Individuals meeting certain asset requirements for Medicaid can use the program to pay for long-term care (LTC). Long-term care often creates devastating financial impacts on Americans, particularly the elderly, and for those family members who lose hours of income (and…
The number one worry for Americans as they age is memory loss, outpacing concerns about finances and loneliness. The most prevalent among all dementia is Alzheimer's disease. According to the Alzheimer's Association Facts and Figures Report, Alzheimer's accounts for an…
During his talk-show career, Larry King married seven women and had five children. He died at age 87 on January 23, 2021, after contracting Covid and then succumbing to an infection. Immediately after his death, his estate went straight to…
The effects of the Coronavirus pandemic have made advocating for your loved one in a nursing home more critical and complex than ever. Both residents and staff in nursing homes and other long-term care facilities are disproportionately affected by COVID-19…
When it comes to inheritances and Medicaid, mistakes can be made, and those mistakes can be costly. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully…
The Centers for Medicare and Medicaid (CMS) have published revised guidelines for nursing home visitation. It is now possible to have visitation with nursing home residents for reasons other than urgent end-of-life scenarios and, in some instances, may include physical…
During your lifetime, you spend the first part trying to attain financial security and the second part working to maintain it. This adage is why many people spend substantial time and effort maximizing their legacy goals in their estate plan,…
In order for the elderly and disabled to receive the personal and health support they need, long-term care insurance can be the solution. However, it is important to understand long-term care insurance before the time comes when the benefits are…
The passing of a spouse is not only a very emotional challenge but can be financially difficult as well. It is common for one spouse to handle family tax and estate plans, and a widow(er) may be looking at a…
The House Ways and Means Committee approved President Biden’s Build Back Better Act’s (BBBA) tax provisions, a major step toward the passage of the bill. As the draft now stands, the legislative proposal may restrict the abilities of higher net…