Grosskopf & Black, LLC Law Firm

ElderLaw News May 2009 Grosskopf and Black LLC May E-news Welcome to the May E-newsletter of Grosskopf and Black, LLC, of Eau Claire, WI. This newsletter is offered as a free service to our past, present and future clients and friends. Feel free to pass this on to your own family and friends. This Month's Articles:   Be Aware of the Dangers of Joint Accounts Nursing Home Residents May Keep $250 Stimulus Payment Book Review: The Boomer Burden: Dealing with Your Parents' Lifetime Accumulation of Stuff Nearly Two-Thirds Face Risky Retirement Due to Long-Term Care Costs Tips for Preventing, Detecting, and Reporting Financial Abuse of the Elderly   Be Aware of the Dangers of Joint Accounts Many people believe that joint accounts are a good way to avoid probate and transfer money to loved ones, and such accounts are sometimes referred to as "the common person's estate plan." But while joint accounts can be useful in certain circumstances, they can have dire consequences if not used properly. more... Nursing Home Residents May Keep $250 Stimulus Payment The $250 stimulus payment for Social Security beneficiaries, which is scheduled to arrive by the end of May, will not be considered income to nursing home residents on Medicaid. more... Book Review: The Boomer Burden: Dealing with Your Parents' Lifetime Accumulation of Stuff When someone dies, they leave behind memories of them, but lots of other things as well. This book addresses those other things -- how to clear out an estate and avoid family squabbles over heirlooms. more... Nearly Two-Thirds Face Risky Retirement Due to Long-Term Care Costs A new report by the Center for Retirement Research at Boston College finds that nearly two-thirds of U.S. households are at risk of being unable to maintain their standard of living in retirement when possible long-term care costs are taken into consideration. more... Tips for Preventing, Detecting, and Reporting Financial Abuse of the Elderly As the economy worsens, incidences of elder financial abuse are reportedly on the rise. The elderly are particularly vulnerable to scams or to financial abuse by family members in need of money. more...   ElderLaw News is a monthly e-newsletter that brings you reports of legal developments and other trends of vital interest to seniors and their advocates. This newsletter is brought to you by Grosskopf & Black, LLC Law Firm Find out more... Quick Links... Talking to Mom and Dad About Finances Feds, State Agencies Crack Down on Mortgage and Foreclosure Scams Reverse Mortgage Variation is Aimed at Seniors Looking to Downsize Exposing the Flaws in Medicare's 5 Star Rating System of Nursing Homes Make Sure Your Insurer Pays Up Does Your State Accept Medicaid for Assisted Living Facilities? Join Our Mailing List

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Disclaimer: The information contained in this newsletter is not intended as legal advice and should not be relied upon to answer any specific questions concerning your own circumstances or for purposes of legal planning. For specific legal advice, please contact our offices.

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