Along with the SECURE 2.0 Act passed in December 2022, tax provisions were incorporated into the Inflation Reduction Act (IRA), which became law in August 2022. Lower-income households will see automatic tax code changes, while higher-income and high-net-worth individuals should…
Adults with developmental disabilities who cannot make important decisions or care for themselves as adults are typically placed under the care of a guardian or conservator. A court appoints a guardian to make personal and financial decisions for individuals lacking…
To receive federal assistance through Medicaid for nursing home care, assisted living, home care, or adult foster care, individuals must meet strict income and asset thresholds. Because of these rules, many applicants try to give away money and resources to…
The Lewis Katz School of Medicine at Temple University discovered that pharmacological chaperone therapy protects mice from Alzheimer’s disease (AD). Alzheimer’s is a chronic neurodegenerative disease with no cure yet. Abnormal clumps called amyloid-beta plaques and tangled fibers known as…
As we age, legal challenges related to health, finances, and long-term care become increasingly important. Elder law is a specialized area that helps seniors and their families navigate these complex issues. Understanding and planning ahead with the help of a…
An advance health care directive, also called a living will, is a legal document that states your wishes regarding medical treatment if you become unable to make decisions for yourself. Preparing a living will is essential for all adults because…
It is likely that the forty-year inflation high Americans have been experiencing will last well into 2023 and beyond unless there is a significant course correction. According to Bankrate’s Third-Quarter Economic Indicator poll, inflation is expected to be more significant…
A Continuing Care Retirement Community (CCRC) offers seniors a comprehensive and flexible approach to aging in place, with care options that evolve alongside residents’ changing health needs. Understanding the phases of care, costs, contract considerations, and key questions can help…
As a result of his age, your grandfather Martin can no longer make his own decisions. A court appoints you to be Martin’s guardian of property, to help Martin manage his money. You become Martin’s “fiduciary.” The law now requires…
Americans who live in nursing homes are among the most vulnerable. When the novel coronavirus hit, these nursing homes became its ground zero. Many residents and workers did not receive adequate testing, and staff struggled to obtain personal protective equipment.…