On May 24, 2018, the Economic Growth, Regulatory Relief, and Consumer Protection Act was signed into law. The Act contains a section that was once a stand-alone bill designed to encourage the reporting of elder (age 65 and older) financial abuse witnessed by financial institutions. The Act doesn’t mandate institutions to report financial abuse but […]
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VA released the internal rankings of VA nursing homes nationwide in 2018 as part of an effort to increase transparency within the Department of Veterans Affairs (VA). The 5-star ranking system helps veterans and their families to locate the best facility possible in their area. The posted performance ratings are updated annually and include the […]
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You can relate to being “sandwiched” between the older generation and the younger generation if you care for an aging parent or parents, as well as your own children. You may feel pulled in multiple directions while trying to meet the needs of your family members. According to the Pew Research Center, about a quarter […]
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Since Americans are now living longer than previous generations, our retirement years may be extended as well. Since expenses, taxes, and inflation don’t go away simply because we retire, we need to make sure we have enough money to live comfortably while meeting increasing costs of living. The first step in the process of planning […]
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Long-term care (LTC) for older adults may soon become a crucial part of technologies that use artificial intelligence (AI). The increasing relevance and adoption of AI have sparked debate over whether introducing it to healthcare technologies is ethical. At Camden Law, our elder law attorneys are excited about new opportunities in LTC, but as senior […]
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Having a plan in place for the unexpected means being prepared in the case of an accident, incapacitation, or death. If the COVID-19 pandemic taught us anything, it’s that life is uncertain and that caring for you and those you love is imperative, including legal preparedness. An elder law attorney and estate planning attorney can […]
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It is quite possible that your heirs, including minor and adult children, do not agree regarding family circumstances, particularly when it comes to inheriting your estate. Relationships can change and intensify when you die, with underlying issues that bubble to the surface, creating tensions over your estate and possibly tearing your family apart. Even if […]
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As of May 24, 2018, the Senior Safe Act was signed into law to make it easier for financial institutions and regulators to report cases of potential financial exploitation of senior citizens. Those who are covered by this law include financial institutions, investment advisers, transfer agents, broker-dealers, and their properly trained employees. Any reports of […]
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The first significant retirement legislation changes since 2006 was the Setting Every Community Up for Retirement Enhancement Act (SECURE). The impact of the SECURE Act on some retirees, near-retirees, and their future beneficiaries may significantly affect you, and it’s imperative to schedule a review of your retirement accounts and estate planning documents. Changes in the […]
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A deceased individual’s estate is taxed when assets are transferred to their heirs or beneficiaries. An estate tax is not the same as an inheritance tax. It’s a tax on the total value of a person’s assets at the date of death. The estate pays the tax before any assets are distributed to beneficiaries or […]
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