Our law firm assists seniors, disabled persons and their family members in applying for Medicaid assistance. We frequently observe the following planning errors that people make when applying for Medicaid. Medicaid myths: Relying on information from family members, friends or non-elder law professionals. Medicaid is a state program funded in …
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Many baby boomers are retired or getting ready to retire. Many are in good health and are looking forward to not having to work. Their children are often grown, educated and on their own. Many boomers have a modest pension and Social Security for income and will have to make decisions regarding their IRA and 401(k) rollovers. Some financial …
You may have heard the term “silver tsunami” used in explaining the number of baby boomers reaching retirement age, declining birth rates and individuals living longer. The U.S. Census Bureau projects that by 2035, for the first time in U.S. history, there will be more adults age 65 and older than children. As the number of seniors increases in …
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Dear Attorney Tully: When is the best time for an individual to do his will and/or estate planning? I am a 63-year-old, divorced man with three adult children. I have a few minor health issues, but am otherwise in pretty good health. I have beneficiaries under my IRA and my insurance policies, and I have joint checking and saving accounts with my …
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