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Elder Financial Abuse: How an Elder Law Attorney Can Help

April 8, 2024 Elder financial abuse is a significant issue affecting many older adults nationwide. It involves someone exploiting or misusing an older person’s finances or assets for personal gain. Often, the perpetrator is in a position of trust, be it a family member, abusive partner, or paid caregiver. Recovering…

Claiming the Guardianship of an Elderly Parent

April 4, 2024 Often an aging parent will lose their ability to think clearly or make informed decisions about their life. This may occur because of dementia, mental illness, stroke, brain injury, or other severe health or disability conditions. Your parent may or may not have prepared for their elder…

Promoting Healthy Aging During Financial Literacy Month

March 27, 2024 As April marks Financial Literacy Month, it is an excellent time to start improving your financial literacy. Gaining financial savvy can help you handle the challenges and complexities of aging. Although sometimes overlooked, financial literacy is a critical component of aging well. It promotes economic freedom, helping…

Could Medicaid Payback Rules Come to an End?

March 25, 2024 Amid recent reports from such prominent news outlets as The New York Times and Associated Press about the negative impact of Medicaid estate recovery on families, the idea of ending this practice altogether has resurfaced. What Is Medicaid?Medicaid is a public assistance program that seeks to provide…

Survey Highlights High Costs of Long-Term Care in 2023

March 17, 2024 You may not foresee ever needing assistance with your day-to-day life. However, research shows that seven in 10 adults aged 65 and older will require long-term care at some point in their later years. Meanwhile, the U.S. population continues to age rapidly. Americans aged 65 or older…

Health Care Highlights From Biden’s State of the Union

March 11, 2024 President Joe Biden’s fourth State of the Union address last night at the Capitol touched on topics as diverse as the loneliness epidemic, the invasion of Ukraine, and union jobs. On the health care front, Biden focused his comments on prescription drug pricing and access to health…

Older Adults Are Failing at Retirement Planning, Study Shows

February 28, 2024 Research by the American College of Financial Services sheds light on the need for improvements in retirement financial literacy. The 2023 Retirement Income Literacy Study revealed that most adults ages 50 to 75 lack knowledge about retirement income. With this lack of knowledge came a lack of…

What You Need to Know about the Corporate Transparency Act

February 19, 2024 Congress enacted the Corporate Transparency Act (the “Act”) for Fiscal Year 2021 as part of the National Defense Authorization Act with an effective date of January 1, 2024, which this blog first reviewed herein The Not-So Transparent Corporate Transparency Act. The Act requires any “Reporting Company” to…

Medicaid Spend Down: Pay for More Than Just Medical Bills

February 19, 2024 Since the 1960s, Medicaid has provided health care coverage for low-income people across the United States. For millions of seniors, Medicaid offers financial assistance, helping them to cover the cost of long-term care services. Today, this joint federal-state program also benefits other qualifying populations with limited income,…