Planning for Life

What Would the House Tax Bill Mean for Seniors?

Posted by Harry S. Margolis on November 7, 2017

By Harry S. Margolis

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Perhaps we shouldn't be concerned with the House Republicans' proposed tax bill. With no Democratic support, a slim Republican majority in both houses, and a somewhat more moderate Republican majority in the Senate, it is unlikely to become law in its current form, if at all. On the other hand, the Republicans need a victory and will do everything they can to pass the law in something close to its current form.

So, what does it mean for seniors and people with disabilities? The two largest impacts would probably result from the projected loss of tax revenue and the elimination of the medical expense deduction.

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Topics: Medicare, income taxes, seniors, Medicaid

Demented Patient Liable for Injuries He Causes

Posted by Harry S. Margolis on November 15, 2016

By Harry S. Margolis

In Mary Ellen Gioia v. Richard D. and Ann L. Ratner, the Essex County superior court in Massachusetts refuses to dismiss a lawsuit brought by a registered nurse who claims she was injured by a patient in her care. She brought the suit against the patient, Richard Ratner, and his wife and health care agent, Ann Ratner. Judge Diane M. Kottmyer rules that the suit against Mr. Ratner can move forward but dismisses the claim against his wife.

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Topics: caregiving, dementia, incapacity, seniors, deficit, hospital care, elder law

Exciting New Proposal to Help With Housing for Elderly and Disabled in Massachusetts

Posted by Elizabeth Stepakoff on January 25, 2016

By Karen B. Mariscal

Given the cost of living in Massachusetts, we need to think creatively about how to make sure the elderly and disabled can afford to stay in their home communities, close to their families.  Encouragingly, a bill has been introduced in the State House to create the Disabled and Elderly Accessory Apartment Loan Program, which would allow a homeowner to take out a low-cost loan from the state to create an accessory apartment of up to two bedrooms, provided a person with a disability or a senior citizen residesin the new unit or in the original part of the home.

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Topics: seniors, housing policy ,, disability

When Should You Call In an Elder Mediator? -- Massachusetts

Posted by Harry S. Margolis on October 29, 2013

By Harry S. Margolis

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Topics: long-term care planning, seniors

Weisman Warns Seniors (and the Rest of Us) About Scams - Massachusetts

Posted by Harry S. Margolis on March 10, 2013

By Harry S. Margolis

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Topics: seniors, identity theft, asset protection, Estate Planning

5 Guidelines for Caring for the Caregiver - Massachusetts

Posted by Harry S. Margolis on July 10, 2012

By Harry S. Margolis

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Topics: long-term care planning, caregiving, dementia, seniors

6 Tips for Helping Parents with Finances - Massachusetts

Posted by Harry S. Margolis on March 20, 2012

By Harry S. Margolis

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Topics: guardianship, seniors, Estate Planning

Do You Live in a NORC?

Posted by Harry S. Margolis on October 3, 2011

By Harry S. Margolis

I recently met with a new client who commented that she lives in a NORC.

"A what?" I asked.iStock-474949592.jpg

"A Naturally Occurring Retirement Community," she responded.

She explained that she and her neighbors in the apartment complex where she lives are all getting older.  Without a lot of people moving in and out, the facility is taking on the demographics of a retirement community.

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Topics: long-term care planning, nursing homes, seniors, Retirement Planning

Modern Marriage for Seniors and Soon-to-be-Seniors (Baby Boomers)

Posted by Harry S. Margolis on February 9, 2011

boomer weddingBy Harry S. Margolis

My client’s wife, a retired attorney and business owner, unfortunately suffers from Alzheimer’s disease. He visits her almost every day in the special assisted living dementia unit where she lives.

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Topics: MassHealth planning, baby boomers, dementia, seniors, Estate Planning, divorce

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