The following considerations are among the most misunderstood by our clients—before they talk to us, that is. My Children will be Excited to Inherit my House Maybe, maybe not. Adult children are not as sentimental about the house they grew up in as parents like to believe. More likely, the asset value of the house… Read more »
What is long term care Medicaid? Long term care (LTC) Medicaid is a joint federal and state program for individuals who need nursing home-level care and meet other eligibility requirements. The care can be received in a nursing home, at home through community-based care services, or through PACE (Program for All-inclusive Care for the Elderly). … Read more »
Medicare, Medicaid, and Medigap are all familiar terms to an Elder Law attorney, even as their similarity can cause confusion to our clients. Here then is a brief explanation of these programs. MEDICARE Medicare began hospital and health insurance coverage in 1965. Insurance is provided to individuals who are 65 years of age (or older),… Read more »
May 2018 marks the 55th anniversary of what is now known as Older Americans Month. When Senior Citizens Month was established in 1963, only 17 million living Americans, or about 9% of the population, had reached their 65th birthday. Today, almost 50 million Americans (15.2% of the population) are age 65 or older. “Engage at… Read more »
You may not be a millionaire, but maybe you have a good amount of money set aside to build a legacy. You want to give to your alma mater or an organization or charity close to your heart, or donate valuable artwork to a museum. You also want assurance it will happen after you’re gone…. Read more »
There will come a time in your life when you realize you should plan for its end. As you grow older, retire, and scale down some of your belongings it might occur to you to draft a will so certain possessions with sentimental or monetary value are bequeathed to the people you designate. While a… Read more »
When you think of the term “estate plan,” do you think, “Who gets my stuff when I’m dead?” Of course this is part of estate planning, but it’s not all of it. This seems obvious, but there might come a time in your life when you’re not dying, yet you’re not able to make your… Read more »
October 19 – NBI day-long presentation on probate in Richmond; Geneva explains intestate succession (what happens when someone dies without a will) and the ethics rules governing attorney conduct in estate administration.
Geneva shares the most common Myths of Estate Planning at the Virginia Peninsula Chamber of Commerce Senior Advocacy Networking Group. The event includes lunch and is free for Chamber members, but registration is required. Visit www.vpcc.org to register and for more information. Change The Crossings – change Aug. 10 to Oct. 26
This presentation for Crossings residents covers the basics of estate planning such as the difference between a will and trust, FAQs, and common misconceptions about planning. Philip Sweat Caring Transitions will also be sharing “the stage” to discuss everything families need to know to successfully organize themselves for all of life’s transitions.