More About the Medicare Tax on Net Investment Income by McKenna Long & Aldridge LLP on 4/30/2012 In an advisory issued last month, we generally described the new Medicare tax under Section 1411 of the Internal Revenue Code which applies beginning January 1, 2013 and is equal to 3.8% on the “net investment income” of U.S....more
Planning and Paying for Long-term Care (Part 4 in a Series: Medicaid/Medical Assistance) by McNees Wallace & Nurick LLC on 4/25/2012 As of January 1, 2012, the average cost of skilled nursing care in Pennsylvania is $8,112.13 per month. Recall that according to national statistics, approximately 50% of nursing care throughout the country is paid by...more
McNees Insights -- Spring 2012 by McNees Wallace & Nurick LLC on 4/24/2012 In This Issue: Have You Checked Your Beneficiary Designations Recently?; Tax-Advantage Charitable Giving; and Planning and Paying for Long-term Care (Part 4 in a series: Medicaid/Medical Assistance). Excerpt from...more
Designated to Decide: How to Help a Loved One Finish Well by Melissa Thomas on 4/20/2012 Columbia, MO – April 20, 2012 -- A loving daughter agrees to be her mother’s healthcare agent. A thoughtful mother completes a DNR (Do Not Resuscitate) and DNI (Do Not Intubate) forms. The mother even goes so far as to wear a...more
Designated to Decide: How to Help a Loved One Finish Well by Melissa Thomas on 4/20/2012 Columbia, MO – April 20, 2012 -- Alisa M. Dotson, Esq. watched a video of a loving daughter who agrees to be her mother’s healthcare agent. A thoughtful mother completes a DNR (Do Not Resuscitate) and DNI (Do Not Intubate)...more
Power of Attorney Critical for LGBT Couples by Lawyers.com on 4/9/2012 If you are a gay, lesbian or unmarried heterosexual couple, have you considered what role you would play in your partner’s healthcare should they become incapacitated and unable to communicate? In critical situations, a...more
Insight on Estate Planning - April/May 2012 by Adler Pollock & Sheehan P.C. on 4/1/2012 In This Issue: - Make health care decisions while you’re healthy - Which planning strategies should unmarried couples implement? - Due diligence required when taking charitable deductions - Estate Planning...more
An Introduction on China’s Senior Pension Mechanism by Qin Qu on 4/1/2012 While China’s aging population rapidly grows in recent years, combining with raising expanse for living, more and more people are concerning about their retirement fund—how they can support themselves on medical expenses and...more
Paying for Long Term Care at Home by JOSEPH BOLLHOFER on 3/29/2012 Long term care is very expensive, even at home. And costs are rising much faster than the average cost of living. This article discusses the ways of paying for such care. Since Medicaid is a likely option for many people, the...more
Long Term Care at Home - Additional Medicaid Program by JOSEPH BOLLHOFER on 3/29/2012 This article expands on the article that discusses paying for home care by explaining the basics of several additional Medicaid programs that are available for those who qualify....more
FAQ's Regarding Asset Protection for Physicians and Dentists by Adler Pollock & Sheehan P.C. on 2/10/2012 ASSET PROTECTION FOR PHYSICIANS AND DENTISTS Introduction: You have worked hard for what you own, and you want to keep it. An asset protection program simply employs legal techniques that deter others from taking, or in...more
Top 10 Elder Law Cases of 2011 by Fein, Such, Kahn & Shepard, P.C. on 1/20/2012 New Jersey accounted for 30% of the most important court rulings on elder law issues in 2011. The crib notes version? Stay within the line and intent of the law to get the results that you want. The courts are supporting...more
Aging in Alabama, volume 1, issue 1 by Kyla Kelim on 1/1/2012 Aging in Alabama, an elder law firm serving the southeast United States, has just opened in Fairhope and Mobile, Alabama. Protect your life's work from the devastating costs of a nursing home by planning early. Prevent...more
Who Will Stand in My Shoes? When Adult Children Need Lifelong Support and Supervision by Abrams Fensterman Fensterman Eisman Formato... on 12/29/2011 You are in a diner, and at the next table is an elderly man feeding his middle-aged son, who is in a wheelchair. A neighbor, spry into her 80s, puts her 50-year-old daughter on a bus every morning, to travel to an adult day...more
McNees Insights -- December 2011 by McNees Wallace & Nurick LLC on 12/16/2011 IN THIS ISSUE: Year-End Tax Planning 2011; Planning and Paying for Long-Term Care; and Gifting and Marcellus Shale. Excerpt from Year-End Tax Planning 2011 Year-end tax planning is especially challenging this year...more