Hickman & Lowder Weblog

ABLE Act: Dream Come True, or Wake-up Call? Maybe Both.

Thursday, 04 September 2014 10:38

moneyAny day now, and likely come New Year’s Day 2015, there’s a good chance that individuals with special needs (and people who care about them) will be able to set up an ABLE Account (stands for Achieving a Better Life Experience). We’ve been following the bills (S. 313 and H.R. 647 as amended on 7/31/14) and their unusually promising path (bipartisan and bicameral, by Jove) toward becoming an actual law when Congress reconvenes this fall. When all is said and done, the upshot is likely to be essentially a tax-favored, 529-type plan for the child whose disabilities manifest before age 26. To be used for education, housing, transportation, and the like. In light of its Medicaid-payback-at-death provision, the ABLE Account won’t be a countable resource for purposes of needs-based benefits like Medicaid and SSI (no matter how large it swells over time for Medicaid, but with a $100,000 maximum for SSI). No fancy lawyers, no special “trusts,” no sticker-shock. Too good to be true? Maybe.

AddThis Social Bookmark Button

Read more: ABLE Act: Dream Come True, or Wake-up Call? Maybe Both.

Sonja's Suggestions: Enjoy the Last Days of Summer

Friday, 29 August 2014 09:12

Sonjas SuggestionsWhere did the summer go?! August has come and gone in a blink of an eye.   Most of my conversations with our clients and visitors have been centered on the fact that Old Man Winter is looming around the corner – a thought that many of us find disconcerting. Didn’t we just put away our boots and shovels? Well, until it’s time to dig them out again, I think we need to enjoy what we have left of the summer. We still have plenty of nice, warm days ahead, so here are my suggestions for making the most of them:

AddThis Social Bookmark Button

Read more: Sonja's Suggestions: Enjoy the Last Days of Summer

My Community Meal

Thursday, 31 July 2014 09:25

seniors lunchHave you or an elder loved one thought about participating in a community meal program? Are you nervous about attending for the first time by yourself? Do you have some doubts about the food quality? I had the opportunity to participate in the hot lunch program at the North Olmsted Senior Center this week and, if you have ever had these concerns, I thought you might benefit from learning about my experience.

AddThis Social Bookmark Button

Read more: My Community Meal

Sonja's Suggestions: Planning for Your Pets

Thursday, 31 July 2014 09:03

Sonjas SuggestionsPets are a big part of people's lives and are typically considered members of the family. I have had many conversations with both friends and clients about what will happen to the family pet after the owner is no longer able to care for them or passes away. It is a heartbreaking conversation. Who will take care of poor little "Fido?"

As an animal lover, I take this to heart. Our little companions need to be considered, so here are a few suggestions:

AddThis Social Bookmark Button

Read more: Sonja's Suggestions: Planning for Your Pets

More Articles...

Page 1 of 2

<< Start < Prev 1 2 Next > End >>

Newest Articles

Your Attorneys

* Certified in Elder Law by the National Elder Law Foundation

Professional Affiliations