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What will happen to the family business?

For many, the idea of a family business conjures up images of quaint store fronts straight out of a Norman Rockwell painting. However, family businesses account for an astonishing 50 percent of the national gross domestic product and businesses controlled by families make up 35 percent of Fortune 500 companies.

Proposed Medicaid Cuts Would Affect Nursing Home Care

As a part of the effort to repeal and replace the Patient Protection and Affordable Care Act, Republicans have proposed major cuts to Medicaid that could significantly affect access to nursing home care. The proposal would cap the amount that the federal government pays to states per Medicaid enrollee to 2016 levels.

Need A Nursing Home? Don’t Count On Medicare.

Approximately seventy percent of the Americans over the age of 65 will require long-time care at some point of their lives. But long-term care costs thousands of dollars a month, and not everybody has long-term care insurance. Many citizens assume that Medicare, the federal health insurance program for citizens aged 65 and above, will cater for these costs, but the truth is it does not.

Finding in-home care for veterans

If you or a loved one was once a veteran, you might be eligible for in-home care financial assistance in the form of Aid & Attendance benefits or Housebound benefits. These benefits provide extra payment for eligible veterans who require the assistance of another person in the home, or for those who are housebound because of a medical condition. The VA pays veterans who are eligible to receive a pension either Aid & Attendance or Housebound benefits, but not both.  Who is eligible for VA benefits? Veterans are eligible if they have served for at least 90 days of active duty, including at least a day during wartime. Veterans must also have received an honorable discharge to receive benefits. 

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  • Richard P. Johnson is Board certified Texas Board of Legal Specialization Estate Planning And Probate
  • Wealth Counsel
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