IRS Issues Long-Term Care Premium Deductibility Limits for 2020 The Internal Revenue Service (IRS) has announced the amount taxpayers can deduct from their 2020 income as a result of buying long-term care insurance. Premiums for “qualified” long-term care insurance policies (see explanation below...
Home Care Costs Rise Sharply in Annual Long-Term Care Cost Survey When it comes to long-term care costs, the charges for home care are now rising faster than those for nursing home care, according to Genworth's 2019 Cost of Care survey. In the past year, the median annual cost for home health aid...
Are You a Grandparent Raising a Grandchild? If so, You Might Qualify for the Earned Income Tax Credit. Raising a grandchild can be tough financially, but for those doings so, there is a tax credit available that could help. Working grandparents who are supporting their grandchildren may qualify f...
Adults are assumed to be capable of making their own decisions unless a court determines otherwise, in which case a substitute decision-maker, called a guardian is required.
Traditionally, Medicaid has paid for long-term care in a nursing home, but because most individuals would rather be cared for at home and home care is cheaper, all 50 states now have Medicaid programs that offer at least some home care.
Having a loved one with dementia can be scary, but if you add in a firearm, it can also get dangerous. To prevent harm to both the individual with dementia and others, it is important to plan ahead for how to deal with any weapons.
To encourage prospective clients to think through, discuss, and properly document all of their important decisions by Christmas, I am offering several of my estate planning packages at a reduced rate during the month of November 2018.
Thanksgiving 2018 Dinner Giveaway I would like to give away a basket comprised of everything needed to make a complete Thanksgiving meal to a family in need this year. However, I need your help! Do you know a family in need this Thanksgiving season? If so, please nominate them for my giveaway usi...
While a nursing home cannot require a child to be personally liable for their parent's nursing home bill, there are circumstances in which children can end up having to pay.
A California daughter and granddaughter's fear of losing their home to Medicaid may have contributed to a severe case of elder abuse.
Just as we create estate plans for our eventual demise, we also need to plan ahead for the possibility that we will become sick and unable to make our own medical decisions.
New Federal Law Puts Focus on Preventing Elder Abuse A new federal law is designed to address the growing problem of elder abuse. The law supports efforts to better understand, prevent, and combat both financial and physical elder abuse. The prevalence of elder abuse is hard to calculate because ...
Planning by parents can make all the difference in the life of the child with special needs, as well as that of his or her siblings who may be left with the responsibility for caretaking (on top of their own careers and caring for their own families and, possibly, ailing parents).
Americans are living longer than they did in years past, including those with disabilities. Planning by parents can make all the difference in the life of a child with a disability, as well as that of his or her siblings who may be left with the responsibility for caretaking of a disabled sibling.
Trusts you create for yourself will be considered available to you in determining your eligibility for SSI. However, assets in a trust created by someone else naming you as a beneficiary will not be considered to belong to you for purposes of determining your SSI eligibility.
Fall Estate Planning Special Happy Fall! I love the cooler weather and the warmth that the change of seasons brings. As we enter this wonderful time of year, and prepare for the holiday season, we are often intentional about spending more time with our families and loved ones. Accordingly, it is ...
Virginia Will Workshop on January 30, 2016.
Thanksgiving is an opportune time to talk at ease and at length about our wishes in the event of incapacity with those closest to us.
Nursing home residents do not automatically have to sell their homes in order to qualify for Medicaid. In some states, the home will not be considered a countable asset for Medicaid eligibility purposes as long as the nursing home resident intends to return home; ...
Estate planning is ultimately about your loved ones. It is about making tough decisions and articulating your wishes while you are alive and healthy, so that your loved ones do not have to make those difficult decisions while also caring or grieving ...
The Law Office of Aubrey Carew Sizer PLLC provides customized and affordable estate planning (including wills, living trusts, powers of attorney, and advance medical directives); elder law services (including long-term care planning, special needs planning for the disabled, and guardianships and conservatorships); probate, estate and trust administration (including advising executors and administrators of estates about post-mortem planning and the local probate process in Virginia), as well as general aging and disability advice in Northern Virginia, including but not limited to Arlington, Alexandria, Ashburn, Bristow, Burke, Centreville, Chantilly, Gainesville, Fairfax, Falls Church, Haymarket, Herndon, Leesburg, Manassas, Manassas Park, Reston, Springfield, Sterling, and throughout Loudoun, Prince William, and Fairfax counties.