On December 4, the IRS issued a Newswire about new ABLE accounts that benefit adults with disabilities and changes from recent federal tax reform. In September, we posted a blog about ABLE accounts, explaining that they were created as a vehicle for saving money to benefit disabled adults that would not put them in jeopardy of having too many assets to qualify for the major public-benefits programs that operate as their lifelines — namely Medicaid (Health First Colorado) and Supplemental Security Income or SSI through the federal Social Security Administration or SSA.
For years, to preserve eligibility for Supplemental Security Income or SSI, a federal government cash benefit, and the federal-state Medicaid program -- called Health First Colorado in our state -- people with disabilities have had to remain relatively impoverished. Usually, this has meant not exceeding $2,000 in countable assets.
At Chayet & Danzo LLC, one of our foremost professional goals is to help families with children or other relatives who have autism or other intellectual or developmental disabilities such as Down syndrome or Fragile X syndrome. We provide guidance and legal services to these clients to help them protect their loved ones in areas of legal, financial, physical and personal vulnerability.
The sandwich generation refers to those caring for their children/grandchildren and elderly parents. The number of families in this category will likely increase as the baby boom generation ages and millennial couples delay starting their own families.
Recently, two large chalkboards were propped against the wall next to Purple Door Coffee in the Five Points neighborhood. The question posed was not typical coffee shop fare. Written across the top, the sentence started, “Before I die I want to….”
A couple months ago, a Fort Collins couple faced felony theft by exploitation accusations in South Dakota. The couple in their 60s allegedly stole funds from an elderly relative.
From an adopted chihuahua to a special cat or bird, pets brighten days for many in various stages of retirement. And in some cases, they may even serve in a support role helping their person through Arrhythmia attacks or other medical conditions.
When a family is spread out across the country with parents in Colorado and children in Boston and San Francisco, who provides additional care for mom and dad? When is it time to investigate assisted living or nursing home options?
Prescribed for a variety of disorders including anxiety, insomnia, restless leg syndrome and depression, one class of drug is contributing to more injuries and deaths among older adults. “Benzos” is the short for a class of benzodiazepines such as Xanax (alprazolam), Ativan (lorazepam) and Valium (diazepam).
Reflections on the extraordinary life of Stephen Hawking have been filling the internet at news of his passing. His life and work changed the way we view disability.