Elder Law and Estate Planning Attorney
Medicaid is a joint program of the federal and state governments that can cover the nursing home costs of individuals who meet its strict financial requirements. Single Person Medicaid Qualifications: A single person may qualify for Medicaid only Read More …
Many types of property and investments pass outside of probate and allow you to designate who will receive them after your death. It is important that these designations are kept up to date and are consistent with the rest of Read More …
Prepaying for your funeral is one way to ease the burden on your family following your death and make sure your wishes are carried out. But pre-paid funeral plans come with risks, so you need to exercise care when purchasing Read More …
Making sure your end-of-life wishes are followed no matter where you are is important. When you move to a different state, work in a different state for long periods of time, vacation in a different state for months at a Read More …
With all the deductibles, copayments and coverage exclusions, Medicare pays for only about half of the medical costs of America’s senior citizens. Much of the balance not covered by Medicare can be covered by purchasing a “Medigap” insurance policy. Medigap Read More …
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 …
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 …
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 …
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 …
In previous posts, “Important Change Affects Special Needs Planning: Stretch IRAs Eliminated.” and “Time to Check-Up on your Estate Plan if it Includes IRAs” we have covered certain implications of the recent SECURE Act. In this post we cover the Read More …
The coronavirus pandemic is another reminder that life is unpredictable, and it makes sense to be prepared. It may sound self-serving, but the threats to life and finances posed by the pandemic offer ample reason to reevaluate your estate plan Read More …
So you have your estate planning documents in order – an updated will, a trust, updated beneficiaries on your life insurance policies and retirement accounts. You have taken care of all the big stuff, maybe even pre-planned the funeral, but Read More …
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 …
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 …
Those of you familiar with Joseph L. Motta, LPA know that we typically focus our blogs, posts and updates on estate planning, long term care planning and special needs planning. However, we will be expanding our topics to provide expertise Read More …
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 …
People not familiar with children with special needs often find it surprising when we explain our areas of expertise are estate planning, long term care planning, elder law and special needs planning. They usually haven’t considered that children with disabilities Read More …
Even when you’ve taken all the precautions, met with an estate planning attorney and have all your documents and financial planning done, there are several times when you will want to make changes, or at minimum, re-evaluate, your estate plan. Read More …
What do millennial and aging couples have in common? Trends are showing that more older couples are choosing to stay unmarried, despite being in long-term committed relationships. Most married couples understand the importance of estate planning to transfer assets and Read More …
It is possible that an individual, once diagnosed as a person with special needs, sometime in the future will no longer qualify as “disabled” according to IRS regulations. The individual’s condition might have improved through remission or medical treatment, for Read More …
