Adult Children Cannot Support Boomer Parents Survey A recent survey by the American Advisors Group (AAG) finds that 55 percent of adult children say they are not financially prepared to help their Baby Boomer parents cope with rising inflation and living expenses. “Americans want to see their parents age with grace and dignity and have…
Haven’t Filed Your Tax Return? Estate Planning Attorney Joseph Hudack says that about 19 million individuals requested an extension – until October 17, 2022 – for filing their 2021 taxes with the Internal Revenue Service (IRS). If you’re among them, there is no need to hold off until mid-October to file. Filing sooner rather than…
Unsafe Portable Bed Rails, National Safety Commission Warns Estate Planning Attorney Joseph Hudack says that earlier this month warns people against using a series of adult portable bed rails models after at least three people — including one in a nursing home and another in an assisted living facility — were entangled in them and…
Nursing Home as a Medicaid Recipient Estate Planning Attorney Joseph Hudack says that while Medicaid helps pay for nursing home care, getting into a nursing home as a Medicaid recipient is not always easy. There are several ways to navigate the process, depending on your situation. With the median cost of a nursing home room…
State Medicaid Programs Can Recoup a Larger Share of Injury Settlements Estate Planning Attorney Joseph Hudack knows that if you are injured due to another person’s negligence and receive Medicaid benefits to pay for care, the state has a legal right to recover the funds it spends on your care from a personal injury settlement…
Medicare Enrollment Period Extended Estate Planning Attorney Joseph Hudack knows that Medicare is part of the Social Security Administration (SSA), so if you need to enroll in Medicare, that’s whom you contact. But in recent months, phone lines at the SSA have been experiencing major technical issues, preventing some individuals from being able to reach…
Nursing Home Staffing Shortages Estate Planning Attorney Joseph Hudack says that In Tennessee, the COVID-19 pandemic has caused nursing home staffing shortages across the United States, even forcing some nursing homes to close, but some states have been hit harder than others. A new analysis looks at which states are confronting the worst staffing problems.…
Medicare Advantage Plans – Study Finds In an alarming number of instances, private Medicare Advantage plans are denying coverage for medical services that would be covered under original Medicare, according to a federal investigation. These denials are likely preventing or delaying medically necessary care for tens of thousands of Medicare Advantage beneficiaries each year. The…
What is a Trust Administration? Estate Planning Attorney Joseph Hudack knows that when a loved one passes away and leaves behind a trust, the process of trust administration must be followed. Many lawyers make trust administration sound straightforward when their client signs the trust document without fully describing what will need to happen upon their…
Estate Planning Attorney And Probate Estate Planning Attorney Joseph Hudack says that it’s crucial to understand whether a probate is required once someone passes away. It can take a long time for the probate process to be completed. The longer it takes to settle and distribute the assets, the more complicated or contentious the estate…