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Month: March 2017

Take Away the Keys: Then What?

As your parents age it can become more and more apparent that one or both have lost a lot of mental capacity and reaction time. Yet they are still driving. You know that could be dangerous – to them and to others. Sometimes they realize it on their own and they decide to stop driving. […]

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Update: Dept. of Veterans Affairs Proposes Transfer Penalty for Pension Applications

Update March 24, 2017 We continue to receive anecdotal information regarding when this proposed regulation will be implemented by the VA. Unfortunately, we have no firm information about when and how the regulation will be implemented. Recent information indicates the VA may begin to impose this rule in June 2017. If you are contemplating filing […]

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Execute a Power of Attorney before It’s Too Late

A durable power of attorney is an extremely important estate planning tool, even more important than a will in many cases.  This crucial document allows a person you appoint — your “attorney-in-fact” or “agent” — to act in place of you — the “principal” — for financial purposes when and if you ever become incapacitated […]

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What’s the Difference Between Medicare and Medicaid in the Context of Long-Term Care

Although their names are confusingly alike, Medicaid and Medicare are quite different programs. Both programs provide health coverage, but Medicare is an “entitlement” program, meaning that everyone who reaches age 65 and is entitled to receive Social Security benefits also receives Medicare. (Medicare also covers people of any age who are permanently disabled or who […]

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