Finances
Last week’s Hurley Elder Care Law blog touched on the importance of tracking and sharing important information when you or a loved one is dealing with a chronic healthcare condition, a serious medical diagnosis, or a decline in functional capacity. As we navigate this rapidly evolving digital landscape, it’s crucial to consider who will have…
Read More
As tax season approaches, caregivers of loved ones residing in assisted living facilities often find themselves grappling with questions about deductibility. The IRS does indeed provide guidelines for deducting certain qualified long-term care costs as medical expenses. However, when it comes to the status of Assisted Living Facility (ALF) costs, clarity has been somewhat lacking.…
Read More
Last week the Biden administration unveiled a list of the first 10 medicines that will be part of price negotiations with Medicare. The negotiations were included in the 2022 Inflation Reduction Act. This negotiation program is being fought by pharmaceutical companies but should be a ‘win’ for seniors and Medicare. Lowering perscription drug prices for…
Read More
Last week we explained what a Georgia Advance Directive for Healthcare is and why you should have one. To create a comprehensive estate plan, you need several documents. To be fully protected and have your financial wishes followed, you should also have a Durable Financial Power of Attorney. One major component of a complete estate…
Read More
Happy New Year! After another tumultuous year of supply chain disruptions, high inflation and grocery prices, retirees will welcome some financial relief with an increase in their social security checks. Social Security Check Increase Social Security beneficiaries will receive an incredible 8.7 percent increase in their monthly checks in 2023. This is the largest cost…
Read More
Lose the weight, exercise more…typical New Year’s resolutions. In 2023, why not make a resolution that’s simple to keep? Create a proper estate plan for you and your loved ones. Hurley Elder Care Law can assist you in making a customized estate plan that meets your family’s needs. Don’t Procrastinate! Although estate planning may be…
Read More
The Medicare Fall Open Enrollment 2023 season is here and that means your mailbox is probably getting bombarded with advertisements…it is truly a confusing time of year for most Medicare beneficiaries! Let us help you understand what happens during Medicare open enrollment. What is Medicare Open Enrollment? Each year, the benefits and premiums on your…
Read More
Do you plan to add your adult child (or children) to your bank accounts as you age? This can be convenient but may cause issues and create complications within families during your lifetime and after your pass. Why Adding Your Adult Child or Children to Your Accounts Can Be Helpful Susie a 78-year-old widow,…
Read More
“No,” “Denied,” “We can’t accept that,” … These are all words our client families hear daily when presenting a General Durable Power of Attorney for Financial Matters (POA) at a financial institution. To protect an account holder’s assets, many banks will refuse to accept a power of attorney. They fear fraud and exploitation, so they…
Read More
‘Tis the season! Unfortunately, it is hard to be jolly when you are concerned for your aging loved ones. Many adult children have not seen their parents in months due to the ongoing pandemic. In addition, work and family obligations paired with substantial distance makes it difficult for all of us to get together as…
Read MoreSubscribe to our blog and monthly newsletter.
