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Julian Gray Associates
954 Greentree Road
Pittsburgh, PA 15220

Elder Law and Special Needs News

August 2018

 To Clients, Colleagues and Friends: 

We are proud to announce that Certified Elder Law Attorney Julian Gray, will be speaking at the Pennsylvania Bar Institute's "Medical Malpractice: Current Issues and A View from the Bench" program in Pittsburgh on Thursday, August 16, 2018 teaching attorneys about settlement planning.

Featured Articles

Pennsylvania Inheritance Tax & Joint Bank Accounts
People are often surprised to learn that avoiding probate by placing a bank account in joint tenancy does not avoid inheritance tax.
Contributions to ABLE Accounts May Now be Eligible for the Saver’s Credit

Certain low- and middle-income workers will now be eligible for a tax credit when they contribute to ABLE accounts for people with special needs. 

What's In The News

Promissory Notes and Medicaid

A promissory note is normally given in return for a loan. Classifying transfers as loans rather than gifts can be useful because it sometimes allows parents to "lend" assets to their children and still maintain Medicaid eligibility.

Proposed New Medicare Payment System May Affect Beneficiaries

Medicare is proposing a new flat rate reimbursement system for doctors who treat Medicare patients. Some worry that the plan may cause fewer doctors to accept Medicare.

SSA Liberalizes Rules on When Special Needs Trusts Can Reimburse Family Members for Travel

For years, the Social Security Administration (SSA) has placed strict limitations on when special needs trusts can distribute payments to family members for travel expenses. But things just got a little easier. 

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