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As you get older and begin to plan for living life in retirement, you may hear the terms “estate planning” and “elder law” brought up regularly. There are some clear differences between estate planning and elder law, but they also have some important similarities. Even though these two types of law are technically utilized for two different stages in life, elder law and estate planning are often handled at the
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It’s no secret the baby boomers are getting older, which means there has been a dramatic increase in the need for affordable long-term support services in America. Costs for long-term senior care are getting increasingly expensive, and many families are wondering what to do and how to pay for a long-term care insurance policy or monthly bills from a nursing home. According to the US Department of Health & Human
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Did you know that there are over 400 different types of dementia? The number of different types is staggering but the most common cause of dementia is due to Alzheimer’s disease. At least, that’s what the Alzheimer’s Association‘s published 2020 Facts and Figures reports. Other relatively common types of dementia include vascular, Lewy Body disease, frontotemporal dementia, and early-onset dementia. No matter the type, dementia can be traumatizing for both
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ABLE Act and Special Needs Estate Planning The Achieving a Better Life Experience (ABLE) Act was signed into law in December of 2014. The purpose of the Act is to provide individuals and families the ability to finance disability needs tax-free. The savings the ABLE Act can provide is similar to the 529 education savings plan. The ABLE Act allows families to save up to $100,000 in a special account
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