April 2024

The Care Your Family Needs

Survey Highlights High Costs of Long-Term Care in 2023

You may not foresee ever needing assistance with your day-to-day life. However, research shows that seven in 10 adults aged 65 and older will require long-term care at some point in their later years.

Legal Guardianship for Adults With Serious Mental Illness

Many people with mental health challenges can live independent lives. However, those with severe impairments may need additional help.

Promoting Healthy Aging During Financial Literacy Month

As April marks Financial Literacy Month, it is an excellent time to start improving your financial literacy. Gaining financial savvy can help you handle the challenges and complexities of aging.

Financial Planning: High-Net-Worth Wealth Transfer to Heirs

Owners of high-net-worth estates typically monitor and amend their estate plans regularly. They understand that the responsibility of financial stewardship will ensure continued wealth for many generations.

Securely Storing Your Legal Documents

Storing important documents in digital form provides convenient copies that can be accessed by trusted individuals involved in your estate planning. They will also need access to online accounts in emergencies.

Food Will No Longer Count as Income for SSI Recipients

The Social Security Administration (SSA) has announced a major change regarding how it calculates In-Kind Support and Maintenance for recipients of Supplemental Security Income, or SSI. Beginning later this year, the SSA will no longer count "free food" as income.

Should a Special Needs Trust End If Beneficiary Recovers?

One question that typically comes up when an attorney is drafting a special needs trust for a beneficiary whose disability may end at some point is whether the attorney can write a clause into the special needs trust stating that the trust will dissolve if the beneficiary's disability ends. The answer is almost always "no."

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