Another State Taxing a Trust

When it comes to the everyday life of an individual who has a developmental disability, life can present unexpected obstacles not only for the individual, but for family and friends, as well.  The challenges are made easier through well-planned trusts which protect important government benefits, such as Medicaid and Supplemental Security Income (SSI), and ensure […]

Keep reading ...

Why a Living Will is Important

Some clients are hesitant about signing a Living Will. Many believe that signing a Living Will is a death sentence and the doctor will not save them if they are in severe distress. Others believe signing a Do Not Resuscitate Order (DNR) in a hospital is equivalent to a Living Will. However, a Living Will’s […]

Keep reading ...
Cost of Living Increase Impacts Medicaid Income Eligibility

Cost of Living Increase Impacts Medicaid Income Eligibility

On January 1, 2019, the Social Security Administration adjusted benefits upward by 2.8 percent.  The 2.8 percent cost-of-living adjustment will begin with benefits payable to more than 62 million Social Security beneficiaries.  Increased payments to more than 8 million Supplemental Security Income (SSI) beneficiaries brings the maximum monthly benefit from $750 per month in 2018 […]

Keep reading ...
Considerations When Planning for Families with Special Needs

Considerations When Planning for Families with Special Needs

Recent changes in the laws have added new complexities and considerations when planning for a person with a disability.  Although not all are changes to trust law, many of the programmatic changes impact how we handle special needs estate planning.  The most important of these changes include:

Keep reading ...
Mishandled Medicaid applications can cause bills and headaches

Medicaid Applications: Pitfalls to Avoid

For many families, placing a loved one in a nursing home is a traumatic and unwelcomed event.  In so many cases, the adult children of elderly parents are signing admission agreements to nursing homes that have a personal guarantee of payment – that if the nursing home doesn’t get paid, the adult child will be […]

Keep reading ...
Estate planning tools are more than just a calculator and pen for document signing

What Seniors Can Learn from the Crash-and-Burn of Buzz Aldrin’s Estate Plan

It’s been all over the news lately – world famous hero and astronaut, Buzz Aldrin, actually had to sue two of his children and a former business manager to remove them from handling his finances. This is a sad crash-and-burn landing for an American hero. And the wreckage to his family continues – the dispute […]

Keep reading ...
Knowns and unknowns of the medicaid application process

The Knowns and Unknowns of Medicaid Application

“…[A]s we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don’t know we don’t know.” – Former Secretary of Defense […]

Keep reading ...