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Getting Medicare Food Benefits

Lavelle & Finn


As people age, accessing healthy meals can become more challenging. According to Feeding America, one in five older adults was food-insecure in 2020. Some older adults struggle with affording healthy foods, whereas others have difficulty going to the grocery store and preparing meals when recovering from an illness or injury. Although original Medicare does not offer […]

After a Dementia Diagnosis: Preparing for the Future

Lavelle & Finn


A diagnosis of dementia, a category of diseases affecting memory and thinking that includes Alzheimer’s disease, can feel overwhelming and upsetting. You might worry that you will lose control over your life and ability to make your own decisions. Fortunately, receiving a diagnosis of dementia or Alzheimer’s does not mean that you cannot execute legal […]

Will Medicare Pay for Housekeeping Services?

Lavelle & Finn


Medicare is federal health insurance for people over 65, some younger people with disabilities, and those with end-stage renal disease. Coverage of housekeeping services under Medicare can depend on several factors. Coverage Under Original Medicare? Medicare is comprised of Part A and Part B coverage. It is often referred to as “original Medicare.” Part A is […]

Pros and Cons of a Medicaid Asset Protection Trust

Lavelle & Finn


A Medicaid Asset Protection Trust (MAPT) is one option a person may consider to protect their assets from Medicaid and nursing homes or long-term care. A MAPT is an irrevocable trust created during your lifetime. The primary goal of a MAPT is to transfer assets to it so that Medicaid will not count these assets […]

Alternatives to Traditional Funeral Arrangements

Lavelle & Finn


After losing a loved one, consider the best way to honor them and their life. Sometimes, a traditional funeral is not the best fit. Today, there are many alternatives to a traditional funeral service and burial. If you are seeking to lay your loved one to rest in a nontraditional way, the following are some […]

What Not to Include in Your Will

Lavelle & Finn


If you are considering preparing a will, this is a great first step in planning for the future. After reflecting on the basics, such as whom you want to be in charge of administering your wishes, you may wonder if there’s anything you shouldn’t include in your will. The answer is yes. There are some […]

Utilizing a 1031 Exchange to Avoid Capital Gains Taxes

Lavelle & Finn


If you are planning to leave an investment property to loved ones, a 1031 exchange may be a helpful estate planning tool for you. Because these exchanges allow you to defer taxes or limit taxes owed at the time of a sale, you can use the money that would have been spent on taxes to […]

5 Smart Estate Planning Strategies for High-Net-Worth Families

Lavelle & Finn


If you are a high-net-worth individual, it’s essential to have a comprehensive estate plan in place. However, every family’s circumstances are unique, and there is no one-size-fits-all solution for estate planning. Below are five estate planning strategies that may be right for you: 1. Make Sure You Have An Estate Plan For higher-net-worth individuals or […]

Comparing Traditional Medicare and Medicare Advantage

Lavelle & Finn


Recent research by the Kaiser Family Foundation examined the differences between traditional Medicare and Medicare Advantage. While people in either program were similarly satisfied with their care and overall care coordination, some distinctions became apparent. Traditional Medicare’s Strengths Traditional Medicare is a federal health insurance program for adults 65 and older and individuals with disabilities. […]

Savings for Seniors: Lower Medicare Part B Premiums in 2023

Lavelle & Finn


For the first time in more than 10 years, Medicare Part B enrollees will see some of their costs decline. In an announcement issued by the Centers for Medicare and Medicaid Services (CMS), the agency outlined changes to the premium, deductible, and co-payment amounts for numerous Medicare costs taking effect in 2023. Note that beneficiaries with higher […]