Medicaid Eligibility and Elder Law

Elderly couple with lawyer

The federal Medicaid program is designed to ensure senior citizens have long-term health care, but it has financial eligibility requirements that should be considered well ahead of the need for Medicaid benefits. Qualifying for Medicaid often requires applicants to spend down their assets to meet the eligibility requirements. This should be a planned distribution of…

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How Elder Law Will Look Like After COVID-19

elder man signing agreement with lawyer

Just as so many baby boomers and other Americans are entering the stage of life when they want to reap the rewards of a lifetime of work, the COVID-19 coronavirus has disrupted everything. Those of us who assist seniors with elder law matters are seeing the changes from both sides as we adapt and work…

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Planning on Working Part Time During Retirement?

There are pros and cons to working during retirement, even if you are just working part time. You’ll need to know how the additional income impacts your Social Security and retirement account distributions. Not everyone’s idea of a blissful retirement includes a life of full-time hobbies. For those who want or need to keep working,…

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Halloween’s Long Gone—Make Sure You Don’t Have Any Skeletons in Your Financial Closet

While the headline is all in fun, hidden “skeletons” in your financial closet could seriously impact your financial well being, including threatening your retirement. No matter what your income level is, anyone can be knocked out of their fiscal security, reports a recent article in The Kansas City Star, “Financial skeletons to clean out of…

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Getting Paid to Take Care of Your Aging Parents

More family members than you’d imagine, do step up to take care of their elderly parents, losing time that would otherwise be devoted to other family members, their careers or self-care. Most go unpaid, but that may be changing. The financial and emotional stress of taking care of elderly parents or sick loved ones can…

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Don’t Get Stuck in a Nannygate Tax Situation

Even if you are not a high profile politician being considered for public office, you should know that the so-called “nanny tax” refers to any household employee, including caregivers and housekeepers. Remember Zoë Baird? She was on track to be the first female U.S. attorney general in 1993, when it was revealed that she had…

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Social Security and Timing: What You Need to Know

Knowing when to start taking Social Security can make a significant difference in your household cash flow in retirement. You want to make the smartest decision possible, when it comes to taking your Social Security benefit, but it’s not always clear what the best choice is. Kiplinger’s “5 Keys to Your Social Security Benefits Strategy,”…

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