Brighton Office: 10299 Grand River, Suite N | Brighton, MI 48116 | (810)229-0220
West Branch Office: 2116 M-55 | West Branch, MI 48661 | (989) 418-3500
www.nawrockilaw.com
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(If this email is hard to read, click on the Web Version link above)
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A special message from Nancy Nawrocki of the Nawrocki Center:
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Do You Need an Estate Plan Review?
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Holiday Greetings to one and all! One of the common questions we get here at the Nawrocki Center is when should my estate plan be reviewed by an attorney? Here at the Nawrocki Center we’ve established the 5 D’s as benchmarks mandating that a client’s plan be reviewed by one of our attorneys. They are:
- Divorce
- Death
- Disability
- Domicile Change
- Decade Change (Benchmark Birthday - it’s coming up soon, folks!)
Keeping the 5 D’s in mind—is it time for your Estate Plans to be reviewed? We’re here; just give us a call 810-229-0220 for a free Estate Plan review. Hoping to see you soon.
Nancy C. Nawrocki
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Nawrocki Center Seminars & Events - December, 2019 and January, 2020
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Get the information you need and stay abreast of the latest developments in elder law, special needs, and disability planning by attending a seminar or event conducted by the Nawrocki Center.
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Medicare Premiums to Increase By Almost $10 a Month in 2020
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After small or no increases the past couple of years, Medicare’s Part B premium will rise sharply in 2020. The basic monthly premium will increase $9.10, from $135.50 a month to $144.60.
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Medicaid's Treatment of the Home
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Nursing home residents do not automatically have to sell their homes in order to qualify for Medicaid, but that doesn't mean the house is completely protected.
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Home Care Costs Rise Sharply in Annual Long-Term Care Cost Survey
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When it comes to long-term care costs, the charges for home care are now rising faster than those for nursing home care, according to Genworth's 2019 Cost of Care survey.
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IRS Issues Long-Term Care Premium Deductibility Limits for 2020
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The Internal Revenue Service (IRS) has announced the amount taxpayers can deduct from their 2020 income as a result of buying long-term care insurance.
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Medicare's Different Treatment of the Two Main Post-Hospital Care Options
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Hospital patients who need additional care after being discharged from the hospital are usually sent to either an inpatient rehabilitation facility or a skilled nursing facility, and Medicare offers very different coverage for each.
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Tips on Creating an Estate Plan that Benefits a Child with Special Needs
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Parents want their children to be taken care of after they die. But children with disabilities have increased financial and care needs, so ensuring their long-term welfare can be tricky.
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How Parents Can Provide for a Caregiver Child
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Taking care of a parent can be a full-time job. Parents who want to compensate a child who takes on the burden of caregiving may do so in one of several ways.
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Using a Donor-Advised Fund May Be a Way to Get a Charitable Tax Break Under the New Tax Law
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Donor-advised funds are a growing trend in giving that may get more popular due to the new tax law.
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Don't Wait Too Long to Purchase Long-Term Care Insurance
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The older you get, the harder it is to qualify for long-term care insurance. If you are interested in buying this insurance, it is better to act sooner rather than later.
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Costs of New Long-Term Care Insurance Policies Vary Considerably
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We’ve all heard the advice “It pays to shop around,” but this has never been more true than with the current market for long-term care insurance.
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Guns and Dementia: Dealing With A Loved One's Firearms
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Having a loved one with dementia can be scary, but if you add in a firearm, it can also get dangerous. To prevent harm to both the individual with dementia and others, it is important to plan ahead for how to deal with any weapons.
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Why Not Just Use an Off-the-Shelf Power of Attorney Form?
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A durable power of attorney is one of the most important estate planning documents you can have. It is important to get it right, so you shouldn't use a do-it-yourself form.
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The Best and Worst States for Protection Against Elder Abuse
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The older the population gets, the greater the potential for elder abuse. States have laws in place designed to combat elder abuse, but some states are doing a better job than others.
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Understanding Medicare's Hospice Benefit
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Medicare's hospice benefit is one of the most comprehensive benefits and can be extremely helpful to both the terminally ill individual and his or her family, but it is little understood and underutilized.
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Be Careful About Putting Only One Spouse's Name on a Reverse Mortgage
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A recent case involving basketball star Caldwell Jones demonstrates the danger in having only one spouse's name on a reverse mortgage.
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For First Time, Median Cost of Private Nursing Home Room Hits Six Figures in Annual Survey
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The median cost of a private nursing home room in the United States increased to $100,375 a year in 2018, up 3 percent from 2017, according to Genworth's annual Cost of Care survey.
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Brighton Office: West Branch Office
10299 Grand River, Suite N 2116 M-55, Suite B
Brighton, MI 48116 West Branch, MI 48661
Phone: 810-229-0220 Phone: 989-418-3500
Website: www.nawrockilaw.com
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