Financial Planning | Law Firm Newswire - Part 12

Palo Alto, CA (Law Firm Newswire) March 28, 2013 – Average life expectancies in the U.S. rose in 2011, according to the National Center for Health Statistics. Women’s life expectancy is now 81.1 years, and men’s expectancy is 76.3. That is a shift from 1975, when women had a life expectancy of 76.6 years and men had an expectancy of 68.8 years. While most people are happy to know they will potentially live longer, their savings may not be prepared. Financial experts are concerned that there is a growing cohort of elderly people without enough money to support their needs. […]


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White Plains, NY (Law Firm Newswire) March 26, 2013 – There has been a renewed call for an examination of the country’s mental health system. Currently, according to a recent government report, there are approximately 7,500 psychiatrists working with mentally ill children and adolescents, but it is estimated that there is a need for closer to 20,000. Meanwhile, families are hard-pressed to get reimbursement from public or private insurers for short-term mental health services that are available. In a study released by the National Institute of Mental Health in 2005, researchers found that as much as 50 percent of chronic […]


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Moorestown, NJ (Law Firm Newswire) March 22, 2013 – Begley Law Group is hosting free seminars throughout the Moorestown area in April to help individuals and their loved ones properly plan for long-term care. The team of New Jersey elder law attorneys is skilled in protecting assets and helping clients utilize government benefits, such as Medicaid and Veteran’s Aid and Attendance. “It is never too early to start strategizing about how to protect your savings and the legacy you want to leave to your family and relatives,” said New Jersey elder law attorney Dana E. Bookbinder. “Long-term care adds up […]


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White Plains, NY (Law Firm Newswire) March 22, 2013 – Elder abuse is being aggressively addressed by one Bronx community center. Elder abuse – physical, financial, or emotional – is widely believed to be an underreported problem, and one that lacks the funds and resources badly needed to combat the issue. Now, one nursing home in New York City is trying to address elder abuse head on. The Hebrew Home at Riverdale and the Pace Women’s Justice Center in the Bronx created the Harry & Jeanette Weinberg Center for Elder Abuse Prevention in 2004. The center trains law enforcement personnel […]


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White Plains, NY (Law Firm Newswire) March 19, 2013 – The Treasury Department is asking that all federal benefit recipients opt-in to receive their benefits electronically. Two years ago, the Treasury Department initiated a “green” campaign, urging people who receive federal benefits such as Social Security, Veterans Affairs, and Social Supplemental income in check form, to accept direct deposit instead. Officials estimated that they were sending out close to 11 million checks per month. The campaign included sending notices along with monthly checks inviting people to use direct deposit and releasing public service announcements and reminders via the AARP, banks, […]


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White Plains, NY (Law Firm Newswire) March 15, 2013 – Estate planning updates are needed in the wake of the fiscal cliff crisis. Now that Congress has moved forward to avoid what has commonly been referred to as the “Fiscal Cliff,” the federal estate tax has been fixed at $5.25 million for 2013 per individual; the tax rate is 40 percent for the amounts that exceed that exemption. When an individual dies with less than $5.25 million (including real estate, other assets and financial holdings such as checking accounts, and life insurance), no federal estate tax will be due. While […]


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Moorestown, NJ (Law Firm Newswire) March 7, 2013 – Many of the clients of Begley Law Group who receive personal injury settlements are receiving SSI and Medicaid. There are limitations on those funds. SSI is an income stream that pays an individual monies intended to be used for food and shelter. For 2013, the maximum federal benefit rate is $710. In New Jersey, there is a state supplement of $31.25. In Pennsylvania, the supplement is $27.40. Medicaid pays for medical and pharmaceutical services for Medicaid recipients. It covers services that private insurance will not provide, including and most importantly, home […]


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White Plains, NY (Law Firm Newswire) February 18, 2013 – New York seniors are getting a prescription price break. According to the AARP, almost 300,000 New York seniors enrolled under the state’s Elderly Pharmaceutical Insurance Coverage (EPIC) program are slated to receive co-payment assistance this year. Co-payment assistance, canceled due to budget constraints, was restored in the state’s budget as of January 1, 2013, though funding past March 31, 2013 has yet to be determined. The AARP New York State Manager of Government Affairs, David McNally, stated that EPIC is one of New York’s most essential programs for seniors, and […]


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Palo Alto, CA (Law Firm Newswire) February 13, 2013 – An elder care study shows a growing demand for elder care services and a growing interest in securing their future care. The study analyzed the elder care market in the U.S., with historical data from 2001, 2006, and 2011, and forecasts for 2016 and 2021. Elder care in a skilled nursing facility made up the largest percentage of elder care service revenue, some 43 percent, in 2011. But elder care advocates predict that community-based and in-home services, such as home health care and assisted living will be the faster growing […]


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Bloomfield Hills, MI (Law Firm Newswire) February 4, 2013 – The National Elder Law Foundation (NELF) is the only legal foundation which has the approval of the American Bar Association to offer elder law certification. Christopher J. Berry, attorney with Witzke Berry Carter & Wander PLLC, of BLoomfield Hills, Michigan, has successfully completed the NELF examination, and has been certified to practice elder law. Elder law is one of the fastest growing legal fields; elder law certification indicates that the attorney worked diligently to establish an in-depth, extensive knowledge of the legal issues that impact the elderly. Born in southeast […]


