Hi, I’m Wes Coulson, and this is your Elder Law Minute. Behind my signature, you will see the initials CELA, which stands for Certified Elder Law Attorney. It’s a designation of which I am very proud and I think is of some importance to you. Let me tell you what it took to […]
The Medicaid “Personal Needs Allowance”: An Ongoing Shame
Medicaid was passed into law in 1965, back when Lyndon B. Johnson was President. At age 60, I am old enough to remember LBJ. Many of you who are reading this had not yet been born. The cost of living was a lot less then than it is now. First-class stamps and candy bars both […]
Section 529 College Savings Plans and Medicaid
A “Section 529 plan” is a tax-advantaged savings plan designed to encourage saving for future college costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code. All fifty states and the District of Columbia sponsor at […]
91, 56, 80, 25, 25, 54, 95, 66, 94, 44, 91
You’re probably curious about what the above string of numbers means or refers to. Is it the winning numbers in some new “Pick 11 Mega-Lottery?” Is it a secret code of some sort? You’ll probably be surprised to learn that it is the ages of people whose obituaries appeared in a local newspaper one recent […]
Does your estate plan include your pets?
Many people (including us) think of their pets as members of their family. They are an important part of our lives, and they hold an important place in our hearts. Nonetheless, very few people provide for their pets in their estate plans. Most often, the subject never comes up in discussions with the attorney preparing […]
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