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Social Security benefits recipients who receive overpayments after March 27, 2025, will have their entire monthly benefit withheld until the overpaid amount is fully recovered.

There are various types of wills, such as simple, pour-over, joint, and holographic, each serving different estate planning needs.

A comprehensive estate plan can help your loved ones avoid family fights by addressing potential issues before they become legal challenges.

Charitable remainder trusts (CRTs) allow donors to provide for themselves and their loved ones while supporting a charity, offering the opportunity to “test-drive” a charity before making a long-term commitment.

A lesser-known financial upside of Continuing Care Retirement Community (CCRCs) is the potential tax deductibility of a portion of the entrance fee and monthly fees.

“Per stirpes” and “per capita” are terms used in estate planning that refer to the distribution method for the assets of a deceased person to their heirs. The distinction can significantly affect how assets are shared among family members. When deciding which distribution method to use, consider your family dynamics and the potential for any future disputes.

Talking about death, especially one’s own death, remains a topic that most people avoid thinking about or openly discussing. However, avoiding conversations about death and end-of-life care can lead to discomfort, confusion, and unfulfilled wishes in the long run.

By sidestepping the court process known as probate, TOD accounts offer an efficient way to pass assets to loved ones or charities. However, they are not suitable for all situations. Knowing when and how to use a transfer-on-death account can help your assets get to your beneficiaries in a timely manner.

The rules surrounding taxes on gifts often create confusion. With the 2025 tax season kicking off, be sure you understand the nuts and bolts of the gift tax, including when a gift tax form needs to be filed.

Natural disasters such as wildfires, floods, and hurricanes highlight the importance of disaster preparedness in estate planning.

Updates to Medicare coverage in 2025 include higher costs for Parts A and B, a new option to pay for Part D prescription drugs on a monthly basis, and a cap on out-of-pocket costs for prescription drugs. In addition, Medicare coverage of some telehealth services will continue through March 2025.

New legislation signed by President Biden will boost monthly benefits for nearly 3 million public sector employees in 26 states.

Under the new law, veterans can receive HCBS if the cost is equal to or less than the cost of receiving the same care in a VA nursing home. The VA can also allow home and community-based services that exceed the cost of VA nursing home services if the VA determines that paying the higher cost is in the best interest of the veteran.

Whether you have a dog, cat, parrot, or lizard, there are options you can pursue to help secure their well-being. When you’ve passed away or can no longer tend to your pet’s needs, your estate plan will prove essential to them.

Estate planning can help to ensure that your property is handled according to your wishes and doesn’t become a source of conflict or financial burden for your heirs. Here are key considerations and strategies for including a vacation home in your estate plan.

Today, understanding which digital information and accounts you can legally leave to your loved ones is crucial to protecting your assets, while laws governing these online assets continue to change. However, legally gaining access to digital assets and encoded financial data can present challenges for anyone other than the original owner.

You may assume that you won’t ever need long-term care services, but data shows that nearly seven in 10 adults aged 65 and over will, in fact, require it at some point in their later years. Although it does add another expense to one’s life, long-term care insurance can be helpful. Plus, keep in mind that you may be able to deduct all or some of your long-term care insurance premium when you file your taxes.

Medicare is a program with many benefits but also with a great deal of complexity. Knowing about the options available to Medicare beneficiaries will help you understand and navigate the system. Let’s look at Medicare’s annual wellness visits.

As the population ages, the number of people affected by Alzheimer’s disease and other forms of dementia continues to rise. In turn, families increasingly find themselves providing unpaid care to loved ones with cognitive impairments. This caregiving role, though essential, comes with hidden personal, financial, and societal costs that can be substantial. In fact, a new study reveals that family caregivers of loved ones with dementia, if they were paid for their services, would be making six figures.

The rules for Medicaid can quickly become complex and often vary widely by state. To ensure that you are pursuing the best coverage options for your situation, speak with a qualified elder law attorney in your area.  Here at Cumberland Legacy Law, we routinely handle Medicaid qualification cases in Tennessee, where the Medicaid Agency is called Tenncare.

The Centers for Medicare & Medicaid Services (CMS) has issued the 2025 figures for Medicare. As in 2024, these health care costs are going up across the board.

If a patient with chronic health issues wants to leave Medicare Advantage, they may not be able to switch to Original Medicare due to cost concerns.

Since its enactment in 1965, the Older Americans Act (OAA) has guided the priorities and operations of key programs and services for the benefit of older adults across the United States. The OAA's primary objective is to promote the well-being, dignity, and independence of older Americans. By providing billions of dollars in funding for essential services, the OAA helps seniors live in their homes and communities for as long as possible.

The increased use of telehealth has benefited patients and providers. Meeting with health care providers via phone or internet has streamlined the health care process and saved patients money and time since they no longer have to travel for every medical appointment.

Does having more money lead to greater happiness? Some people will say yes, and others will say no. The answer is actually more nuanced. The effect income has on happiness can vary greatly depending on factors such as how much money one already has, cultural attitudes, and individual priorities.