IRS Cost of Living 2015 IRS Cost-of-Living Limitations 2014 2015 Deferral Limit for 401(k), 403(b), Salary Reduction SEPs $17,500.00 $18,000.00 SIMPLE Plan Deferral Limit $12,000.00 $12,500.00 Catch-up Limit 401(k), 403(b) (Ages 50+) $5,500.00 $6,000.00 Catch-up Limit SIMPLE Plan (Ages 50+) $2,500.00 $3,000.00 415 Dollar Limit for Defined Contribution Plans $52,000.00 $53,000.00 415 Dollar Limit for […]
Social Security Benefits to Inch Up 1.7 Percent in 2015
November 14, 2014 by Leave a Comment
The nation’s elderly and disabled Social Security recipients will receive a 1.7 percent increase in payments in 2015. This is expected to raise the average monthly payment for the typical retired worker by $22. The increase is slightly higher than last year’s 1.5 percent cost-of-living adjustment (COLA). The same COLA will apply to pensions for […]
Elder Law Attorneys Specialize in Helping the Elderly
November 13, 2014 by Leave a Comment
Many elderly persons rely entirely on their children, family members or other individuals to help them. This dependence upon caregivers or family members makes an older person more vulnerable to abuse and financial exploitation. Legal arrangements and protective actions by family may be necessary to shield loved ones from making bad decisions or from being […]
Elder Law – Questions and Answers
November 1, 2014 by Leave a Comment
An elder law practice encounters various legal and social issues related to aging and disability. We are often called upon to address, among other things, nursing home care and contracts, legal capacity, elder abuse, special needs planning, VA benefits and planning, Medicare and Medical Assistance and advocacy, estate planning and administration, trusts and trust administration, […]
What is an Elder Law Attorney in Pennsylvania?
August 22, 2013 by Leave a Comment
As the name suggests, an elder law attorney in Pennsylvania focuses on the needs of elderly individuals. While this may sound simple, as you dive into the finer details you will find that nothing could be further from the truth. Most elder law attorneys advise clients regarding a variety of areas, including but not limited […]
Elder Law Survival Kit – Part 1
May 22, 2013 by Leave a Comment
With so many television shows devoted to survival and doomsday preparation, I thought it appropriate to discuss what families should do to prepare for a long term care event. Given that one out of two people will either receive nursing home level care at home or in a facility, this kit may actually be worth […]
Hospice Care and discussions about care – Some very surprising facts.
May 15, 2013 by Leave a Comment
Many of our clients tend to think of hospice as a death sentence for their sick family members. Some look at it as the medical professionals “giving up” on treatment. Neither of these things is actually true. In reality, hospice care is not about giving up or giving in, it is about giving someone a better quality of […]
It’s a Beautiful Thing?
May 1, 2013 by Leave a Comment
It’s a Beautiful Thing? We recently accompanied an elderly client and her family through assisted living, nursing and then hospice care. When I first met Mary (not the real name of our 80-something client), I thought her an attractive and vibrant woman, full of fun and just a bit of flirtatiousness. I liked her when I met […]
BCWJ Article on Defining “Elder Law”
December 27, 2012 by Leave a Comment
Elder law is an emerging and growing legal specialty that roughly refers to working with people who are entering the long term care system – usually a nursing home. The Truth About “Elder Law” Elder law is an emerging and growing legal specialty that roughly refers to working with people who are entering the long […]
