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Asset Protection

  • 10 Reasons to Consider Long-Term Care Insurance   
    Description: We believe there are many benefits to Long-Term Care Insurance, and here are 10 reasons why one would consider Long-Term Care Insurance. Of course, as with all legal, financial planning, its vital to speak with an experienced expert you can trust to take care of your best interests. Call us today at (800) 879-0984
  • Solve Eligibility Problems Using the Personal Care Contract   
    Description: For an asset to be considered transferred for fair market value, the transferor must receive something in return. A transfer for love and consideration, for example, is not considered a transfer for fair market value. Like most planning options, the personal service contract is not without risk. Many case workers do not recognize a personal service contract as a transfer for fair consideration and could initially deny benefits. You may be required to request a fair hearing.
  • What Can Seniors and Their Families To Legally Protect Themselves In These Dire Times?   
    Description: It feels like the sky is falling. Every week a client is coming telling us of a job loss or home loss. Medicaid has cut back on funding. The local senior service agencies have three to six month waiting lists for home health care services. The Visiting Nurses are telling us that Medicare has changed how it pays for home care after a hospital stay as well. It looks like quite a few people will be losing services. So what can you do to legally protect yourself in these dire economic times?
  • Gift tax annual exclusion to remain unchanged in 2010. Contact us to see how this factors into your estate plan   
    Description: The Internal Revenue Service recently announced that the 2010 gift tax annual exclusion will remain unchanged at $13,000. The annual amount of the exclusion is based upon the Consumer Price Index, and the exclusion has increased gradually from $10,000 in 1997 to $13,000 in both 2009 and 2010.

    As such, so long as your gifts to an individual are less than $13,000 in 2010, there is no gift tax return required to be filed and no gift taxes are due. A married couple can gift $26,000 to each individual, as each spouse receives an exclusion without creating a gift tax liability.
  • Gift tax annual exclusion to remain unchanged in 2010. Contact us to see how this factors into your estate plan   
    Description: The Internal Revenue Service recently announced that the 2010 gift tax annual exclusion will remain unchanged at $13,000. The annual amount of the exclusion is based upon the Consumer Price Index, and the exclusion has increased gradually from $10,000 in 1997 to $13,000 in both 2009 and 2010.

