Medicare Open Enrollment: Review Your Choices

Coronavirus Estate Planning Attorney

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 Open Enrollment Period, which runs from October 15 to December 7, beneficiaries Read More …

Consider Getting Long-Term Care Insurance Before it Isn’t Offered

Long Term Care Insurance Availability

With nursing home care in some parts of the country costing as much as $10,000 a month, a long-term need for care can deplete even the best-planned estate. As a result, many seniors buy long-term care insurance to cover this Read More …

Keep the Cost of Long-Term Care from Depleting Your Estate

Estate Planning Attorney Avon Lake Ohio Elder Law Joe Motta Attorney long term care and medicare planning

One of the greatest concerns of seniors and their families is the cost of long-term care, especially the cost of nursing home care. Long-term care refers to a range of services necessary to meet your personal needs. Most long-term care Read More …

Can You Name Minors as Your Beneficiaries?

minor as beneficiary

Most people want to pass their assets to their children or grandchildren, so should you name a minor as your beneficiary? No. Naming a minor as a beneficiary can have unintended consequences. It is important to make a plan that Read More …

Expanded Protections for Non-Borrowing Spouse of Reverse Mortgage Holders

Reverse Mortgage Estate Planning Attorney

This is our first post about reverse mortgages. If you have questions about how a reverse mortgage could fit into your estate planning, please contact us for a free consultation. New Protections for the Non-Borrowing Spouse of Reverse Mortgage The Read More …

Medicaid Planning: Beware of Non-Lawyers Offering Advice

2021 Medicare Premiums

In recent years a number of non-lawyers have started businesses offering Medicaid planning services to seniors. While using one of these services may be cheaper than hiring a lawyer, the overall costs may be far greater. If you use a Read More …

Bill Reintroduced to Greatly Expand Eligibility for ABLE Accounts

ABLE account no longer disabled

More than six million people whose disabilities arose later in life will be able to open ABLE savings accounts if a bill just reintroduced in Congress, the ABLE Age Adjustment Act, becomes law. In 2014, Congress passed the Achieving a Better Life Experience (ABLE) Read More …

Saying Medicaid Estate Recovery Keeps Families in Poverty, Groups Call to Abolish It

Talking ABout Estate Planning to Parents

To qualify for Medicaid coverage of long-term care, you must satisfy very complicated financial eligibility rules—rules that often can be traps for the unwary. One of the most significant traps is Medicaid’s right to recover its expenses from your estate Read More …

Industry Group Reports 2021 Premiums for New Long-Term Care Insurance Policies

Estate Planning Forms

Prices of new long-term care insurance policies for 2021 have have been posted in the annual report from the American Association for Long-Term Care Insurance, an industry group. The price increases apply to new, not current policies.  Comparing the 2021 prices with 2020 Read More …

Who Should Buy Long-Term Care Insurance?

paying for long-term care

Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your options. Long-term care – care in a nursing home or Read More …

Senators Propose Sweeping Changes to the Taxation of Estates and Inherited Gains

Inheritance Tax Changes

Vermont senator Bernie Sanders (D) has introduced legislation that would require more estates to pay estate tax and that raises the amounts they would pay. Another proposed law would eliminate the step-up in basis that inherited assets currently enjoy. Taken Read More …

Medicaid Recipients Have More Time to Spend Down Stimulus Check

Medicaid Spend Stimulus

The one-year deadline for nursing home residents on Medicaid to spend down their first round of stimulus checks is here, but they may have a little extra time. Stimulus Checks Excluded From Medicaid’s Resource Limits for 12 Months In March Read More …