Parkinson’s disease affects one out of 100 Americans over the age of 60. When it comes to neurodegenerative diseases, it is second only to Alzheimer’s. Symptoms may be mild at first but tend to worsen over time. There is currently no cure for Parkinson’s disease, but there are many medications available to treat the symptoms. […]
The Ethical Will- Leaving Behind a Legacy of Your Values
Ethical Wills are a way to honor the past, remember family and community, understand your own life better, and provide a lasting legacy for your family for generations to come. Ethical Wills enable you to document and share (in writing or via an audio or video recording) your values, your spiritual beliefs, and your “life’s […]
Financial Wellness Month: What Documents to Keep and What to Toss
Attend our Senior Financial Wellness event on Monday, January 14 from 6-7:30 p.m. RSVP here. Are your file cabinets filled with old checks, bank statements, and pay stubs? While it’s sometimes tempting to keep every piece of paper in case you need it, there are documents you can go ahead and pitch. Reducing that burden […]
FAQ: Storing Important Documents, such as Advance Medical Directives
Proper preparation will keep your important documents safe and ensure that you have peace of mind during hurricanes or in any emergencies or natural disasters. At Farr Law Firm, P.C., we offer a service called DocuBank to ensure that that important legal documents will be there when you need them most, such as when […]
Results of Alzheimer’s Studies May Change How Disease is Treated
The number of Alzheimer’s patients in the U.S. is expected to go from the current 5.4 million to 16 million by 2050. Costs for care, mostly assumed by taxpayers, could rise from $200 billion this year to $1.1 trillion in 2050. The few treatments that are currently available only ease symptoms temporarily. Patients and families […]
CMS Enhances It’s Nursing Home Compare Website
The Centers for Medicare & Medicaid Services (CMS) has made navigating it’s Nursing Home Compare website even easier with enhanced tools and mobile-ready applications. Nursing Home Compare allows Americans to make side-by-side comparisons of the nursing homes and hospitals in their area on a diverse range of metrics ranging from specific medical standards, such […]
“Fiscal Cliff” Deal Includes Two Key Actions That Impact Long-Term Care
Last week, the “Fiscal Cliff” was averted and a budget agreement was signed into law by President Obama. The “Fiscal Cliff” Deal will raise about $600 billion in taxes over the next decade, and includes two key actions that will impact people receiving and providing long-term care. One significant measure in the “Fiscal Cliff” Deal […]
Fiscal Cliff Averted- What Does This Mean for Estate Taxes? (FAQ)
We recently dodged the “Fiscal Cliff.” What does this mean for Estate Taxes? Below are some FAQs about the topic: Q: Will there be any change to estate taxes? A: The amount that is exempted from estate taxes will remain the same as it has been for the past two years, and the maximum tax […]
This Week is “Celebrate Life Week”- Celebrate Your Life and Plan for Your Future
The first week of January is usually a busy week for everyone. We set personal goals, get excited about the promises of a new year, and often just take time to catch up after the hustle and bustle of the holiday season. In addition to being the start of a new year, this week is […]
The “Fiscal Cliff”- If No Agreement is Made, What Does it Mean for Seniors?
As lawmakers left the Capitol for Christmas break, efforts to thwart the year-end “Fiscal Cliff” were in disarray. If negotiations between Obama and Congress collapse completely, 2013 looks like a rocky year for seniors and all Americans. The following could happen: Taxes would jump $2,400 on average for families with incomes of $50,000 to $75,000. […]
Senior Financial Wellness in the New Year
Get a jump on some of those financial New Year’s resolutions you’ll be making. Join us for our Financial Wellness Event on January 14, 2013 from 6-7:30 p.m. RSVP today! At the start of every year, much attention is given to setting goals and making plans for personal improvement. Keeping a watchful eye on personal […]
Get a Jump on Those Financial New Year’s Resolutions You’ll Be Making!
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 the money you have spent most of your life earning and saving. […]
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 Dysregulation Disorder (DMDD). Some critics say this new diagnosis will cause some children who have normal […]
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 provide a formal diagnosis of autism and related disorders. The 4th edition of the […]
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 October 26, 2012, room and board at a residential facility may be deducted as an unreimbursed medical […]
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 703-691-1888.
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 Human Rights Week to encourage greater awareness of human rights and promote fairness and equality. In light […]
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 expansion. The Health and Human Services Secretary wrote a letter to governors Monday about the […]
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 TC 187 (1973) (involving estate planning using an […]
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 coverage when they retire. Before Medicare, an estimated 50% of seniors had no health insurance, due to lower […]
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