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Elder Law

Elder Law Answers

Legal and Financial issues effecting elders edited by Boston-based eldercare attorney.
By Harry S. Margolis

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Last Entry: March 04, 2008 at 09:50:03

Will You Receive a Negative Inheritance?

Posted on March 04, 2008
A recent column in the Conde Nast's Portfolio.com explored what economist call "negative inheritance." People who don't prepare to care for sick and aging parents could fall victim to such "negative inheritance." The term (which was likely first used in...

Study Suggests Medicaid-Sponsored Home Care

Posted on March 02, 2008
A recently released study of Medicaid-financed nursing home use over 18 months in 2001 and 2002 finds that in states such as Oregon that have extensive community based long-term care services, Medicaid-covered nursing home stays were shorter than the national...

Why Do Men Shortchange Their Wives' Social Security Benefits?

Posted on December 04, 2007
According to a recent study released by the Center for Retirement Research at Boston College (http://crr.bc.edu), most men begin drawing on their Social Security retirement benefits at age 62 or 63, rather than waiting until their full retirement age or...

Take Full Advantage of 529 Plans

Posted on October 23, 2007
Congress has given you a terrific way to save for college. Don't let it slip by. So-called "529" plans are investment vehicles which permit money you set aside for a child or grandchild's education to grow tax free. If the...

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Guess What? The Elderly Are Not Bankrupting the Health Care System

Posted on October 02, 2007
According to a recently released study by the International Longevity Center-USA, Myths of the High Medical Cost of Old Age and Dying, it's not true that the aging of Americans and over aggressive care at the end of life are...

Leona Helmsley's Will: What Legacy Will You Leave?

Posted on September 11, 2007
By all accounts, Leona Helmsley was not a nice woman in life. In death, her mean spirit survives. Helmsley, who served 19 months in prison for tax evasion, was reported to have said, ''Only the little people pay taxes.'' With...

Journal Article Highlights Need for SNTs

Posted on July 24, 2007
An article on the first page of The Wall Street Journal July 19, 2007, "Note to Medicaid Patients: The Doctor Won't See You" highlights the need for families to leave funds in trust for children and other relatives with special...

Make Your Durable Power of Attorney Work

Posted on July 10, 2007
An essential part of any estate plan is the durable power of attorney, through which you appoint someone else to handle your financial and legal issues in the event you are unable to do so because of illness, disability or...

GAO Says Few Asset Transfers Occurring. Are They Right?

Posted on May 20, 2007
In a recently-published report, Medicaid Long-Term Care: Few Transferred Assets before Applying for Nursing Home Coverage; Impact of Deficit Reduction Act on Eligibility Is Uncertain, the Government Accounting Office finds that few seniors are transferring assets in advance of entering...

US Disrespects UN Convention on Rights of Persons with Disabilities

Posted on April 10, 2007
My friend and colleague, Louis Pierro, forwarded a blog posting from John A. Lancaster, the Executive Director of the National Council on Independent Living about his appearance at the initial signing of the UN Convention of Persons with Disabilities on...

Long-Term Care Insurance Companies Criticized for Denying Claims

Posted on March 27, 2007
An article in the March 27, 2007, issue of The New York Times describes the practice of some insurance companies setting up bureaucratic barriers to the filing of claims for coverage in order to save money. The article focused on...

Can We Stop Aging? Unlikely!

Posted on March 13, 2007
The eternally young baby boomers are now solidly in middle age, and some will soon be eligible for Social Security. Among the consequences is the marketing of many elixirs to keep us young, or at least appearing young. Whether it's...

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