Deduct Expenses for Long-Term Care
The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.
April 29, 2021
Protect Your Estate from Nursing Home Costs
No one wants a nursing home but the longer we live, the higher the chance we may need a nursing home at the end of life.
February 8, 2021
You Must Plan for Your Spouse’s Medicaid
When a spouse enters a nursing home, the cost of care can be financially devastating. Many families are simply unable to afford long-term care without applying for Medicaid.
February 4, 2021
Steps to Take when Diagnosed with Alzheimer’s
Obviously, the first step is to work with your doctor to slow the progression. However, there are legal steps you need to take as quickly as possible.
February 1, 2021
Perfect Storm for the Financial Abuse of Seniors
Each year, senior citizens lose billions of dollars to financial fraud, with the loss to individual victims averaging tens of thousands of dollars.
July 14, 2020
Your Children Wish You Had an Estate Plan
Without a proper elder law estate plan, the children’s responsibilities are even more exhausting, stressful and sad.
June 19, 2020
How Do I Talk about End-Of-Life Plans?
No one likes to think about the end of their life, but it’s an important topic that many people put off until it’s too late.
June 18, 2020
Is Long-Term Care Insurance a Good Idea?
The value of long-term care insurance (LTCI) is an ongoing conundrum. There’s no doubt we’re living longer. According to LongTermCare.gov, a site provided by the U.S. Department of Health and Human Services, at least 70 percent of people 65 and older will need long-term care services and support at some time in their lives.
May 12, 2020
Using Medicaid for Nursing Home Care
Have you priced nursing homes lately? In Texas, you are looking at an average annual cost of $50,000. We are on the low end; nationally, the average annual cost is closer to $75,000. New Jersey costs a whopping $109,500 annually.
April 17, 2020