Elder law is an area of legal practice that specializes in issues that affect the elderly. The purpose of elder law planning is to prepare the elderly person for financial freedom and autonomy through proper financial planning and long-term care options.
Every year Medicare gives beneficiaries a window of opportunity to shop around and determine if their current Medicare plan is still the best one for them. During Medicare’s Annual Enrollment Period, which usually runs between October 15th – December 7th, beneficiaries can freely enroll in or switch plans. During this period, you may enroll in…
What Is World Alzheimer’s Month? World Alzheimer’s Month is an annual international campaign that takes place every September to raise awareness about Alzheimer’s disease and other forms of dementia. This global movement aims to challenge the stigma surrounding dementia, educate the public, and encourage governments and organizations to prioritize dementia research and care. With an…
It has been nearly five years since the VA rules for Aid & Attendance benefits changed drastically. Among other things, the new rule imposed a 3-year look back for transfers of assets, including gifts to persons, trusts or purchases of annuities, deny claims for up to 10 years due to transfer and exempt the value…
Happy May! The month of Elder Law awareness. To begin the month, we wanted to discuss legal capacity and dementia. We sometimes hear from clients or their loved ones that they believe that a diagnosis of dementia means that the person cannot execute estate planning documents. This is not necessarily true. What Is Legal Capacity…
The ABC’s of MSP, QMB, SLMB and ALMB March 1, 2023 is the date when the Medicare Savings Program (“MSP”) income thresholds are updated. The figures are based on the federal poverty guidelines, which are adjusted every January based on inflation. Each State manages its own MSP standards. In Connecticut, you are eligible for MSP…
We have everything you need to know right here! With this insightful breakdown by Elder Law Attorney Joan Reed Wilson, understand how the latest estate planning and elder law updates of 2023 will affect you. For those who enjoy numbers over words, this article is for you. For those who don’t, read slowly! Related…
