July 2021 Newsletter
In our Estate Planning and Elder Law practice, we have clients with small businesses. Clients often engage in both selling their businesses as they wind down and buying businesses. Transferring businesses to family members is a major part of long-term care planning; especially for Medicaid qualification. Occasionally it may make sense for an elderly client to purchase a business.
June 2021 Newsletter
Last July we wrote about some changes in IRA distribution law known as the SECURE Act. One change makes designating a Qualified Disability Trust a beneficiary of an IRA instead of an individual efficient for both tax and public benefit purposes. This newsletter explores the use of such trusts and confusion about them.
May 2021 Newsletter
Previously we looked at the timelines for Medicaid Planning, the Medicaid Asset Protection Trust (MAPT) and how the MAPT protects assets for someone who may need long term care Medicaid. Today we will look at how the MAPT protects its beneficiaries, typically our children.
April 2021 Newsletter
Previously we looked at the timelines for Medicaid Planning and the Medicaid Asset Protection Trust (MAPT). We will look at how the MAPT works and its advantages in protecting assets and qualifying one for long term care Medicaid.
March 2021 Newsletter
This is the first of several parts discussing Medicaid planning. It is no secret the cost of long-term care in America is the greatest threat to the economic well-being of most Americans. There are only three ways to pay for long-term care: Private long-term care insurance; private resources; and after you have spent all your money and are broke; Medicaid.
February 2021 Newsletter
What do Wilson Pickett, Bobby Goldsboro, Marvin Gay, and Carole King all have in common? Other than being popular singers?
They all said it’s too late! But is it?
January 2021 Newsletter
Social Security payments are determined by a number of factors: the amount of money you earn and amount you pay into the Social Security system, the age at which you begin taking benefits, marital status, how long you work, disability status and other factors. There are a number of ways to increase what you receive from Social Security. Not all of these methods will be applicable to everyone or even practical but consider them nonetheless.
December 2020 Newsletter
November 2020 Newsletter
Since 1993, every state must establish a program to recover Medicaid expenditures from the estates of recipients. 42 U.S.C. § 1396p(b)(1)(B). This is known as “estate recovery.” In theory states can impose liens to personal or real property 42 U.S.C. § 1396p(a) or seek to recover from the Medicaid recipient's decedent's estate. 42 U.S.C. § 1396p(b)(1)(A).
Fall 2020 Webcast Calendar
5 Upcoming Webcast on 3 Intriguing Topics –Register Today!
October 2020 Newsletter
In essence, Wills do nothing while the Will maker is alive. Trusts function as both substitutes for powers of attorney and for wills.
September 2020 Newsletter
Did you know that once a child reaches the age of 18, you no longer have access to your child's medical or financial information or that you no longer have the ability to make medical decisions or act in a financial capacity for them unless you have their written consent or are with them and they give their verbal consent?
August 2020 Newsletter
COVID-19 reopening plan for Estate & Elder Law Services
As valued colleagues and clients, we want to continue keeping you informed of the operations of Estate & Elder Law Services amid ongoing concerns of COVID-19.
Catherine B. Read named Chair of the Elder Law Section at DSBA
The Elder Law section is comprised of Delaware attorneys who are interested in the impact of the law on the elderly, including but not limited to, issues relating to elder abuse and financial exploitation, adult guardianships...
June 2020 Newsletter
Turmoil, anxiety, vexatious, how many words can you use to explain the Covid-19 plague?
Covid-19 Update from Estate & Elder Law
At Estate & Elder Law Services we are here to serve our clients: the elderly, those with disabilities and their families. No one is more important.
Coronavirus Update from Estate & Elder Law Services
As valued colleagues and clients, we want to continue keeping you informed of the operations of Estate & Elder Law Services amid concerns of COVID-19.
Covid-19 Update from Estate & Elder Law Services
In light of the COVID-19 pandemic, we continue to react proactively and erring on the side of caution to protect the safety and well-being of our staff, clients and advisors...
Estate & Elder Law Services Coronavirus Precautions
In light of the outbreak of the coronavirus, we are reacting proactively and erring on the side of caution to protect the safety and well-being of our staff and clients...