Vallone Law Blog
Nobody lives forever, but our legacies will. There's a lot to think about when it comes to your final act and what and who you leave behind. This is a blog about estate planning, elder law, and wisely looking ahead.
A Guide to Reverse Mortgages and Their Pros and Cons
You may qualify for a reverse mortgage if you are an older homeowner with substantial home equity. A reverse mortgage can be good and bad, depending...
Charitable Remainder Trust Types: An Overview
In philanthropy, charitable giving has long been a cornerstone. People enjoy making meaningful contributions to causes that are close to their...
Medicare vs. Medicaid: What’s the Difference?
LASA stands for "look-alike-sound-alike" and is commonly used when referencing medications in healthcare. Both Medicare and Medicaid were started in...
Planning for Children with Special Needs
A special needs child requires special consideration when estate planning. You'll need to assess how your child will be able to function in the...
Being a “Fiduciary” Has a Number of Responsibilities
There may come a time when you are asked to act as a power of attorney for a friend or family member. Your person may be planning for when they...
Planning an Estate for an Unmarried Couple’s Assets and Property
As a result of widowhood or divorce, a greater number of older Americans are forming new partnerships. The US Census Bureau reports that more than...
A Person Who Lives Alone Is at Greater Risk of Developing Dementia
In America, aging in place has become the norm for many aging adults. Nearly all older adults prefer to age in the comfort of their long-time homes...
What Are the Risks of Disinheriting a Child?
When it comes to transferring property or money to their children, most parents prefer to treat their children equally. But sometimes, parents...
Understanding The Medicaid Waiver Program and In-Home Nursing Facility Care
Long-term care benefits may be available to you even if you do not meet Medicaid's income and asset requirements. If you currently demonstrate the...
The Difference Between Estate Planning and Elder Law
You may be wondering how estate planning differs from elder law as you begin planning for your future financial affairs and health care needs....
The Role of Artificial Intelligence in Long-Term Care
In the near future, artificial intelligence (AI) may play a critical role in managing long-term care for older adults. The increasing relevance and...
The Redetermination Process for Medicaid Benefits
The Medicaid agency reviews a beneficiary's eligibility for continued Medicaid coverage as part of a Medicaid redetermination process. Typically,...
The Importance of Financial Literacy and Discipline in Building Wealth
A steady path can make you a self-made millionaire if you're in the millennial generation or younger. It does not require a unique set of skills,...
Understanding Coming of Age and Powers of Attorney
If you are the parent of a child who turns 18 (depending on the state), it can be hard to imagine that the child who once needed your attention for...
Reforms to the Tax Code That Affect Retirement and Estate Planning
A number of tax provisions have been incorporated into the Inflation Reduction Act (IRA) which went into effect in August 2022, along with the...
Insights into Special Education Trends
K-12 special education needs are being reshaped by external forces. School violence and cyber threats continue to increase amid teacher and staff...
A Guide to Irrevocable and Revocable Trusts
Estate planning often involves the use of revocable and irrevocable trusts. Each has benefits and drawbacks depending on your goals. However, both...
Does Medicaid Have the Right to Take Your Home?
A dream come true for many Americans is owning a home. Homes are the most valuable and significant possessions most people own in their lifetimes, and they work hard to own them.