By James S. Rizzo, Esq.* “A man who procrastinates in his choosing will inevitably have his choice made for him by circumstance.” – Hunter S. Thompson Clients are often surprised when I tell them the Power of Attorney is arguably the most urgent estate planning document to have completed, with a Will and Health Care…
The Dangers of Not Having a Power of Attorney Read More »
Studies have found that workers overestimate how much they will receive in Social Security benefits when they retire. Having a good understanding of the realities can help you plan for retirement.
You May Be Overestimating Your Social Security Benefits Read More »
The U.S. Supreme Court has agreed to hear a case that has the potential to affect anyone who receives government assistance with their medical care following a disabling injury that results in a lawsuit.
Qualifying for Medicare hardly means free health care — there are still premiums and deductibles. However, people who qualify for both Medicare and Medicaid (called “dual eligibility”) receive help paying their out-of-pocket costs.
Dual Eligibility: How Qualifying for Both Medicare and Medicaid Can Help With Costs Read More »
Thousands of SSI recipients have been falsely accused of owning real estate because of the Social Security Administration’s reliance on a private database that is “riddled with errors,” according to a new report.
Medicaid long-term care benefits traditionally pay mainly for nursing home care, but the federal government can grant “waivers” to states allowing them to expand Medicaid to include home and community-based services. The downside is that receiving care in a nursing home is an entitlement, while getting care at home is not.
Medicaid’s Home Care Waivers Can Help You Avoid a Nursing Home, But the Line May Be Long Read More »
The government has expanded access to protections for spouses of reverse mortgage holders who are not named in the loan document, allowing more such spouses the ability to stay in their home if the borrowing spouse dies or moves to a care facility.
Non-Borrowing Spouses of Reverse Mortgage Holders Receive Expanded Protections Read More »
By James S. Rizzo, Esq.* “Sometimes the poorest man leaves his children the richest inheritance.” – Ruth E. Wenkel Transferring ownership of property to children as people age, while retaining the right to live at the property for the rest of one’s life (in legal jargon, “retaining a life estate”), is a common practice but
Potential Perils of Transferring Property to Children Read More »
President Biden has introduced a plan to spend $400 billion over eight years on home and community-based care for the elderly and people with disabilities. The money would go to expand access to care and support higher-paying caregiving jobs.
President Biden Proposes Billions in Increased Funding for Home Health Care Read More »
Medicare prescription drug plans can have a coverage gap—called the “doughnut hole”–which limits how much Medicare will pay for your drugs until you pay a certain amount out of pocket.
How You Can End Up in Medicare’s Doughnut Hole, and How You Get Out Read More »
