What to Know About Elder Law & Caring for Aging Parents

As parents age, it’s both an honor and a challenge to be there for them when needed. By preparing properly, you can work together to ensure their living arrangements, medical coverage, and personal wishes are accounted for. From their office in Dalton, Georgia, the elder law attorneys at Minor Bell & Neal have helped families care for their parents and elderly loved ones. Throughout the state and Southeast Tennessee, they’ve earned their reputation for creating comprehensive strategies that work for seniors and their families.

If you’re thinking about how to properly prepare and care for your aging parents, consider these aspects:

  • Family Discussions: To get a full understanding of the situation, have open and honest discussions with your parents about their finances and plans. For example, will they have access to the medical care they need in the long-term? Savings, current insurance plans, and expected costs are important basics to know. It can be overwhelming for one individual to manage the entirety of the situation, so embrace a collaborative approach with family if possible.
  • Making Arrangements: To understand the options available, it’s important to know the assets and resources of your parents. This can determine their access to insurance, medical services, and stability in general. As experienced wills and probates lawyers, Minor, Bell & Neal believe in creating comprehensive, long-term strategies with the families they work with.
  • Estate Planning: Equally essential is ensuring that your parents’ posthumous wishes are properly fulfilled by creating a living will, trust, and thorough estate plan. The passing of loved ones—especially our parents—is a challenging and exhausting time, but not having a detailed plan for their assets and other wishes can make it even more stressful. 
  • Speak With An Elder Law Attorney: The nuances of finalizing arrangements and wills can become complex, but speaking with an elder law attorney can help ensure that nothing is left to chance and all aspects of your parents’ estate planning are accounted for. By taking this proactive measure, you’ll comfort both yourself and your parents by knowing you’re prepared for the future together.

For elder law attorneys who have the expertise necessary to help you build a comprehensive plan for your aging parents and loved ones, turn to the legal team at Minor Bell & Neal. Arrange for a consultation today by calling (706) 259-2586 and visit online to learn more about their experience with elder law, business law, and estate planning.


MBN Participating in Georgia Legal Food Frenzy to Assist Local Food Bank

Minor, Bell & Neal employees will be collecting non-perishable food and monetary donations April 18 thru April 29, 2016 for the Dalton branch of the Chattanooga Area Food Bank.  


Mortgage Debt Forgiveness Law - Will it be Reinstated for 2014?

A Mortgage Debt Forgiveness law is included in a comprehensive tax bill that reinstates protections for distressed homeowners.  The Bill is now headed for President Obama’s desk. 

The tax break on forgiven mortgage debt was one of 55 provisions in the Tax Increase Prevention Act passed Tuesday in a 76-16 Senate vote.  The House passed the bill 387 to 46 on Dec. 3, and Obama is expected to sign the bill into law, enabling the tax break retroactively through Dec. 31 of this year. 

The Mortgage Forgiveness Debt Relief Act of 2007 was created in the aftermath of the housing bust, with the intention of protecting homeowners who lose their home in a short sale or deed-in-lieu of foreclosure from the double whammy of a whopping tax bill. 

The House and Senate extended the tax break on forgiven mortgage debt in 2009 and 2012, but it lapsed at the end of 2013.  The new law is retroactive to cover all of 2014 but is only a one year extension through 2014.


Minor & Moses Present Miracle League Program to Calhoun Rotary

John Minor, Attorney and Dalton Rotarian, along with Jan Moses, both employees of the law firm of Minor, Bell and Neal, recently presented a program about the Miracle League to the Calhoun Rotary Club. This unique project was founded in 1999 in Rockdale County, Ga. to provide opportunities for children and young adults with disabilities to engage in and compete in baseball. The Rockdale County and Conyers Rotary Clubs jointly sponsored the first Miracle League in Georgia. Bef...ore the advent of Miracle League, disabled children and youth had little opportunity to engage in organized baseball. Since its inception, 250 Miracle Leagues have been organized in the US, Puerto Rico, Canada and Australia. Over 200,000 people take part in the program. Specially built fields have soft playing surfaces and handicap accessible dugouts among others features which will allow people with different disabilities to compete.  Mr. Minor and Ms. Moses are volunteering to organize the construction of a multi-purpose sports field at Warner Park in Chattanooga, which will allow the disabled to compete in soccer, basketball and baseball.


Expenses You Don't Plan for, but Should

Watch this short, but good, WSJ video pointing out that Americans are not saving enough for a few expenses that consistently catch them off-guard. We can never be reminded too many times to save for the future. Watch as MarketWatch's Catey Hill reports on Lunch Break with Tanya Rivero.