Our Blog
Welcome to the blog of R. F. Meyer & Associates, where we share company news and informative articles related to our Elder Law, Probate and Estate Planning legal practice.
Family Caregivers Month: Resources for grandparent caregivers
November marks National Family Caregivers Month. Today, roughly 3 million children in America reside with grandparents who have committed to being their primary caregivers, according to Pew Research Center estimates. Grandparents may step in when the child’s parents...
Big 401(k) boost: IRS increases amount you can save for retirement in ’23
By Jeanne Sahadi, CNN Business The IRS recently announced a record increase in contribution limits to 401(k) and other tax-deferred retirement plans for 2023. Starting next year, you will be allowed to contribute up to $22,500 into your 401(k), 403(b), most 457 plans...
November 2022 newsletter covers retirement saving, ‘grandfamilies’ and insomnia
Dear Clients and Referral Partners, This afternoon, we issued our November 2022 client e-newsletter. If you did not receive it by email, please see the below link to open it from our website. As our bodies adjust back to Standard Time and we look ahead to...
Surveys: Most Boomers’ adult children can’t help support parents
A recent survey by the American Advisors Group (AAG) finds that 55 percent of adult children say they are not financially prepared to help their Baby Boomer parents cope with rising inflation and living expenses. “Americans want to see their parents age with grace and...
Can a nursing home hold friends, family responsible for resident care?
If your loved one is entering a nursing home, you may worry whether you could be liable for their care. Under federal law, a facility cannot require a family member or friend to co-sign an admission agreement and take on personal liability. However, nursing homes...
How much long-term care insurance should you buy?
Long-term care insurance helps you prepare for financial costs associated with aging, such as nursing home care, assisted living, or in-home care. Yet long-term care insurance policies vary widely in terms of the amount of coverage and how long the protection lasts....
October 2022 newsletter addresses care plans, finances in later life
Earlier today, we released our October 2022 newsletter. If you did not receive it by email, please see the below link to open it from our website. Again this month we present three articles, and all three should be of interest to our Elder Care and Estate Planning...
‘The forgotten middle’: More seniors face housing, care crisis
Seniors who have an income above the Medicaid threshold but lack a high enough income to have substantial personal savings are considered “The Forgotten Middle.” These are elders who are more likely to struggle to afford long-term care that may become necessary as...
Miller Trusts can help you qualify for Medicaid
Many seniors find themselves in need of Medicaid to pay for their long-term care but are surprised to learn that their modest monthly income may disqualify them. The reason for this is that Medicaid is a “means-tested” benefit. In other words, you must not have income...