People often ask me about becoming a Guardian for family member, and about Guardianship in comparison to Power of Attorney. Becoming a Guardian means being officially appointed by the court following proceedings before a Judge. In asking to be appointed as a Guardian,...
Firm News
Don’t Give All Your Money To The Nursing Home!
People think that if you’re headed toward expensive long-term care such as in a nursing home or assisted living, that there's nothing you can do to protect yourself financially, and you're just going to lose everything you ever worked and saved for. That's absolutely...
Will My Estate Be Affected By the SECURE Act?
In May of 2019, The U.S. House of Representatives passed a bill called the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The bill will now go to the Senate where it will be further debated. If the bill does eventually become law, it would have...
WASHINGTON STATE ENACTS UNIVERSAL LONG-TERM CARE COVERAGE
Our system of paying for long-term care services is badly broken. Medicare does not pay for long-term care in assisted living or in a nursing home, which many people don't realize till it’s too late. Private long-term care insurance is purchased by fewer than one in...
Congress is changing the rules for IRAs
In May, the House of Representatives approved the “Secure Act”, a bill intended to “reform” 401(k) and IRA rules. The Senate is now considering its version of these reforms. This legislation, if enacted into law, will change the way IRA and other retirement plan...
Case Study: An Elder Law / Asset Protection Success Story
Jerry and Lisa needed help to deal with Jerry's advancing dementia and increasing cost of care. They were terrified they would lose everything. I was able to help them make sure that Jerry (and both of them) would get the care they needed and still save a ton of money...
Elder Law – Asset Protection Case Study
Michael H. Marks is an elder law attorney practicing at Marks Elder Law with offices in Squirrel Hill and Monroeville. Send questions to [email protected] or visit www.marks-law.com. Jerry and Lisa needed help to deal with Jerry's advancing dementia and increasing...
Avoiding Elder Law Potholes
HAVE YOU EVER FALLEN INTO A PITTSBURGH POTHOLE? Some common legal problems that hurt seniors can be avoided. These tips may help you to make good choices and prevent an unexpected bad result. Here are some important “do’s and don’ts” to keep in mind. (This information...
Using Trusts to Help and Protect You and Your Family
Estate planning is so much more than addressing transfer taxes. A key to effective wealth management and family wealth transfer is recognizing the risks that threaten you and your family's wealth and developing strategies to minimize them. In this article PNC Center...
Not the “Register of Wills” Anymore!
Some areas of law change faster than others. Imagine the pace of change in laws regarding technology, the Internet, and the like! Although laws concerning Wills, Estates, Executors, Administrators and estate administration may change more slowly, there are changes...