March 2020

How Does Medicaid Treat Income?

The basic Medicaid rule for nursing home residents is that they must pay all of their income, minus certain deductions, to the nursing home. The deductions include a $60-a-month personal needs allowance (this amount may be somewhat higher or lower in your state), a deduction for any uncovered medical costs (including medical insurance premiums), and,

How Secure Is Social Security?

For years people have been worried about Social Security’s future, but what is the actual outlook? According to the federal government, unless Congress acts to intervene, Social Security shortfalls are expected beginning in 2035. Social Security retirement benefits are financed primarily through dedicated payroll taxes paid by workers and their employers, with employees and employers

Estate Planning For Parents Of Special Needs Children

By Stanley Vasiliadis, Esq., Certified Elder Law Attorney Parents of a developmentally-disabled or otherwise incapacitated child bear a life-long burden of care.  In fact, after their child turns 18, it gets harder.  As an adult, the child is not permitted to continue participating in many programs that were available during school-age years. And adults with