Category Archives: COVID 19
What Should I Know, If I Need to Take an Elderly Person to the Doctor?
First, know and understand the rules in the pandemic. AARP’s August 17 article entitled “4 Things to Know When Taking a Loved One to the Doctor During COVID-19” provides four other things to consider as you plan doctors’ appointments. Is there an urgent need for the appointment? A caregiver of a senior may be… Read More »
Senior Home-Sharing a Growing Trend During COVID-19
Senior home-sharing is not a new idea, but it is experiencing a resurgence in popularity among American seniors during the coronavirus pandemic. The danger of COVID-19 infection in nursing homes and other long-term care living facilities, coupled with the isolation seniors have been facing, makes the idea of two, three, or more people 55… Read More »
How Else Can Nursing Homes Be Impacted by COVID-19?
Lack of funding is a big issue for nursing homes. “You layer COVID on top of that and… it’s a crisis on top of a crisis, ” David Grabowski, a professor of health care policy at Harvard Medical School, told Yahoo Finance. “And that you started with a lot of nursing homes that didn’t… Read More »
Coronavirus Makes Estate and Tax Planning an Urgent Task
The Covid-19 pandemic has brought estate planning front and center to many people who would otherwise dismiss it as something they would get to at some point in the future, says the article “Estate and Life Insurance Considerations During the Covid-19 Pandemic” from Bloomberg Tax. Many don’t have a frame of reference to address… Read More »
Are You Making the Most of the SECURE and CARES Acts?
The SECURE Act made a number of changes to IRAs, effective January 1, 2020. It was followed by the CARES Act, effective March 27, 2020, which brought even more changes. A recent article from the Milwaukee Business Journal, titled “IRA planning tips for changes associated with the SECURE and CARES acts, ” explains what… Read More »
Telehealth Replaces Many In-Person Medical Appointments
Through the use of videoconferencing over wireless devices and remote health tech monitoring, telehealth can connect patients to vital health care services. According to the American Hospital Association (AHA), fully 76 percent of US hospitals are using some form of telehealth for their patient groups. During this COVID-19 pandemic, the federal government has freed… Read More »
Requests for Estate Plans Reflect Fears about Coronavirus
Estate planning lawyers have always known that estate planning is not about “if, ” but about “when.” The current health pandemic has given many people a wake-up call. They realize there’s no time to procrastinate, reports the article “Surge on wills: Fearing death by coronavirus, people ask lawyers to write their last wishes” from… Read More »
Massive Changes to RMDs from Stimulus Plan
Several of the provisions that were signed into law in the relief bill can taken advantage of immediately, reports Financial Planning in the article “Major changes in RMDs and retirement contributions in $2T stimulus plan.” Here are some highlights. Extended deadline for 2019 IRA contributions. With the tax return filing date extended to July… Read More »
C19 UPDATE: Should You Bring Mom Home from the Nursing Home Now?
If you have a loved one currently living in a nursing home, you’re probably worried about them right now. You may not be able to visit them or check in on their care. You may be afraid that the next COVID19 outbreak will strike their facility. And … you may be struggling with the… Read More »
Estate Plan Updates in the Age of Coronavirus
With the ever-increasing number of deaths in the U.S. from Covid-19, many people are now doing what estate planning attorneys have advised them to do for years—get their estate plans in order. Many are having phone meetings or videoconferences with estate planning attorneys, says Barron’s in the article “The Coronavirus Has Americans Scrambling to… Read More »