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CLASS Act Could Change the Way Seniors Pay for Long Term-Care

In early December, the CLASS, or Community Living Assistance Services and Supports Act, survived a vote aimed at removing it from the Senate health reform bill. The House and Senate bills both contain a version of the act.
Although the CLASS Act is buried deep in both bills and has garnered little media attention, its potential [...]

[ More ] December 22nd, 2009 | No Comments | Posted in Elder Law, Estate Planning, Featured |

Creative Ways to Boost Your Social Security Income

Elder law attorney Gene L. Osofsky of the law firm Osofsky and Osofsky suggests putting on “your thinking cap” when it comes to obtaining additional social security income.
Every year, more than $10 billion in Social Security benefits go unclaimed. Asserts attorney Gene L. Osofsky of the law firm Osofsky & Osofsky, “This is primarily because [...]

[ More ] October 25th, 2009 | No Comments | Posted in Elder Law, Estate Planning |

Blended Families Can Prove Challenging to Caregivers

Divorce seldom fails to up the complexity quotient when you add stepparents into the caregiving and estate planning equations, explains Elder law attorney Gene L. Osofsky of the law firm Osofsky & Osofsky.
Attorney Diane Fener, based in Virginia Beach, Virginia, has family duties when she travels to New England to visit her parents. Her mother [...]

[ More ] October 15th, 2009 | No Comments | Posted in Elder Law, Estate Planning |

Kennedy Trusts Seen as an Educational Tool

The recent death of Massachusetts Senator Edward M. “Ted” Kennedy might provoke some insightful thought about the nature of trusts – and how comprehensive and versatile they can be.
Joseph P. Kennedy, the patriarch of the Kennedy Family, left behind a labyrinth of blind trusts to manage the millions he had earned from scratch. He put [...]

[ More ] October 10th, 2009 | No Comments | Posted in Elder Law, Estate Planning |

Despite Estate Tax Uncertainties, Better Not Procrastinate

While Obama might be procrastinating about what to do about the estate tax, you’d better not.
President Barack Obama was supposed to tackle the thorny issue of the estate tax from the get-go, considering that the expiration date was already set for 2010.
Mr. Obama is at heart a cautious man. During his 2008 campaign, he pledged [...]

[ More ] October 4th, 2009 | No Comments | Posted in Elder Law, Estate Planning |

I’m Dad’s Executor. What Do I Do Now?

The death of your parent is bound to be an emotionally confusing time without the additional responsibilities of being named as executor of his or her estate. Elder Law attorney Gene L. Osofsky of the law firm Osofsky & Osofsky has some sound advice and insight for those placed in such a predicament.
Having being named [...]

[ More ] September 28th, 2009 | No Comments | Posted in Elder Law, Estate Planning |

Estate Planning Lingo

It’s never too early to think about estate planning, no matter what anyone may tell you. Make your first call to a qualified estate attorney to make sure your wishes are observed later.
When it comes to estate planning, there is a lot of lingo of which many people aren’t familiar; for instance, power of attorney, [...]

[ More ] September 24th, 2009 | No Comments | Posted in Elder Law, Estate Planning |

Nursing Home Residents Won’t Be Affected by Medi-Cal Budget Cuts

According to Elder Law attorney Gene L. Osofsky, of the law firm Osofsky & Osofsky, the fear factor is high among Californians that many of our Elders in nursing homes may be directly impacted by Medi-Cal budget cuts. While this isn’t true, for Elders not living in nursing homes the story might play out quite [...]

[ More ] September 15th, 2009 | No Comments | Posted in Elder Law, Estate Planning |

Living Will Hyperbole Is Disingenuous to American Elders

In the so-called “town hall” meetings debating the Obama Administration’s controversial health care reform plan, shrill cries of “euthanizing old people” to characterize potentially productive doctor-patient conversations concerning end-of-life issues have distorted the discourse and may cause real harm.
The debate about health care reform, especially as it pertains to end-of-life issues, is becoming increasingly contentious [...]

[ More ] September 10th, 2009 | No Comments | Posted in Elder Law, Estate Planning |

Family Fireworks: When a Last Will and Testament Becomes Contested

Even the most congenial of families can fight like wolverines when a Last Will and Testament is contested. For this to happen, they don’t have to be from Michigan.
A Last Will and Testament is a legal declaration by which a person names one or more people to manage their estate and provides for the transfer [...]

[ More ] September 5th, 2009 | No Comments | Posted in Elder Law, Estate Planning |