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Elder Law & Estate Planning

Elder Law & Estate Planning

Women Can Review Assets and Health Care Needs with the Guidance of an Estate Planning Attorney

Women are so busy raising kids, taking care of their elderly parents, and maintaining a household and career that they often do not focus on what will happen to them in retirement and beyond. A new white paper by the Volunteers of America called “Boomer Bust 2011: Still Unprepared and Unaware” highlights how unprepared seniors and their caregivers are as they age.

Elder Law & Estate Planning

Get Legal Advice Before Selling the Family Home and Starting Nursing Home Care

Entering a nursing home can provide highly sought-after services and around-the-clock care. Family members and loved ones can have the expertise of skilled staff that provides peace of mind for your elderly parent. But if proper planning for the monies involved in nursing home care and estate planning are not done in advance, it can put your loved one at risk financially.

Elder Law & Estate Planning

IRAs Smart for Retirement and Estate Planning

Individual Retirement Accounts (IRAs) are great tools to save money for retirement and are also a critical part of an individual’s estate plan. As each person and family has a different objective as they reach the golden years, it is a wise step to speak to an experienced estate planning lawyer to make sure it is set up properly and achieves the goals you want in the event of your death. IRAs can be complex, and without proper planning, you and your beneficiaries could face hefty taxes on the monies.

Elder Law & Estate Planning

U.S. Tax Court Rulings Provide Critical Guidance on Long-Term Care Write Offs

Long-term care costs can add up quickly. The expenses to the individual and their loved ones can be exorbitant and compromise other financial plans. Two recent U.S. Tax Court decisions are critical for people dealing with chronic medical conditions. These rulings give direction on what needs to be done to write off health care costs on annual taxes.

Elder Law & Estate Planning

Aging without Children

The demographics of aging are shifting, and the number of single, childless seniors is growing.  Baby boomers, now entering retirement, are much more likely to be childless than previous generations. Some estimates run higher than 25 percent. In addition, more couples have opted to live together outside marriage. Add to that the fact that women tend to outlive men, and it’s obvious that an increasing number of seniors will be on their own.

Elder Law & Estate Planning

Federal Court Awards Retroactive Direct Tuition Relief

On February 1, 2011, a Manhattan Federal Court Judge rendered a decision in D.A. v. New York City Dept. of Education, 09 Civ. 5097 (S.D.N.Y. Feb 1, 2011) that reaffirmed a family’s right to seek and obtain “direct” tuition funding for a private school education where the family proves that the local school district failed to provide a free and appropriate public school education (FAPE) to the student.

Elder Law & Estate Planning

Medicaid Excess Income Program

New York State Department of Health Launches Medicaid Excess Income Program Website New York State Department of Health has launched a new web page entitled “Medicaid Excess Income Program.” It provides consumers with information about this program, which is often referred to as the “Spend-down Program” or the “Surplus Income Program.” The “Medicaid Excess Income Program” provides…

Elder Law & Estate Planning

Report Highlights Difficulties Facing Continuing Care Retirement Communities

Continuing care retirement communities are gaining in popularity as alternatives to home or nursing home care. A recent report released by the Government Accountability Office outlines some of the challenges these communities face, given the current economic climate.

Elder Law & Estate Planning

How Much Long-Term Care Insurance Is Enough?

Long-term care insurance provides coverage for care administered outside a hospital setting. Good policies provide payment for custodial care services, such as preparing meals, doing laundry, and shopping. While Medicaid requires that custodial care be provided in a nursing home, long-term care insurance generally covers custodial care in the insured’s home, an assisted living facility, a family member’s home, or a nursing home.

Elder Law & Estate Planning

Bernard A. Krooks to Speak at 24th Annual Advanced ALI-ABA Conference

Bernard A. Krooks, Esq., of Littman Krooks LLP, will teach a course entitled “Special Needs Trusts: The Basic, the Benefits and the Burdens” at the ALI – ABA (American Law Institute | American Bar Association) 2009 conference on “Sophisticated Estate Planning Techniques.” The ALI-ABA presents a yearly course of study consisting of over 13 hours of instruction aimed at estate planning practitioners. This year’s sessions, will be held from September 10-11 at the Fairmont Copley Plaza in Boston, MA.