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IRA Distributions to Third-Party Special Needs Trusts: Avoiding the ‘Five-Year Rule’

For many parents, the majority of their savings is held in some kind of a retirement account, often an Individual Retirement Account (IRA). At age 70 ½, an IRA account holder faces the Required Beginning Date, when he or she must … [Read more...]

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Aging is Not a Disease

It is natural that health care providers such as doctors, pharmacists and nurses will have the same attitude towards aging as other Americans. Without proper geriatric care training, these people can fall into the same trap of … [Read more...]

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Life Estate Law Changing Soon

See update on this article here.In Virginia, a life estate in real estate has always been treated as an exempt asset for the purposes of Medicaid eligibility. Unfortunately, the Virginia General Assembly recently passed … [Read more...]

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Care Management for Your Child With Special Needs

When establishing a special needs trust (SNT) for your child, it's important to consider how much care the child may need in the future and who will oversee any arrangements related to that care. In many cases, either a family … [Read more...]

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Don’t Use An Off-the-Shelf Power of Attorney

A durable Power of Attorney is one of the most important estate planning documents you can have, because it allows you to appoint someone to act for you (your "Agent" or "Attorney-in-fact") if you become incapacitated. Without a … [Read more...]

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Choosing a Guardian for Your Special Needs Child

One of the most important decisions parents must make when preparing their estate plan is the choice of a guardian for their child should they be the ones to die first. The choice of guardian can be especially difficult for the … [Read more...]

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Federal Nursing Home Site Now Notes Troubled Facilities

The federal Centers for Medicare & Medicaid Services (CMS) announced recently that its Web site comparing nursing homes will now identify listed facilities that have a history of poor performance.From now on, the CMS Nursing … [Read more...]

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