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Bloomfield Hills, MI (Law Firm Newswire) January 30, 2013 – Certificated elder law attorney Christopher J. Berry (CELA), is speaking with long-term care specialist Nancy I. Boari, CLTC, in a free public event. “New Year’s Resolutions for the Baby Boomer” is a candid talk about the issues surrounding planning for and facing one’s own long-term care on Wednesday, January 30, 2013. The event is hosted by Christopher J. Berry, Esq, a Michigan estate planning lawyer and Michigan elder law attorney, and Nancy I. Boari CLTC, a long-term care specialist. “The start of the new year often motivates people to look […]


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Bloomfield Hills, MI (Law Firm Newswire) January 25, 2013 – According to the National Family Caregivers Association (NFCA), one in five Americans over age 50 is caring for an aging parent or parents. That’s more than 10 million U.S. adults paying for care or overseeing care provided by outside agencies. “While there was a shift in the 1970s and 1980s toward senior living, more people are expressing an interest to stay in their own homes,” says Michigan elder law attorney Christopher J. Berry. “Holding on to personal items and a sense of ‘home’ seem to be the most common reasons […]


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Bloomfield Hills, MI (Law Firm Newswire) January 18, 2013 – Many older individuals would prefer to stay in their own home, even when they need additional support and care. Staying at home can be a viable option for many people, if there is adequate, affordable care and support that can be brought into the home setting. It is important to research the options available, preferably long before the need for care arises. “There are several levels of care that can be offered,” says Christopher J. Berry, Michigan estate planning and elder law attorney. “Look at the options available and then […]


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White Plains, NY (Law Firm Newswire) January 7, 2013 – Littman Krooks LLP continues to enhance their strong reputation in the special education community through new initiatives in 2013. The experienced, fast-growing team of special needs planning and special education attorneys and advocates is now uniquely positioned to better accommodate the needs of their clients. The firm has hired Giulia Frasca, an experienced special education attorney. Ms. Frasca works with children with special needs and their parents to obtain a free and appropriate public education from their school district. She also handles other special needs matters such as guardianships, and […]


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Waxahachie, TX (Law Firm Newswire) December 17, 2012 – According to a 2010 survey by the MetLife Mature Market Institute, the losses due to elder financial abuse are almost $3 billion. A significant amount of that abuse — 35 percent — is attributed to actions by family, neighbors, friends, and even paid caregivers. But, as noted by executive director Sandra Timmermann, of MetLife Mature Market Institute, that is only the number of reported incidences. For every case that is reported, they estimate four or five that never see the light of day. “The number of elder financial abuse cases is […]


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Waxahachie, TX (Law Firm Newswire) November 15, 2012 – A fire in Greenwich, Connecticut that killed a 42-year-old-man and left his mother in critical condition in a hospital burn unit, may have occurred due to hoarding in the home. Dean Verboven and his mother, 69-year-old Barbara Verboven, were contacted in September by the town’s social services, prompted by neighbors’ concerns that the home was unsafe. Mr. Verboven allegedly agreed to declutter the home, but when a social worker visited to check on progress, little had been cleared. According to a neighbor, Dean lived in the home with his mother, who […]


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Moorestown, NJ (Law Firm Newswire) November 9, 2012 – The year 2012 is quickly coming to a close and the New Jersey estate planning attorneys at Begley Law Group, PC, have some suggestions that should be considered before the year’s end. Medicare Advantage There is an open enrollment period permitting Medicare recipients to disenroll from traditional Medicare and enroll in a Medicare Advantage Plan (Medicare Part C) from October 15, 2012 until December 7, 2012. During the open enrollment period, Medicare beneficiaries may choose original Medicare, or they may choose from among many Medicare Advantage programs. Many beneficiaries choose to […]


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Palo Alto, CA (Law Firm Newswire) November 2, 2012 – Upcoming tax changes look to significantly affect many families when it comes to their home equity, life insurance, and 401(k) assets. “With the Bush tax cuts slated to expire on January 1, 2013 if Congress does not act, lifetime gift and estate tax exemptions will drop to $1 million from just over $5 million,” said Palo Alto estate planning lawyer Michael Gilfix. “We are advising our clients that the generation skipping transfer tax exemption will also likely be indexed for inflation at approximately $1.4 million, with top estate tax rate […]


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Moorestown, NJ (Law Firm Newswire) September 14, 2012 – The Begley Law Group is hosting free elder care seminars on Wednesday, September 26 and Thursday, September 27 in the Stone Harbor area. The seminars will cover what individuals and their families can do to keep nursing home costs from wiping out their savings, including how Medicaid or Veteran’s Benefits can pay for these costs. “It is possible to qualify for Medicaid and still protect your legacy,” said New Jersey elder law attorney Thomas D. Begley, Jr. “It is never too late to plan, even if you’re already in a nursing […]


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FairFax, VA (Law Firm Newswire) August 31, 2012 – According to a recent survey, 90 percent of Americans polled will be making significant changes to their savings, investment and estate plans within the next six months plan. The research, conducted by Opinion Research Corp for Edward Jones & Co., L.P., surveyed respondents on how they view the potential financial impact of both domestic and international events. Of the more than 1,000 people surveyed, 39 percent cited the U.S. presidential election as their largest concern, while 30 percent indicated health care as their main issue, and 21 percent were most concerned […]


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