Elderlaw News September 2011

September 2011

To Clients, Colleagues and FriendsTo Clients, Colleagues, and Friends:

Frank A. Petrich, CELA, recently participated as a panelist on WQED Television on a program entitled: “End of Life: Discussions on Dying & Dignity”, where participants discussed how to achieve quality end of life care. Follow the link below to view the program in its entirety: http://www.wqed.org/tv/watch/series/specials/2011-05-19/

How Will the Debt-Limit Deal Affect Seniors?

Congress has agreed to allow the debt ceiling to be raised in exchange for $2.4 trillion in budget cuts over 10 years. How this deal will affect the three major programs crucial to the elderly — Medicare, Medicaid and Social Security — may not be known until almost year’s end, but the impact could be significant.


IRAs Require Special Consideration in Estate Planning

Individual Retirement Accounts (IRAs) are a popular investment tool for retirement, but they also need to be taken into account when doing estate planning. Although IRAs can be used to provide for heirs either directly or through a trust, how much your heirs will benefit from the IRA and avoid unnecessary taxes depends on proper planning.


Book Review: Fat Cats & Lucky DogsFat Cats & Lucky Dogs

For many people, their pets are members of the family that need to be taken care of if the pet owner dies before the pet. This book explains how to include a pet in an estate plan. It’s a welcome publication for the nation’s pets and a good, information-packed read for their human companions.


Amy Winehouse’s Death Illustrates the Importance of a Will

Amy Winehouse had many ups and downs during her short life, but it appears the troubled singer/songwriter had the foresight to leave behind an up-to-date and ironclad estate plan. Winehouse’s tragic death at age 27 illustrates why you are never too young for a will.


Medicare Fraud Costs Billions: Here’s How You Can Help

Medicare fraud is often in the news, but what is it, exactly? Fraud costs Medicare an estimated $60 billion a year and contributes to the rising cost of health care for all Americans. Once you understand what is involved, you can help prevent fraud.