For people struggling to make ends meet, it may be difficult to decide when to (or whether to) file for bankruptcy protection. For those unfamiliar with it, bankruptcy provides a way to eliminate troublesome debt and provide consumers with a fresh financial start....
In 2015, the U.S. economy is expected to grow steadily, and the first quarter of the year appears to be following that prediction. Even though it is early, there is reason for optimism as people who had struggled for years to get back into the workforce appear to be...
The new year comes with a certain amount of trepidation for those living on fixed incomes; particularly senior citizens who depend on Social Security benefits as well as income tax refunds to make ends meet during the year. However, there are many people who have been...
To persons of a certain age in Ohio and elsewhere, it likely doesn’t seem that long ago that many people regarded estate planning as some esoteric prerogative of only the super rich. These days, there is a far greater appreciation among many millions of individuals...
Interestingly, it appears that baby boomers do not all feel that they owe their children the same things. Recent polls found that more than half — 54 percent — think that they should not have an obligation to leave money behind for their children. The remaining 46...
After a brief holiday break, we are back to the 8 Nights of Medicaid Planning. Last time, we talked about quality of care. Today’s topic is family financial responsibility for long term care and final expenses. There is a common belief out there that if an individual...
Last time, we talked about the dreaded Look Back Period. In the third part of our Hanukkah inspired Medicaid Planning series we are going to talk about nursing homes and quality of care. There is a myth out there that people who receive Medicaid can’t pick their...
Tis the season to do holiday shopping. This may a joy to many people, but it be annoying when you have to search far and wide for a parking spot. This can be made even more difficult if you are disabled and the handicapped spaces are continually full. While timing may...
Today’s post in the Hanukkah inspired 8 nights of elder law talks about the dreaded “look back period”. The vast majority of the people the I meet with say, “I have heard about a “look back period”, but I need care now, so I can’t get benefits.” This is both true and...
In honor of the start of Hanukkah, we’ve decided to dedicate eight entries over eight days to the most common myths about Medicaid and Medicaid Planning. Myth #1. “I have a “living trust” so my assets are protected.” This, I think, is one of if not the biggest myth in...