On behalf of The Elder and Disability Law Firm, APC on Monday, March 3, 2014. Sometimes a highly publicized legal case can provide an example that resonates throughout society. This type of scenario took place several years ago with a young woman named Terri Schiavo at the center.Schiavo fell into a vegetative state after suffering full cardiac arrest at the age of 26. She was subsequently kept alive via the use of feeding tubes for years after this horrific event occurred.After ei...
On behalf of The Elder and Disability Law Firm, APC on Wednesday, February 26, 2014. Making budgetary preparations for long-term care expenses is something that you should prioritize when you are looking ahead toward the latter portion of your life. This is true even if you expect to be on Medicare once you reach the age of eligibility because the Medicare program does not absorb assisted living expenses.And, if you simply assume that you can pay these costs yourself you would do w...
On behalf of The Elder and Disability Law Firm, APC on Friday, February 14, 2014. If you are going through life without an estate plan you are not alone. Less than half of people who have not yet achieved senior citizen status have any type of estate plan in place. However, when you go through life without executing these important documents you may be putting those that you love at risk.This is a broad subject, but we would like to highlight the need for committed couples who are ...
On behalf of The Elder and Disability Law Firm, APC on Wednesday, February 12, 2014. It is important to be cognizant of the fact that you are not necessarily going to be optimally served by utilizing a last will to arrange for the transfer of assets to your loved ones. When you use a will there are costs involved because the estate must be probated before it is closed, and there are significant expenses incurred during the probate process in many cases.In addition to this, it is ve...
On behalf of The Elder and Disability Law Firm, APC on Tuesday, February 4, 2014. Because of the fact that passing away can seem very distant you may not take estate planning all that seriously. For this reason a majority of people who have not yet achieved senior citizen status are going through life without having made any plans at all.People such as these may recognize the fact that ideally they should have a plan in place but they are simply in no hurry.This is a rather flippan...
On behalf of The Elder and Disability Law Firm, APC on Monday, January 27, 2014. There are a lot of misconceptions out there when it comes to estate planning terms because people make assumptions without seeking expert advice. With this in mind we would like to provide some clarity with regard to the difference between an estate tax and an inheritance tax.Many individuals assume that these are interchangeable terms but in fact they are two different taxes, and in some cases both of...
On behalf of The Elder and Disability Law Firm, APC on Tuesday, January 21, 2014. With the passing of the entertainment personality Dick Clark the world lost an iconic figure who was a part of the pop culture landscape for decades. According to reports he was extremely successful from a financial point of view during his career, amassing a personal fortune that is estimated to be in the hundreds of millions of dollars.As a result, his family will presumably be receiving a large inh...
On behalf of The Elder and Disability Law Firm, APC on Thursday, January 2, 2014. A lot of people procrastinate when it comes to estate planning. They tell themselves that they will have plenty of time to take care of it when they are old and gray, but the truth is that you are taking risks when you look at things this way.For one thing, you really don't know when you will pass away. Yes, there are average life expectancies and they are useful to consider. But in the end fate holds...
On behalf of The Elder and Disability Law Firm, APC on Monday, December 30, 2013. It is important to gather all the relevant information when you are making plans for the future. With this in mind your anticipated lifespan is something to be aware of, and at the present time the average lifespan among all people in the United States is 78.1 years.However, depending on how old you are and whether or not you are a man or a woman your expected lifespan can vary considerably. As you ge...
On behalf of The Elder and Disability Law Firm, APC on Friday, December 27, 2013. Estate planning is clearly going to involve arranging for the distribution of financial assets to your heirs after you pass away. However, you would also do well to make preparations for the latter stages of your life when certain eventualities may present themselves. With this in mind it is important to understand just how common Alzheimer's-induced dementia has become in America today.Alzheimer's di...
