Blog
Burnout is a real concern for caregivers
According to Bob Jackson, the Director of Texas AARP, unpaid family caregivers are providing Texas seniors with approximately 3.2 billion hours of care. And that’s just in one year. Mr. Jackson values those services at approximately $35 billion. To put that number...
read moreFederal spending on seniors will hit 50% mark in next decade
By 2019, the Federal Government estimates that it will spend approximately half of the federal budget on seniors – mostly on Social Security and Medicare. To put that number into perspective, last year, the government spent approximately 40% of the budget on seniors,...
read moreWhen to review your existing estate plan
Each time the New Year rolls around, it’s hard not to think of our goals and plans for the future. The New Year is also a great time to take stock of existing plans, such as your estate plan. Very few people need to review their plans with an attorney on an annual...
read moreBalmos Law joins local companies to raise money for Young Lives
On Saturday, Balmos Law was a table sponsor for this year’s Winter Wonderland Gala, a fundraiser for the Lewisville-Flower Mound chapter of Young Lives. Young Lives serves teenage mothers and their children, many of whom face housing, financial and educational...
read moreMyth Busting Monday: Elder Law Attorneys Only Work With Senior Citizens
One of the most frequent reactions I hear when I tell someone that I am an elder law attorney is that they are too young to think about “that kind of stuff.” Or that they’re not established enough to have an “estate” to worry about. FALSE. I strongly believe that all...
read moreImportant Healthcare Conversations No One Wants to Have
There are two healthcare documents that every adult should keep in a safe place, and a couple of conversations that everyone should have with their family members or trusted friends. First, who do you want to make healthcare decisions for you, should you lose capacity...
read moreIRS raises contribution limits for 2019
Good news from the Treasury Department for those planning ahead for retirement. Cost of living adjustments mean more money may be tucked away in retirement plans in 2019. 2018 Maximum 2019 Maximum IRA Contribution Limit $5,500 $6,000 401(k)/workplace account $18,500...
read moreNews you can use: Cost of Care 2018
Genworth Financial published its annual Cost of Care report, which breaks down the cost of long-term care across the country. The national median cost of care in a skilled nursing facility tops $100,000 annually. Since Genworth began reporting on the cost of care in...
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