Elder Law Firm of Andrew Olsen

What’s the Penalty Applied by Medicaid for Gifts or Transfers?

by admin June 1, 2018

When seniors and their families are planning for long-term care, a common question that arises is, Why can’t we just start giving our money or assets to our loved ones or family members now? In a common scenario, a parent may decide to give real estate – like a primary residence or a family beach […]

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Estate Planning & Estate Administration Considerations for Bitcoin

by admin May 15, 2018

As the investment world has seen the rise – and, sometimes, the fall – of bitcoin value or other crypto currencies, estate planning attorneys are also working with these unique digital assets in estate planning and in post-death estate administration. The following are estate planning considerations in handling bitcoin. Estate Planning With Crypto-Currency While bitcoin […]

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NC Seniors Will Receive New Medicare Cards But Remain Susceptible to Fraud

by admin April 17, 2018

Starting after June and continuing over the next year, seniors in North Carolina will be receive new Medicare cards in the mail. The Centers for Medicare and Medicaid will issue cards with a new Medicare number and a Medicare Beneficiary Number that is comprised of 11 randomly generated digits and capital letters. Formerly, the Medicare cards […]

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What Can Happen to My Cremated Remains under NC Law?

by admin April 3, 2018

Many people have certain notions of whether they want to be buried or cremated or how their remains should be handled. Estate planning and elder law attorneys often hear of all kinds of elaborate plans for the disposition of clients’ remains. Here in the Port City, scattering ashes or “cremains” on or near the beach […]

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Using a Supplemental Needs Trust for the Benefit of a Disabled Person

by admin March 15, 2018

In elder law and special needs planning, attorneys work with clients to determine whether a Supplemental Needs Trust is a recommended planning tool. A Supplemental Needs Trust, which is also referred to as a Special Needs Trust, is a uniquely designed trust that is intended to hold current assets or future assets for the benefit […]

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Estate Planning for Wilmington’s Pet Owners: Use a Pet Trust to Ensure Your Pet’s Care

by admin March 1, 2018

Anyone who spends time in downtown Wilmington or at any of the area’s beautiful beaches will see the treats and bowls of water provided by merchants for four-legged friends.  Usually, these offerings are intended for dogs, but the area’s love for pets doesn’t end with canines.  Cats, snakes, ferrets, birds, hamsters, horses, and the ever-popular […]

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Post-Retirement Planning: A Checklist for Seniors

by admin February 20, 2018

Before retirement, many seniors carefully watch their finances and consult trusted advisors for guidance in timing retirement. However, careful planning doesn’t end with retirement. Seniors should ensure they are just as prepared for post-retirement as they were before leaving the work force. What follows below is a checklist for seniors and their families to ensure […]

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Top 10 Scams that Target Seniors

by admin February 1, 2018

While a person can become a victim of a scam at any age, the senior population is becoming more vulnerable to scammers.  Seniors make good targets because they generally have good credit and accessible savings.  Further, many seniors are alone or suffer from conditions like memory loss or frailty, which make seniors easier targets for […]

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Impacts on Elder Law and Estate Planning Under the Tax Cuts & Jobs Act

by admin January 15, 2018

Love it or hate it, the Tax Cuts and Job Act is now in effect as of January 1, 2018.  As pertinent to Elder Law and Estate Planning, the Act contains important provisions that govern gifting and planning. What follows below are highlights as to how estate plans could be impacted by the Act: Temporary […]

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The Most Important Document You Need for Estate Planning

by admin January 11, 2018

Now that the holidays have come and gone, family members often begin conversations about their aging loved ones and how to protect assets with estate planning documents.  For the young and old alike, however, the new year is a good time to be proactive about estate planning.  While a will or a trust may be […]

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