Medicaid Cuts to Nursing Home

ORANGE, Va. — Alice Jacobs, 90, once owned a factory and horses. She raised four children and buried two husbands. But years in an assisted living center drained her savings, and now she relies on Medicaid to pay for her care at Dogwood Village, a nonprofit, county-owned nursing home here. “You think you’ve got enough money to last all your life, and here I am,” Ms. Jacobs said. Medicaid pays for most of the 1.4 million elderly people in nursing homes, like Ms. Jacobs. It covers 20 percent of all Americans and 40 percent of poor adults. On Thursday, Senate Republicans joined their House colleagues in proposing steep cuts to Medicaid, part of the effort to repeal the Affordable Care Act. Cons

Estate Planning Checklist

Your Mid-Year Estate Planning Checklist: 10 Things You Should be Doing Now Here is a helpful checklist of the top ten ways to keep your estate plan current. Review your existing Will and any trust agreements. Over the course of a year our personal and our professional lives can change dramatically. Tax laws and regulations are also subject to change as new political administrations come into office. It is therefore important to periodically make sure that your documents will work the way you want them to. Some questions to ask: Is your plan tax efficient? Do you need to make any changes about the timing and manner in which your assets will transfer to your beneficiaries? Do you need to chang

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