Estate Planning and Asset Protection for Retirement Accounts

For many estate planning clients, their retirement account represents the majority of their wealth.  Typically these accounts are held in “tax qualified plans” such as a 401(k), or an IRA.  Because they are not subject to income tax until withdrawn — typically at age 70 1/2 — they provide the ability to accumulate large amounts of wealth during one’s lifetime.  In addition,

Elder Law Attorney Speaks About Medicare Options

As an Elder Law Attorney, clients often come to me when nearing 65, overwhelmed by the many alternatives available to them in choosing their healthcare. They ask: Do I need both Medicare A and B? Do I need a Prescription Drug Plan? What about a Supplement Plan? or Medicare Advantage Plan? In this Blog we answer these important questions asked by seniors as they

Keeping your Income when your Spouse is on Medicaid

Although Medicaid limits the assets that the spouse of a Medicaid applicant can retain, the income of the “community spouse” is not counted in determining the Medicaid applicant’s eligibility. Only income in the applicant’s name is counted. Thus, even if the community spouse is still working and earning, say, $5,000 a month, she will not

Proposed New Law Tightens Eligibilty Requirements for Aid and Attendance Pension

Historically, the Veterans Administration (VA) Pension benefit known as “Aid and Attendance” has been a well kept secret .  However, for those who  have served in the military (or whose deceased spouse served in the military) during a time of war and meet certain other financial and need criteria, it can provide substantial financial assistance.  The benefit is available to a