We are going to share an important piece of timely information about Community Medicaid in this post. In order to understand the relevance, you have to digest some background information, so we will start with a brief explanation. Long-Term Care Costs Many elders require living assistance at some point in time. Medicare is the primary source of health insurance for most senior citizens in the United States, but this program will not pay for the custodial care that is provided in the home or in … [Read more...] about Important Community Medicaid Deadline Is Approaching
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Updating Your Plan: Your Trust or Will
As we approach the end of the year, it’s a good time to think about updating your plan. This includes your entire plan, including your primary vehicle, such as a trust or will. Read on to learn more. … [Read more...] about Updating Your Plan: Your Trust or Will
2020 Rochester Long-Term Care Cost Survey Has Been Released
The majority of senior citizens will need help with their activities of daily living eventually, so this is a subject of great interest to elder law attorneys. You may assume that Medicare would pay for in-home care or a stay in a nursing facility, but this is simply not the case. Genworth Financial conducts research on an ongoing basis to keep a finger on the pulse of long-term care costs around the country. In addition to the national and statewide figures, they also drill down to look at … [Read more...] about 2020 Rochester Long-Term Care Cost Survey Has Been Released
Updating Your Plan: Powers of Attorney
As we approach the end of the year, it’s a good time to think about updating your plan. This includes your entire plan, including Powers of Attorney. Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. It’s important to consider whether you need to update either of these powers. Read on to learn more. … [Read more...] about Updating Your Plan: Powers of Attorney
It’s Better to Give, Especially This Year
Normally, you must itemize your deductions in order to benefit from them. In 2020, the standard deduction amount is $12,400 for individuals and $24,800 for married couples filing jointly. But this year, you can get a charitable deduction even if you don’t itemize. Read on to learn more. … [Read more...] about It’s Better to Give, Especially This Year
