Skilled Nursing Facility Coverage

Medicare Part A covers up to 100 days of “skilled nursing” care per spell of illness. However, the conditions for obtaining Medicare coverage of a nursing home stay are quite stringent. Here are the main requirements: The Medicare recipient must enter the nursing home no more than 30 days after a hospital stay that itself…

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Estate Taxes

   As you may already know we are in uncertain tax planning times. In 2010 there is no estate tax unless Congress takes steps to finalize some solution. Next year the estate tax exemption is slated to be $1,000,000, the same amount it was in year 2000 with a tax rate that can go up…

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Power of Attorney

Typical concerns about Powers of Attorney    I’m afraid that the person I appoint won’t manage my affairs properly giving someone the potential power to manager affairs can be frightening. This is why it is important for you to appoint someone you trust to be your attorney. She must use your finances as you would…

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No Estate Plan? What's your excuse?

Excuse #1: My estate is too small. For many individuals, especially those with smaller estates, the most important documents are a durable power of attorney and medical directives. While a will protects your estate after you’re gone, a durable power of attorney and medical directives protect you while you’re still here. Excuse #2: Joint ownership of…

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Multigenerational Living

By: Rajiv Nagaich The recent economic downturn brings to light the obvious – the vulnerability of anyone who has not prepared to weather the financial storm. According to a recent report, Living Longer on Less: The New (In)security of Seniors, produced by The Institute on Assets and Social Policy (IASP), a research institute at the…

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Elder Law v/s Estate Planning

 What is the similarity between the characters in the musical “Fiddler on the Roof” and attorneys? Tradition! All of my clients deal with estate planning issues: The majority of my clients who have planned their estates have done so under the traditional notions of estate planning which, unfortunately, leaves them largely exposed to the threat of…

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