Is a Personal Injury Settlement Taxed?
Approximately 95 percent of personal injury cases settle before trial. For those cases that result in a trial, more than 90 percent end with an injured person or surviving family winning the [...]
Supplemental vs. Special Needs Trusts: Any Difference?
You may have heard the terms "special" needs trust and "supplemental" needs trust and wondered what the difference is. The short answer is that there's no difference. Here's the long answer.
Will a Special Needs Trust Impact Your Section 8 Voucher?
Many low-income people with disabilities use special needs trusts to remain eligible for public assistance. While you can qualify for the Section 8 [...]
Preventing Guardianship Abuse of People With Disabilities
For a variety of reasons, people with special needs are more likely to suffer physical, mental and financial abuse than are others. Here are some ways to prevent and recognize abuse.
Senators Propose Boosting Seniors’ Social Security Benefits
In late March 2024, U.S. Sen. Bob Casey (D-PA) introduced the Boosting Benefits and COLAs for Seniors Act. The Act centers on changing the formula that the SSA uses to calculate Social [...]
Could Medicaid Payback Rules Come to an End?
As of late 2023, the median monthly cost of a semi-private room in a nursing home in the U.S. was close to $9,000. The vast majority of people cannot afford to pay [...]
States With the Highest and Lowest Assisted Living Costs
Seniors seeking information on assisted living options may find recent data from the Seniorly Resource Center useful. Its new 2024 report sheds light on [...]
Avoiding Property Tax Foreclosures for Older Adults
If you are a homeowner who is falling behind on your real estate taxes, you may end up facing foreclosure on your property. Because your property taxes hinge on the value of your [...]
Understanding Medicaid: What Does Medicaid Cover?
Though Medicaid exists to help those who need it, navigating the specifics of what it covers and does not cover can be daunting. Here are highlights on the basics of Medicaid [...]