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  • Elder Law Seminar: Wednesday, August 23rd, 2017

Special Needs Fairness Act: What You Need to Know

 

Toward the end of 2016 the Senate approved a new law, the 21st Century Cures Act that had a huge impact on Special Needs Trusts and adults with developmental & physical disabilities. The new law included the Special Needs Trust Fairness Act which states individuals with disabilities can now create their own special needs trust (if they have the correct mental competence).

A special needs trust is used to protect various government benefits like Supplemental Security Income (SSI), Medicaid, and other means-tested benefits while also allowing the recipient to receive their inheritance after a parent or relative passes away.

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Retirement Tips: Should I Purchase Long-Term Care Insurance?

 

When you plan for retirement, the first things that come to mind might be vacations, lounging on a beach, traveling, and enjoying your grandkids. Naturally, focusing on the fun times head may be the first thing on your list, but all seniors should also consider how they will fund their long-term health care.

According to various statistics, 70 percent of American seniors will need some sort of living assistance, which can be costly and break a person’s savings accounts. Unfortunately, long-term care is not covered by Medicare and that gap in the coverage can leave many seniors on the outside looking in when it comes to receiving care.

One way to subsidize that gap is through long-term care insurance. However, coverage can be costly and expensive. Let’s take a closer look and figure out the best options for seniors looking for long-term care coverage.

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Serving Our Community Since 1995

Elder Law Services of California, APLC provides the same strategic planning and legal representative of larger firms, yet in a personalized, family-like manner. Our priority is to provide the highest level of legal services and client satisfaction when representing your Medi-Cal Planning, Estate Planning, Trust Administration, or Probate cases. Above all, we understand the importance of you and your family’s financial future and legal security.

Our team of Attorneys and legal support staff have assisted thousands of different families by giving them the freedom to plan for the security of their future, while also providing peace of mind with our experienced legal advice. As our name, Elder Law Services of California, APLC serves all families in California, with convenient locations throughout Los Angeles, as well as locations in Northern California, and San Diego.

Whether you need to qualify for Medi-Cal, pay for long-term care, create an estate plan and powers of attorney, proceed a conservatorship, protect your assets, or deal with the loss of a loved one, our team is there for you every step of the way. Sadly, many families are unprepared for any significant planning for their future, so take the first step today to protect your family’s integrity.

Elder Law Services  of California, APLC.
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      Torrance, CA. 90503 USA

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