A Modest Raise for Nursing Home Workers Could Save 15,000 Lives
According to new research, raising the minimum wage by as little as 10 percent would significantly improve the safety and health of nursing home residents. A visiting scholar at the Minneapolis Federal Reserve, Krista Ruffini recently published her findings on the impact of increasing the minimum wage on nursing home quality and turnover. She compared […]
Elder Law: all you need to know about Guardianships in Bucks County, PA
Guardianships can be crucial to protecting the needs of vulnerable elderly or disabled adults. Understanding the differences in the two types of guardianships makes it easier for you to make plans in the event of a loved one’s incapacitation. Pennsylvania recognizes two types of guardianship that address different needs.
How the pandemic may affect long-term care planning in Doylestown, PA
There are many uncertainties regarding COVID-19’s impact on long-term care planning in Bucks County, PA. Its effect on long-term care insurance policies is among the many swirling questions. For instance, if you do not have a policy, you may wonder if the pandemic will make it more difficult to get one. If you have a […]
States Can’t Terminate Medicaid Benefits During Coronavirus Pandemic
Access to affordable medical care is increasingly more important during a health pandemic. One of the bills passed by Congress in response to the coronavirus pandemic increases Medicaid funding for states. The bill also includes a provision preventing states that accept the additional money from terminating eligible Medicaid benefits while the current coronavirus pandemic continues.
ELDER LAW IN BUCKS COUNTY: What can an elder law attorney do for you?
Quite a lot, really: Elder law in Bucks County is not something that is only meant for senior citizens. Sooner or later, anyone who has a family or who is worried about controlling their health or their financial situation could use the services of an elder law attorney.
Don’t Take Social Security at the Wrong Time
Would you turn down $100,000 if someone offered you that sum? You might be doing just that if you make the wrong choices regarding your Social Security. A recent report by the financial planning firm United Income found that very few seniors are making the optimal financial decisions about Social Security and are losing out […]
How to Plan Your Funeral
No one likes to imagine their own death, let alone their own funeral But planning for this inevitability can make things much easy for your loved ones during an already stressful time, while ensuring your wishes are carried out.
A Final Retirement Account Distribution Must Still Be Made After Death
The concept of the “half-birthday” is not something most of us think about after childhood. You do not find many adults saying, “I am 56 and a half.” However, if you have a non-Roth individual retirement account (IRA) or 401(k), there is an age you’ll want to keep track of: 70 ½.
IRS Announces Increases to Federal Estate and Gift Tax Exclusions for 2020
The IRS has announced that the estate and gift tax exclusion will be raised from the current amount of $11.38 million to $11.58 million in 2020. This means that you will be able to leave $11.58 million to your heirs without your estate having to pay any federal estate or gift taxes. For a married couple the […]
Estate Planning and Retirement Considerations for Late-in-Life Parents
People are having children later and later in life. Janet Jackson gave birth to a son at 50, while Steve Martin discovered the joys of parenthood at 67 (decades after starring in the movie Parenthood). But becoming a parent later-in-life has its challenges, including certain estate planning and retirement considerations.