Earlier this morning, we released our March 2021 e-newsletter from R. F. Meyer & Associates. If you did not receive a copy by email, you can click on the link below to open it in PDF form.
In this month’s edition, articles cover:
- Some changes in tax rules regarding estate inheritance may be in the works under the new Biden administration, according to a recent article in the New York Times. If the current “basis step-up rule” is eliminated, creating a trust for your real estate may become essential in your estate planning.
- With the third round of Coronavirus pandemic relief checks on the way to Americans, nursing home residents and their loved ones need to know a few things. First, nursing home residents are not required to turn their checks over to their nursing home. But if Medicaid is paying for the nursing home care, recipients need to spend the stimulus payments within a year if they put them over Medicaid’s resource limit.
- The Veterans Administration (VA) has an underused pension benefit called Aid and Attendance that provides money to those who need assistance performing everyday tasks – whether still at home or in nursing home care. Even veterans whose income is above the legal limit for a VA pension may qualify for the Aid and Attendance benefit.
- Four programs are available to help Medicare recipients who can’t afford a Medigap policy and struggle to pay the Medicare premiums and deductibles, even if they don’t qualify for Medicaid.
We hope the March articles provide you with useful information. Please don’t hesitate to contact the law offices of R. F. Meyer & Associates if you need help navigating the legalities of any of these situations. We are here when you need us!
Richard F. Meyer
Reach the Elder Law, Estate Planning and Probate Law experts at R. F. Meyer & Associates by calling 614-407-7900, by sending an email to Info@ElderLaw.US, or by filling out the contact form at ElderLaw.US/Contact.