Income is king in elder law. Whether it be retirement living in general, independent living, continuing care retirement living, an in-home care living situation, assisted living, or a skilled nursing living arrangement, income can and does make all the difference. In what respects? Significant (monthly) income causes a preservation of assets generally; facilitates the better implementation of asset preservation strategies and further guarantees their success; eases the stress and financial burden associated with any cost of care situation; reduces anxiety and/or financial obligations for children and other family members; and provides peace of mind. If you are over 65 and concerned about income (current and future levels, production of income, or lack thereof) a consultation with an elder law attorney and accompanying financial and tax professionals (financial advisor and CPA) is warranted and is a good first step to an elder care window on the future.
- Olivia R. Holcombe-Volke Recognized for Pro Bono Estate Planning Work
- Which Estate Planning Process Is Right for You? The Answer Lies Within Your Goals …
- The 2010 Maryland Power of Attorney Act – A Gamechanger
- The Most Important Document in Estate Planning – The Financial Power of Attorney
- The Secure Act and Its Potential Income Tax Effect on Clients’ Estate Planning – Seven Important Opportunities
- The New Elective Share Law, a.k.a. “Augmented Estate Legislation” Has Passed. What Does This Mean to You?
- Why Do Estate Plans Fail and Not Work as Intended? The Answer Lies Below …
- “Your Home, Your Deed, Your Legacy – Ensuring Stability in Baltimore City through Legal Services” co-authored by Olivia Holcombe
- Elville and Associates’ Principal Stephen R. Elville Partners with University of Maryland Autism Research Consortium for Nationwide Webinar Series and Panel Discussion
- The Future of Pro Bono in Maryland