It comes at a great time, since many seniors resolve to save money in the coming year. What better way to start the year than by evaluating your Financial Wellness and learning tips to protect … [Continue reading]
Part 2: Upcoming Changes in the DSM-5 Spark Major Controversies
Yesterday, we reported about the changes to the criteria and categories of Autism Spectrum Disorders that are planned for the DSM-5. Other changes in the DSM-5 include:• A new diagnosis for severe recurrent temper tantrums – Disruptive Mood … [Continue reading]
Upcoming Changes in the DSM-5 Spark Major Controversies – Part I
If you have a family member with autism, you have likely heard of the Diagnostic and Statistical Manual of Mental Disorders (DSM). The DSM is published by the American Psychiatric Association and it is the primary manual used by clinicians to … [Continue reading]
Rule change for V.A. Pensions and Pensions with Aid & Attendance
The Veterans Administration has tightened restrictions on the room and board a veteran may deduct from income when applying for V.A. pensions and pensions with Veterans Aid & Attendance benefits. For applications pending or submitted on or after … [Continue reading]
Clients and Friends: Join Us for The Farr Law Firm Holiday Open House Tomorrow
Dear Clients and Friends, Join us for some holiday cheer tomorrow from 1-5 p.m.! Tuesday, December 18: The Farr Law Firm Holiday Open House 1-5 p.m. 10640 Main Street, Suite 200 Fairfax, VA 22030 Click to RSVP for this event or call … [Continue reading]
Human Rights Week is December 10-17: Focusing on LGBT Elders
Human rights are the fundamental rights which every living person is entitled to, and are considered to be universal rights or laws regardless of age, gender, ethnicity, and sexual orientation. President Obama proclaimed this week, December 10-17, as … [Continue reading]
States Must Expand Medicaid All the Way if They Want to Receive Full Affordable Care Act (ACA) Funding
After months of waiting for an answer about partial expansion of Medicaid, states received a reply from the Obama administration that if they partially expand Medicaid coverage, they will not receive the enhanced funding that would come with a full … [Continue reading]
Estate Planning Services May Be Tax Deductible
As the end of the year draws near, many of us are paying close attention to tax deductions. Did you know that if you met with an estate planning attorney within the past year, your legal expenses may be tax deductible? In both Merians v. Comm’r, 60 … [Continue reading]
The “Fiscal Cliff” and What it Means for Medicare
Medicare was established in 1965, providing health insurance for people 65 and older, regardless of income or medical history. Throughout their working lives, people pay into Medicare based on the assumption that they will have secure health … [Continue reading]
Charitable Giving: When Generosity Could Disqualify You from Medicaid Eligibility
Gift giving can be a risky venture for people who may need Medicaid coverage within five years. For example, Jennifer and Ryan recently got married and her grandparents Rose and Lou would like to give them a Christmas gift of $10,000 for their nest … [Continue reading]
An Uncertain Tax Environment, and Medicaid Laws, Make it Tough to Plan Charitable Giving in 2012
With 2013 almost upon us, now is the time to act for matters like planning for your estate and gifts to loved ones. Depending upon your goals and hopes for the coming year, it might still be time to wait when it comes to charitable gift planning.If … [Continue reading]
Obama’s Plan to Raise Estate Tax Creates Discord Among Democrats
President Obama is proposing a 45% estate tax after the current 35% rate expires on Jan. 1, 2013. His proposal would exclude from the tax the first $3.5 million of an estate's assets, down from the current threshold of $5.12 million.Under his … [Continue reading]
Special Needs: Making the Right Decisions for Your Loved One’s Future
This week, we celebrate "Special Education Day" and "Special Kids Day." Attend our Special Needs Planning Event on December 11. Find out more and register.Twenty million American families have at least one member with special needs. Parents of those … [Continue reading]
Join Us For An Event About Special Needs Planning!
On December 11 at 6 p.m., we celebrate "Special Education Day" and "Special Kids Day" with a Special Needs Planning Event.Join us for an event focused on Special Needs Planning and enjoy some delicious refreshments!The majority of American families … [Continue reading]
Special Needs Planning is a MUST for Families Facing Special Needs
Special Needs Education Day and Special Kids Day are both during the First Week of December! Learn more about Special Needs Planning and enjoy delicious refreshments at our monthly client appreciation event on December 11. Find out more and RSVP … [Continue reading]
What does the reelection of President Obama mean for Estate Tax?
The reelection of President Obama has brought the topic of estate tax back into the limelight.For 2011 and 2012, we have had the largest federal estate tax exemption in 50 years (currently at $5.12 million) and the lowest federal estate tax rate (at … [Continue reading]
Alzheimer’s Caregivers- Gratitude is A Way to Keep The Glass Half Full!
Thanksgiving for caregivers is about much more than a plentiful family meal. It’s a special time for those entrusted with caring for a loved one. For some, gratitude is a way to keep the cup half-full, especially when someone you love is suffering … [Continue reading]
Health Care Reform Act: Good News for Seniors
The Office of the Assistant Secretary for Planning and Evaluation (ASPE) has released a report that demonstrates the benefits senior citizens are expected to receive as a result of new health care reform. The average senior citizen enrolled in … [Continue reading]
Top Ten Reasons for Seniors to be Thankful this Year
This week, and every day, we should take time to be thankful for the blessings we have. On Thanksgiving, think about the people and things in your own life such as your family, friends, and loved ones, that make you thankful! Below are some recent … [Continue reading]
Training and Support is Being Offered Locally for Alzheimer’s Caregivers
During the month of November, we recognize National Alzheimer’s Disease Awareness Month and National Family Caregiver Month. These observances bring attention to Alzheimer’s, which is the only illness among the top ten for which there is no known … [Continue reading]
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