Part of my estate planning practice includes asset protection planning, especially for Medicaid. Many of my clients are interested in protecting their assets for their children. They know, either through personal experience or their own research, that the cost of long-term care could deplete their estates. The average cost of a nursing home in Connecticut…
Reports of elder financial abuse continue to increase, as they are particularly vulnerable to scams or to financial abuse by family members in need of money. It is hard to ascertain the exact number of people affected by elder abuse because studies show that elder abuse is underreported. However, one study found that financial loss from financial elder…
Creating a childrens trust does not mean you are creating irresponsible teenagers, driving fancy cars, and vacationing in Caan for the weekend. You may be picturing the old-school version of a “trust fund kid”. Don’t worry, I was too. But childrens Trusts are not just for the wealthy anymore. It’s a smart estate planning tool…
As COVID-19 cases start to rise again due to the highly contagious Delta variant, nursing homes are considering requiring staff members to be vaccinated. Only 59 percent of nursing home staff are partially or fully vaccinated nationwide, and the percentages are much lower in some states. While 81 percent of nursing home residents are fully…
Attorney Joan Reed Wilson, the managing partner of RWC, LLC Attorneys and Counselors at Law, has been appointed to the Task Force To Study Ways To Protect Senior Citizens From Fraud, by Speaker of The House, Matthew Ritter. Attorney Wilson was recommended by representative Quentin Phipps, who currently serves as the co-chair of the aging…
A caregiver agreement is a legal document that outlines the terms of care between a caregiver and the care recipient. Are you a caregiver or care recipient? A caregiver agreement can help protect both parties and ensure clear expectations. Learn why it’s important and how to create one. Most adult children feel the need and…
