Maureen L. Anderson Elder Law LLC
Elder Law Blog
What are ABLE accounts and when should you use one?
An Achieving a Better Life Experience (ABLE) account lets individuals with disabilities save money without losing Supplemental Security Income (SSI) or Medicaid. Without one, even a few thousand dollars in savings can disqualify you from benefits that cover medical...
New law impacts gifting rules, triggers need to update estate plans
Gifting is an important estate planning tool with tax and Medicaid eligibility consequences. The governing rules evolve and such changes can trigger the need to review and update estate planning strategies. A strategy that worked under one exemption amount, one...
Can family members legally challenge the terms of my living will?
When you sign a living will, you establish your legal authority over your own future medical treatment. The purpose is to protect your personal wishes from being overridden by others, even well-meaning family members. Still, the moment this estate planning tool is...
Long-term care planning: 4 essentials things to consider
Planning for long-term care may seem daunting but it offers security for your future and peace of mind for your family. As we age, our needs often change, requiring assistance with daily activities or specialized medical care. Proactive planning helps you navigate...
Can my parents legally gift assets to avoid Medicaid penalties?
Families often feel anxious about the possibility of their parents' life savings and cherished family home being drained by long-term care costs. You may have heard about gifting property to children or establishing trusts as methods to preserve family wealth while...
Limited or plenary guardianship: Which one do you need?
Are you considering estate planning for yourself or a loved one? One crucial aspect to consider is guardianship. As we age or face health challenges, we may need someone to make decisions on our behalf. In Pennsylvania, there are two types of guardianships: limited...
Creating a Power of Attorney in Pennsylvania
A Power of Attorney (POA) is a crucial legal document and an important part of your estate planning. This document allows you to designate someone to make decisions on your behalf when you are unable to do so. In Pennsylvania, a POA is not just a good idea. It is...
How often should you revise your estate plan?
As most adults know, having an estate plan is one of the most important things they can do to protect their assets and, ultimately, their families. While most people have estate plans, many fail to revise them, which can hurt them because what they include in their...
Understanding the Medicaid lookback period
For seniors in Bucks County, Pennsylvania, planning for long-term care is an essential part of managing their later years. When it comes to qualifying for Medicaid, understanding the lookback period is crucial. Medicaid sets an asset limit for eligibility, and the...
Which trust is best for my legacy? Three options
Estate planning is a critical process for individuals looking to manage their assets and provide for their loved ones after they pass. One of the fundamental tools in estate planning is the creation of a trust. Trusts can offer control, privacy, and sometimes tax...