A study by the U.S. Department of Health and Human Services says: "people who reach age 65 will likely have a 40 percent chance of entering a nursing home. About 10 percent of the people who enter a nursing home will stay there five years or more. … [Continue reading]
Long-term care premium increases soar: Elder law attorneys become the go-to professional
Long-term care insurer John Hancock has begun the process of seeking sharp premium increases nationwide for certain types of coverage. Initial reports from shocked policyholders surfaced in two midwestern states that have approved increases that are … [Continue reading]
Are Your Critical Documents Safe?
In case of a fire or an immediate evacuation order, could you quickly find all of your important documents? If you’re like most people, your birth certificate, marriage license, insurance papers, mortgage and retirement fund information are in … [Continue reading]
TSA may relax some procedures for elderly travelers. Finally!
Travelers ages 75 and older may have to undergo fewer security pat-downs to endure when going traveling the nation’s airways. According to an article published today by MSNBC, the Transportation Security Administration (TSA) announced Wednesday it … [Continue reading]
Senior Homeowners: When does a Reverse Mortgage Make Sense?
For many seniors the equity in their home is their largest single asset, yet it is unavailable to use unless they use a home equity loan. But a conventional loan really doesn't free up the equity because the money has to be paid back with … [Continue reading]
Plan for Your Religious Needs at Death: “How to Make Sure Your Wishes aren’t Ignored”
When it comes to estate planning, most of us are aware of the common things we need to discuss with our attorney. There are so many financial concerns, legal concerns, and even personal concerns regarding a person’s inheritance and other … [Continue reading]
“What if I can’t qualify for long-term care insurance?”
The Living Trust Plus™ is a revolutionary asset protection trust, designed to help the middle class protect assets from the devastating expenses of long-term care. If you've attended one of my seminars you are already familiar with it. To … [Continue reading]
Sneak Peek: “Inside an Evan Farr Seminar”
Have you thought about attending one of The Farr Law Firm's Living Trust Plus Seminars in the past, but haven't had a free weekend? Know a neighbor or loved one who might benefit from attending? Below you will find two clips giving you an exclusive … [Continue reading]
Gidget Chirps In
Dear Gidget: I just read a story in the latest National Geographic about how certain fats in the blood of a python help its organs to double in size after eating a big meal to facilitate digestion. Apparently, it’s a healthy thing to have all that … [Continue reading]
Seminar Tomorrow: Families Coping with Alzheimer’s
Attention: Families Coping with Alzheimer's: You may be interested in attending an upcoming seminar that will combine the expertise of two well-known experts in their respective fields: Elder Law Attorney Evan Farr and Financial Advisor Eric … [Continue reading]
How Sponsoring a Phone Bank on Veterans Issues can Make Your Business Boom
Working with both veterans and seniors each and every day, we know that the veterans aid and attendance benefit is often overlooked. Elder law attorneys can help veterans understand the intersection between this pension benefit and Medicaid; this is … [Continue reading]
Free Seminar: Who Will Pay for Your Long-Term Care?
Many people approach estate planning attorneys in order to determine how their assets will be divided among survivors after their death. Unfortunately, a huge number of them skip a step and don’t take the high likelihood of long-term care into … [Continue reading]
Happy Valentines Day From The Farr Law Firm!
Estate Planning for Newlyweds: “Easier than Planning the Wedding!”
Why is it so important for newlyweds to address critical estate planning matters? In the simplest of terms: life is full of surprises and it can save you a lot of money. When love is in the air, it is easy to overlook the devastating consequences … [Continue reading]
Medicaid Asset Protection: What Works and What Does Not
By Evan Farr, Certified Elder Law AttorneyThis article was posted by ElderLaw Answers Much confusion abounds in the world of asset protection trusts, including the false belief by many elder law, estate planning, and asset protection attorneys … [Continue reading]
As the world population surges, what are the implications?
The first world count of the world's inhabitants occurred in 1804 resulting in a total of 1 billion people. It took another 123 years, until 1927, for the count to reach 2 billion. The much celebrated 5 billion mark was reached in 1987. After just … [Continue reading]
Case Example: Importance of a Properly Drafted Irrevocable Income-Only Trust
Some attorneys and others interested in the field of Medicaid Asset Protection may have been a bit worried about a recent case arising out of Wisconsin — Hedlund v. Wisconsin Dept. of Health Services (Wis. Ct. App., No. 2010AP3070, Oct. 13, 2011) The … [Continue reading]
Case Example: Importance of a Properly Drafted Irrevocable Income-Only Trust
Some attorneys and others interested in the field of Medicaid Asset Protection may have been a bit worried about a recent case arising out of Wisconsin -- Hedlund v. Wisconsin Dept. of Health Services (Wis. Ct. App., No. 2010AP3070, Oct. 13, … [Continue reading]
Online Estate Planning: Is It Enough?
Trust lawyers are well aware of the variety of online estate planning tools available to those in Virginia and beyond, such as Quicken WillMaker, LegalZoom and Rocket Lawyer. The variety of products available can create a false sense of security, … [Continue reading]
Cold-Weather Tips
Brrrr! How about that cold snap that we Virginians had this week? It’s Chancellor here, reminding you to suit up your pups before you head out into the blustery weather. While some heavily furred dogs are well-suited to the cold weather, other … [Continue reading]
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