    As such, so long as your gifts to an individual are less than $13,000 in 2010, there is no gift tax return required to be filed and no gift taxes are due. A married couple can gift $26,000 to each individual, as each spouse receives an exclusion without creating a gift tax liability.
  • This section of the site is designed to provide you with information about your Medicare eligibility and enrollment.   
    Description: This section of the site is designed to provide you with information about your Medicare eligibility and enrollment. You will be asked to answer a series of questions. The number of questions, as well as the questions themselves will be dynamic based on your answers. Once we have collected enough information, we will display detailed information tailored to your specific situation. Please note that Social Security will make the final decision on your eligibility and enrollment status.
  • Choosing whether a Roth IRA is best for you takes a discussion with a qualified financial advisor. Contact us at (800) 879-0984 to find out your best options for estate planning   
    Description: Now that 2010 has arrived, people whose incomes were previously too high to permit them to rollover a traditional IRA to a Roth IRA are calling their investment houses about making conversions. That's because for the first time, even if your annual income exceeds $100,000, you can convert a traditional IRA -- or a SEP IRA, Simple IRA or 401(k) or 403(b) plan held with a former employer -- to a Roth IRA.
  • A look at the specific flaws in the leverage as an asset protection mechanism theory. Contact us at 1 800 879 0984 for more information, or a FREE consultation.   
    Description: A look at the specific flaws in the leverage as an asset protection mechanism theory. Contact us at 1 800 879 0984 for more information, or a FREE consultation. When it comes to making the right legal and financial decisions pertaining to long-term care, you want the best Elder Law attorneys on your side! Shields and Boris Law Office provides experienced professionals who concentrate SOLELY on Elder Law - issues such as Medicaid, Asset Protection, Veterans Benefits, Special Needs, Wills, Trusts, Estate Taxes, Probate, CALL US and see how you can protect the money you've worked your entire life for.
  • Long-Term Care Insurance Health Qualifications - Are You Even Insurable?   
    Description: Most people have some health issues … maybe a bit of hypertension for which you take medication … maybe you even had cancer some years ago. Even people with health conditions may still qualify for long-term care insurance but it really pays to talk to a long-term care insurance professional with access to multiple insurers.
  • Regardless of the amount, any gift that is made is a transfer and is subject to a look-back period of five-years for Medicaid purposes. Call us today for a FREE consultation and find out the best legal and financial plans for your money.   
    Description: Regardless of the amount, any gift that is made is a transfer and is subject to a look-back period of five-years for Medicaid purposes. Call us today for a FREE consultation and find out the best legal and financial plans for your money.
  • When it comes to making the right legal and financial decisions pertaining to long-term care, you want the best Elder Law attorney on your side! Shields and Boris Law Office provides experienced professionals who concentrate SOLELY on Elder Law - issues such as Medicaid, Medicare, Asset Protection, Veterans Benefits, Special Needs, Wills, Trusts, Estate Taxes, Probate, and how you can protect the money you've worked your entire life for so that it goes to loved ones, instead of the government, or nursing home. Call us today for a FREE consultation!   
    Description: Six years after Congress added a prescription drug benefit to Medicare, Democrats in the House and Senate are poised to make a central change that they and most older Americans have wanted all along: getting rid of a quirk that forces millions of elderly patients with especially high expenses for medicine to pay for much of it on their own.
  • Seniors Are Worried About the Possibility of Medicare Advantage Cuts   
    Description: The government-subsidized benefits that seniors on Advantage plans receive — often at premiums lower than Medicare premiums — are real, and are legitimately in danger in some cases if Democrats succeed in their health care overhaul.
  • New Medicaid Laws - Is Long Term Care Insurance the Answer? Is Long-Term Insurance best for you? Call us today to find out the best possible way to legally and financially prepare for long-term care planning.   
    Description: Is Long-Term Insurance best for you? Call us today to find out the best possible way to legally and financially prepare for long-term care planning. Because of the changes in Medicaid laws, we now recommend to clients to at least look into long-term care insurance. It's still not on the top the list as to the number one planning strategy, but it is an option based upon the new law changes that have taken place.
  • Asset Protection - What is the difference between Medicare and Medicaid?   
    Description: But what happens if one does not or will not improve? What if someone has a degenerative disease such as Alzheimer's, MS, Parkinson's, dementia, etc? Chances are if you have one of these diseases, at some point in time you will need skilled long-term care. Medicare WILL NOT pay for this care. On average, you will also live 8 to 12 years after diagnosis.
    If you have any questions or would like a free consultation call us toll free at 1 800 879 0984. www.shieldsandboris.com Asset Protection, Estate Planning, Medicaid, Medicare
  • What is Medicaid and Why Should I Care?   
    Description: The goal is - qualify for Medicaid as soon as possible by protecting your assets! Don't wait, plan now, so you won't be caught in a situation where you have to spend down your money in order to qualify. With the help of our planning, we can help you to avoid making disastrous decisions pertaining to paying for long term care.
  • Are you prepared for the high costs of long-term care?   
    Description: Planning ahead for your own long-term care needs is a great gift you can give to your family. There are a variety of ways that you can pay for long-term care, all with various pros and cons. The lawyers at Shields and Boris have experience helping Pennsylvania residents with Medicaid asset protection planning and veterans benefits claims.
  • What should you know about the PA Inheritance Tax?   
    Description: The Pennsylvania Inheritance Tax affects your estate planning and without a proper plan, you could be penalizing your beneficiaries by 15 percent. Your assets can be protected by consulting with an expert in Estate Planning at Shields and Boris Law Firm. Shields and Boris Elder Law attorneys are on top of all the latest details regarding updates in laws and taxes.
  • The importance of a durable financial power of attorney   
    Description: What would happen if you became incapacitated unexpectedly? Would your spouse or another trusted friend or family member be able to take care of important financial matters for you? Or, would they have to go to court and ask for permission? To ensure that your finances don’t suffer if you aren’t able to make decisions for yourself, consider a durable financial power of attorney.
  • Estate Planning and Sole Property Ownership   
    Description: Buying property can be a challenging experience for many people, but it is important to inform yourself about the titling options available to you before you sign on the dotted line. Some forms of property ownership can be very beneficial to certain types of individuals, but a poor titling choice can negatively impact your estate planning efforts down the road. This article provides an overview of the sole property ownership type of title.
  • Estate Planning and Tenancy by the Entirety   
    Description: There are a variety of different options for owners looking to hold titles to property. One option available in Pennsylvania is tenancy by the entirety, which is available only to married couples. Understanding the differences between title options is important, because each has tax, probate, and legal ramifications. To learn more about estate planning and asset protection please contact the elder and estate law attorneys of Shields and Boris toll-free at 1-888-444-4093.
  • Estate Planning and Tenancy in Common   
    Description: When considering your overall estate, it is important to examine how you are holding titles to your property. There are a variety of options available, including tenancy in common, a good option for unmarried co-owners or married couples in certain situations. The choice of titling option you select has tax, probate, and legal ramifications so make sure you get expert advice before making any changes. To learn more about estate planning and asset protection please contact the elder and estate law attorneys of Shields and Boris toll-free at 1-888-444-4093.
  • Estate Planning and Joint Tenancy with Right of Survivorship   
    Description: The decision how to title your property can be confusing, as there are a number of titling options available. Many people select the most common forms of ownership like tenancy by the entirety or tenancy in common, however there are different options that can be considered. One option that can be beneficial for some property owners is joint tenancy with rights of survivorship. To learn more about estate planning and asset protection please contact the elder and estate law attorneys of Shields and Boris toll-free at 1-888-444-4093.
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