Over the next couple of weeks, you will receive a series of articles entitled “Lessons Learned from Estate Planning Mistakes of Celebrities,” demonstrating why probate is such a nightmare and lessons that can be learned from the costly mistakes of celebrities. Part 1 will explain how Amy Winehouse didn’t have an Estate Plan, leaving behind […]
Attention Veterans: Special Offer to Celebrate Veterans Awareness Week!
Next week, November 4 through 10, is Veterans Awareness Week! In 2002, President George W. Bush proclaimed that the week before Veterans Day will be recognized as National Veterans Awareness Week to recognize the contributions of our service men and women. There are currently more than 25 million living American Veterans, many of whom put […]
Evan H. Farr Honored For Career And Community Achievements And Leadership
Mr. Farr is the only elder law attorney in the commonwealth to receive the 2012 Virginia Lawyers Weekly “Leader in the Law” distinction. Certified Elder Law Attorney Evan H. Farr of Farr Law Firm, P.C. (https://www.farrlawfirm.com), an Elder Law and Estate Planning firm based in Fairfax, was recently honored as one of 2012’s “Leaders in […]
The Power of Music: Bringing Alzheimer’s Patients “Back to Life”
Alzheimer’s disease is the most common cause of dementia, affecting 5.4 million people in the United States. The disease swiftly deprives patients of their memories and other brain functions. Many Alzheimer’s patients’ who need around the clock skilled nursing and medical care reside in nursing homes. Ninety-two year old Ron sits in a wheelchair and […]
Important Medicare Change: Patients No Longer Need to Show Progress to Receive Nursing Coverage
Medicare coverage of short-term rehabilitation in a nursing home is about to undergo a major policy change, resulting in beneficiaries with chronic conditions such as Alzheimer’s disease, Parkinson’s disease, ALS (Lou Gehrig’s disease), diabetes, multiple sclerosis, hypertension, arthritis, heart disease, and stroke no longer need to show ongoing improvement to maintain Medicare coverage. For decades, […]
Are You Childless and Aging? Be Sure to Plan for Future Care.
Jennifer and her brother always kept an eye on their mother, Ann, who was 91 and suffering from a stroke when she died three months ago. Both siblings made sure they lived near their mother in Oakton, and together they brought her food, took care of the bills, drove her to doctors’ appointments, and oversaw […]
Planning for Long-Term Care (Part 5)
The Veteran’s Aid and Attendance Pension Benefit The best advice that I can give you when planning for long-term care is not to delay. We never know what the future holds. While we are able, we must prepare for a variety of situations, and so it is imperative not just to plan for long-term care, […]
Alzheimer’s Study Shows Plaques May Exhibit Bigger Risks than the Gene Itself
According to the American Health Assistance Foundation, more than 36 million people suffer from Alzheimer’s disease, and the amount is projected to increase to 115 million by 2050. More than 100 years after it was first identified, scientists have yet to find a cause or a cure for the memory-robbing disease. A recent student of […]
Gray Divorce is Never Required for Medicaid Asset Protection
Mark and Maura have been happily married for fifty-five years. Mark suffers from advanced Parkinson’s disease and now needs a nurse to attend to his needs for most of the day. Maura has been caring for him at home, but it is becoming clear that she will no longer be able to continue such care. […]
Planning for Long-Term Care (Part 4)
The most important thing that you can do in planning for future contingencies is to act now. The future may hold limited resources or health problems for you and either one of these may prevent you from taking care of the things that you can easily achieve today. In Part 1 of this series, I […]
National Estate Planning Awareness Week is This Week!
If you haven’t heard, this week, October 15 through 21, is National Estate Planning Awareness Week! The concept was created by the National Association of Estate Planners and Councils as a call to action, because estate planning is one of the most overlooked areas of personal financial management today. More than 120 million Americans do […]
The Need for Transparency in Medical Care
Currently in the U.S., patients are unable to find out details, such as a surgeon’s rate of complications or the mistakes a hospital makes. The type of data that may influence a patient’s medical treatment decisions is unavailable, except subjective values such as a hospital’s reputation among specialists. Dr. Marty Makary, a cancer surgeon and […]
Planning for Long-Term Care (Part 3)
In Part 1 of this series I outlined the necessity to create a good Long Term Care Plan and in Part 2 I discussed the three most essential documents found in that plan. The first essential document is a General Power of Attorney (POA) containing Asset Protection Powers. This document authorizes your “Agent” to act […]
Planning for Long-Term Care (Part 2)
“Long-Term Care” refers to the broad spectrum of medical and support services provided to persons who have lost some or all capacity to function on their own due to a chronic illness or disabling condition, and who are expected to need such services over a prolonged period of time. Long-term care can consist of care […]
Giving New Meaning to Freezing an Estate
An Estate Freeze is usually an estate planning strategy whereby an estate owner aims to freeze the value of certain assets for estate tax purposes.Check out this interesting article about an entirely different type of estate freeze. Jeffersons’ actor Sherman Hemsley. Apparently Hemsley was found dead in his home and his body has remained […]
Planning for Long-Term Care (Part 1)
Are you one of the millions of Americans over age 50 who has not yet started planning for long-term care? As financially responsible adults, most of us are prepared for some unexpected disasters – we pay for health and property damage insurance, and many of us have taken some steps toward funding for our retirement. […]
Virginia Medicaid Asset Protection Attorney: “9 Tips to a Healthy Aging Process”
Virginia Medicaid Asset Protection Attorney: “9 Tips to a Healthy Aging Process” Physically, Mentally, and Financially September 10, 2012 The month of September brings a welcome relief from the hot summer days. Cool breezes and colorful foliage appearing on the trees entice one to walk and bask in healthy fresh air. September has also been […]
“Extra Help” Benefit for Seniors with High Prescription Expenses
When no generic version of a drug exists yet, the costs are even higher. The good news is that the Social Security Administration (SSA) has a program called “Extra Help” for some Medicare beneficiaries.
Evan Farr Honored as “Leader in the Law”
Virginia Lawyers Weekly is a publication both online and in print — it is a very reputable and respected source of legal news. “Virginia Lawyers Media, the publisher of Virginia Lawyers Weekly, has announced the 2012 class of ‘Leaders in the Law.’” The Farr Law Firm is proud to announce our very own principal attorney, […]
Top 20 Most Vital Pieces of Knowledge American Families Must Know for Their Own Financial Well-Being
These facts and insights are meant to educate you on the following family matters: The dire financial risks of failing to plan properly in light of future long-term care expenses; The functions of the most common estate planning documents as well as their shortcomings; An important benefit unclaimed by many veterans that is easy to […]
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