Do the Rich Need to Plan for Long-term Care?

By Jill Roamer, JD, CIPP/US on Sep 14, 2022 10:12:00 AM

Do the Rich Need to Plan for Long-term Care_

Elder law attorneys focus on helping clients plan for long-term care. The U.S. Department of Health & Human Services estimates that an individual aged 65 and over, “has almost a 70% chance of needing some type of long-term care services and supports in their remaining years.” So, an elder law attorney usually has an abundance of clients needing services. However, is it only clients with limited or moderate means who need to plan? Should wealthy clients also have a plan in place for long-term care?

Topics: Elder Law
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Current Developments in Estate Planning and Business Law: September 2022

By WealthCounsel Staff on Sep 9, 2022 10:00:00 AM

monthly-recap (1)

From the Internal Revenue Service’s (IRS’s) reversal of its position on estate tax deductions for certain unitrust interests of charitable remainder unitrusts (CRUTs) to newly enacted pay transparency laws, we have recently seen significant developments in estate planning and business law. To ensure that you stay abreast of these legal changes, we have highlighted some noteworthy developments and analyzed how they may impact your estate planning and business law practice.

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Can a Guardian be Sued for Negligence?

By Jill Roamer, JD, CIPP/US on Sep 7, 2022 10:24:00 AM

Can a Guardian be Sued for Negligence_

When someone is unable to care for themselves, a guardian is oftentimes appointed. This guardian is responsible for the health and well-being of the ward. But what if the guardian doesn’t act in the ward’s best interest? What if the guardian’s actions caused harm to the ward? Should the ward’s loved ones be able to file a suit for negligence against the guardian?

This issue was recently litigated in Minnesota.

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