CARES Act RMD Waiver, 60-Day Rollover Extension and July 15th Deadline

Rolling Over Your RMD Because of Corona virus

Retirement account owners, many of whose retirement balances have been pummeled by a stock market drop due to the coronavirus pandemic, do not have to take mandatory withdrawals this year. Typically there are rules mandating Required Minimum Distributions, or RMDs, Read More …

Feds Release 2020 Guidelines Used to Protect the Spouses of Medicaid Applicants

Medicaid Planning Attorney in Avon Lake

The Centers for Medicare & Medicaid Services (CMS) released the 2020 federal guidelines for how much money the spouses of institutionalized Medicaid recipients may keep, as well as related Medicaid figures. How Much Can the Spouse Keep Without Jeopardizing Medicaid Read More …

What to Do and Not Do with Your Estate Planning Documents

What to Do With Estate Planning Documents

Creating and executing estate planning documents is just the first step. Once you have completed the documents, you need to know what to do with them. All estate plans should include, at minimum, two important planning instruments: a durable power Read More …

How to Assist Aging Parents During the Pandemic

Helping Aging Parents During COVID19

If your parents are getting on in years, you may be helping them with their finances and other matters, such as medical visits and shopping. You may live close by and be able to visit weekly or more often. Or Read More …

The Coronavirus Relief Bill: Impact on Seniors and Estate Planning

Coronavirus Estate Planning Attorney

Signed into law on March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is a $2 trillion economic relief package Congress passed to help Americans deal with the devastating financial impact of the coronavirus pandemic. This Coronavirus Read More …

SSI Recipients to Get $1,200 Emergency COVID-19 Automatically Deposited

Coronavirus IRS Check for Man on Social Security

Until recently, there were more questions than answers about the one-time $1,200 payments to millions of eligible individuals that were at the centerpiece of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law March 27, Read More …

How to Protect Yourself or Loved Ones from Coronavirus in Long Term Care Facilities

Coronavirus Nursing Home

At the office of Joseph L. Motta, LPA in Avon Lake, we specialize in offering our expertise in long term care planning and estate planning so we know that as the coronavirus spreads across our country, long term care residents Read More …

When Do I Need a Living Will? Is it the Same as a DNR?

Do I need a Living Will?

We’re all fairly familiar with the acronym CPR, for Cardiopulmonary Resuscitation – a process that uses mouth-to-mouth or machine breathing and chest compressions to restore activity in the heart and lungs when someone’s heart has stopped or they are no Read More …

Avoid Tax & Medicaid Consequences: 6 Tips to Consider When Gifting to Grandchildren

Big Grandparent Gifts - Avoid Taxes and Medicaid Issues

Grandparents often are particularly generous to grandchildren as they see their family’s legacy continuing on to a new generation. In many cases, grandparents feel they have ample resources and their children or grandchildren may be struggling financially. Assistance with summer Read More …

Paying Relatives for Caregiver Services? This Case Shows Why a Contract Could be in Order.

Family Caregiver Agreement

A growing number of people are entering into caregiver contracts with their family members.  These contracts, also called personal service or personal care agreements, have many benefits, including rewarding the family member for indispensable help.  Unfortunately when family caregivers keep Read More …

Don’t Give Your Home to Your Children to Protect it from Medicaid

Don't Lose Your House to Medicaid

Many people fear losing their home if they have to enter a nursing home and apply for Medicaid. They believe that they can preserve their home by transferring it to their children prior to applying for Medicaid. Transferring a home Read More …

Understanding the Different Types of Power of Attorney in Ohio: 4 Main Types of POA

Power of Attorney Document

A power of attorney is a very important estate planning tool.  Power of attorney (POA) is a legal document in which you give someone else the authority to act on your behalf and most states will accept powers of attorney Read More …