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Expanded Access to SSI: What Maine Residents Need to Know
The Social Security Administration (SSA) recently announced a significant update to the Supplemental Security Income (SSI) program that will benefit many individuals in Maine. This update, effective September 30, 2024, broadens the definition of a public assistance household, making it easier for more people to qualify for SSI and potentially increase the payments for current…
Enactment of the Special Needs Trust Fairness Act
On Tuesday December 13, 2016, President Obama signed the 21st Century Cures Act. Several pieces of the legislation focus on medical breakthroughs. It also includes the Special Needs Trust Fairness Act. Elder law attorneys across the country have been advocating in support of the Fairness Act for years. The passage of the Fairness Act means…
Gift, Estate, and Generation-Skipping Transfer Tax Update: Estate Planning in 2022 and Beyond
The proposals in early versions of the Build Back Better Act had estate planners and American taxpayers on edge throughout 2021. While 2022 is well under way with no major legislative activity impacting gift and estate taxation, the sun continues to set on the $10 million estate tax basic exclusion amount under the temporary provisions…
What Is Long Term Care
What is Long Term Care? And Why Should We Plan For It? What is Long Term Care? Long term care happens in that phase of life when a person can no longer manage his day-to-day activities without someone else’s assistance; that “helper” is often referred to as a caregiver.The caregiver’s services might take…