2018 Medicaid and VA Pension Figures

Certain Medicaid income and asset standards are adjusted beginning each January in accordance with changes in the SSI federal benefit rate (FBR) and the Consumer Price Index (CPI). Likewise, maximum benefit amounts under the VA Pension Program are adjusted each year based upon the CPI.  For 2018 , the new figures are: SSI FBR = […]

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News article highlights some elder care issues…but not all

Several weeks ago Jill Schlesinger, CPF, a CBS News Business Analyst, wrote an article entitled “When making long-term care decision, get a second opinion” which was published in several news outlets.  You can read the whole article here. The article mentions that 70% of people turning 65 can expect to use some form of long […]

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7 Tips for Helping Families with Special Needs

Families with children, grandchildren or other family members (such as parents) with special needs have unique planning requirements. There are numerous misconceptions in this area that can result in costly mistakes when planning for special needs beneficiaries.  Understanding the pitfalls associated with special needs planning is a must for all of us who assist families […]

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Helping Veterans Pay for Long Term Care

There are currently over 25 million veterans alive in the United States. There are over 9 million surviving spouses of veterans currently living in the United States. Many of these veterans and surviving spouses are receiving long term care or will need some type of long term care in the near future, and there are […]

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Do I Need A Living Will, A Do Not Resuscitate Order, Or Both?

In our estate planning practice, we encourage our clients to make important advance decisions as to their own health care.  This involves “advance directives” such as designating a Health Care Surrogate (and back-up persons) to make health care decisions if you become incapacitated and can no longer make those decisions for yourself; and, preparing a […]

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PARENTS NEED TRUSTS FOR MINORS

It is not unusual for someone to name their children, or a niece or nephew as beneficiaries, or contingent beneficiaries on their life insurance policies.  Sometimes an employer may offer group life insurance coverage and in haste, the employee names minor children as beneficiaries of that policy.  “I want them to have that money for […]

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