The first cost-of-living adjustment since 2008 has recently been made, bringing a 3.6% increase in pension benefits for aid & attendance recipients. The new payments are effective December 1, 2011, for benefits payable January of 2012. The new A&A pension payments are as follows: Single Veteran: $1,704 Married Veteran: $2,020 Surviving Spouse of a Veteran: [...]
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Elder Law
Alzheimer’s not only affects the individual and his/her family, but their finances as well. A recenbt article lays out some planning methods to carry out once an individual has been diagnosed with Alzheimer’s. The Alzheimer patient needs a team of individuals to help make sure their planning goes the way they intended. A certified Elder [...]
In addition to more traditional estate planning documents like wills and trusts, a prenuptial agreement can be another estate planning tool. These agreements are not only for the rich and famous. Anyone getting getting married who has already accumulated a separate estate should consider executing a prenuptial agreement prior to marriage. This document can help [...]
No matter how old or young you are you should have some kind of estate planning in place. A collegue in Florida accounts a recent encounter with a young couple who did not plan. The couple was young and a second marriage, and had a young child. The two of them executed identical wills and [...]
The Mississippi Supreme Court has ruled that a lifetime transfer of property to a spouse is not presumed to be because of undue influence. Typically, the law provides that transfers of assets to a person with a confidential relationship to the giver are presumed to be due to undue influence by the reciever. So, for [...]
The Mississippi Court of Appeals recently ruled that real property that is "exempt" from creditor claims within a probated estate, are not subject to Medicaid's recapture rights. Federal law requires all staets that participate in the Medicaid program to recover the costs of care of a beneficiary against that beneficiary's estate. This practice is commonly [...]
President Obama is proposing to save the federal government $100 billion over the next decade by making changes to the way the federal government aids states to pay for their elderly and disabled. This proposal in the end could lead to the states cutting back on services that they provide to the elderly and disabled, [...]
We recommend that our clients review their plans at least every 3 years to ensure that their planning is up-to-date with their faimly situation and the law. A family will go through many changes over the course of years, and that often should also mean changes to their estate plan. Unfortunately many people simply create [...]
Parents with special needs children must take the necessary precautions in planning for their future care. To plan for a special needs child’s future care, parents need to make sure they plan their estate accordingly. If parents do not execute an estate plan, a special needs child receiving social security income (SSI) could lose their [...]
One of the most annoying aspects of settling small personal injury settlements today is the reporting requirement of the Medicare Secondary Payer Act, which is designed to ensure that Medicare gets reimbursed for past payments that it has made on plaintiff's behalf, and that Medicare's future interst in future claims arising from the injury are [...]
