4 Ways to Maximize Senior Independence

February is Senior Independence Month Thoughtful legal planning is a key aspect of aging gracefully. As you enter your senior years, it is important to create documents that allow you to maximize your independence and keep your legacy intact. For most seniors, having plans in place for the healthcare, financial, and legal decisions is an […]

When Is Guardianship of an Elderly Parent Needed?

When people think of guardianship, they often think about children or disabled adults who need care. However, guardianship of an elderly or aging adult, is also fairly common. While the process is similar, there are some distinct differences between adult guardianships and minor guardianships. Additionally, the legal guardianship process can be complex. At Michaelson Law, […]

Estate Planning or Elder Law: What Do You Need?

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 […]

Signs of Elder Financial Fraud and Elder Abuse

Elder financial fraud and elder abuse and two important topics that are important to discuss and be aware of as we age.  We like to think that these issues won’t hit us or our loved ones, but elder abuse is much more common than many people realize. According to the World Health Organization, around 1 […]

When to Talk About Your Parent’s Financial Future

Finances is one of those topics that many families avoid talking about. The stigma around talking about money can leave many wondering what to do as our parents get older. But financial experts agree that waiting to talk about finances with your aging parent is a mistake, especially if they are already experiencing cognitive decline […]

Estate and Long-Term Care Planning for Veterans

Are military veterans are permitted to use their Department of Veterans Affairs benefits to help cover the cost of long-term care? The answer is, unfortunately, complicated. For example, a much-underused pension benefit known as Aid and Attendance can provide some money to cover costs for daily living assistance. Aid and Attendance benefits may even be […]

Medicaid Eligibility as a Homeowner

It’s no secret the baby boomers are getting older, and with aging comes a need for care. There has been a dramatic increase in the need for affordable long-term support services in America. Costs for care are rising, and many families are wondering what to do. According to the US Department of Health & Human […]

Social Security Changes Coming 2021

Social Security Changes Coming 2021

Every October, the Social Security Administration (SSA) publishes upcoming changes to its social security program. The social security program is dynamic and impacts nearly 65 million people as of 2020.  In 2021, social security payments will grow by 1.3% and the changes made will take effect on January 1. These changes can impact your retirement age, how […]

Estate Planning During a Pandemic

Whether you are young or old, COVID-19 has us all thinking about our mortality and health more these days. This pandemic took us all by surprise, did you have your affairs in order before? According to one study, approximately 1/3 of all Americans did not have an up-to-date estate plan as of 2017. We expect […]

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