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NOVEMBER 2024
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This Thanksgiving, We Celebrate Gratitude What Makes Us Thankful at The Siegel Law Group
Barry D. Siegel, President: As we approach the season of Thanksgiving, we reflect on what we’re truly grateful for at The Siegel Law Group. First and foremost, we’re thankful for the incredible team that makes our firm what it is. Every member brings unique talents and a shared commitment to serving our clients with compassion and care. It’s a joy to work alongside such dedicated professionals who genuinely believe in the importance of our mission. We’d also like to take a moment to express our heartfelt gratitude to you, our clients. Your trust in us to guide you through the complexities of estate planning, elder law, and probate is a privilege we don’t take lightly. Your stories inspire us, and your gratitude fuels our passion for our work. It’s a rewarding experience to help you secure your legacy and confidently navigate life’s transitions.
services is the foundation of what we do, and we are honored to assist you in planning for the future with care and integrity.”
Reanna Miller, Client Support Coordinator: “I am grateful for the people who work at The Siegel Law Group. I also love meeting our clients and hearing their stories. It is heartwarming to see our clients get peace of mind for what they have worked for their whole lives and to help them ensure it will be taken care of after they leave this Earth.” Abby Steinberg, Attorney: “I am most grateful for the people who make The Siegel Law Group a great place to work. It’s truly satisfying to assist clients in planning for life’s difficult moments and helping them through them.” Odi Gibson, Operations Manager: “I’m grateful for my coworkers who bring me joy every day. The work we do is essential, and I feel fortunate to be in this field of the law.” Renee Mancini, Intake Specialist: “It has been a true blessing to work with such a remarkable group of smart, caring, and compassionate people. Providing people with peace of mind and being part of a team that safeguards the legacy of families is what makes my job truly fulfilling.” Kai Ruggiere, Office Assistant: “What I am most grateful for working here at The Siegel Law Group is having such an amazing and caring work team that genuinely wants the best for its employees and clients.” As we gather with friends and family this Thanksgiving, we hope you find joy in the little moments and remember how much you mean to us. Thank you for being a part of our journey; we’re genuinely grateful for each of you.
I’m not the only one feeling the spirit of gratitude; our team at The Siegel Law Group also has plenty to be thankful for this Thanksgiving.
Julie Jordan, Assistant Operations Manager: “I’m most grateful for the team of individuals I get to work with every day whom I admire and respect. I love that we get to provide our clients with a service that gives them peace of mind.” Sarah Rivera, Executive & Operations Assistant: “I am grateful to be part of a firm that prioritizes its core values, consistently serving our clients with honesty and integrity. I would also like to express our heartfelt gratitude to our clients. Your trust in us and our
Wishing you a warm and wonderful Thanksgiving!
-Barry Siegel
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It’s no secret that it becomes more challenging to maintain our mental and physical health as we hit our senior years, and the risk for Alzheimer’s Disease and dementia drastically increases. If you’ve never had a firsthand experience with Alzheimer’s, you might not realize how prevalent it is and how life-altering this diagnosis can be for an individual and their family. The Alzheimer’s Association reports that 6.9 million Americans age 65 or older currently live with Alzheimer’s. November is Alzheimer’s Disease Awareness Month, and there’s no better time to familiarize yourself with the symptoms and make plans to protect your future. Alzheimer’s symptoms don’t start as severe, and simply aging can easily explain them away. An individual may have difficulty recalling a specific story from their youth, remembering someone’s name, or paying their bills. Over time, the symptoms grow more serious. The person may become aggressive, have extreme personality or behavior changes, take longer to complete simple tasks, and make irresponsible decisions due to poor judgment. Alzheimer’s has no cure, which leaves many wondering what they can do to protect themselves and their loved ones after they reach a certain age. You have to be proactive if you want to safeguard the future. It may be too late if you wait until symptoms have already appeared. Thankfully, part of your estate plan can help create guidelines to ensure your wishes are fulfilled. You should have three primary parts of your estate plan in place to secure your future against mental decline and Alzheimer’s. First, establishing a power of attorney will enable you to designate someone to make financial and legal decisions on your behalf if you’re unable to make them yourself. Second, a living trust allows you to minimize the risk of probate and ensure your assets are passed to your beneficiaries with ease. Finally, long-term care planning helps you make a plan in case you need assistance from a long-term care or memory care facility in the future. Don’t Wait for the Signs and Symptoms How Estate Planning Can Mitigate Alzheimer’s Risks
Fans of the classic Lindsay Lohan comedy “Mean Girls” may laugh at the antics of the film’s main group of frenemies , but how these characters treat each other isn’t funny in the real world. “Relational aggression,” or indirect bullying, is a growing phenomenon among teens and young adults — particularly women. Examples of relational aggression include spreading rumors about others, sharing inappropriate images without the subject’s permission, or sending anonymous messages of a threatening nature. Victims of this type of behavior often experience self-doubt, isolation, and depression. The consequences of prolonged relational aggression can be catastrophic. According to the World Health Organization, suicide is the fourth leading cause of death among people in their mid-teens to late 20s. The Hidden Harm of Indirect Bullying Uncovering Covert Aggression
Here are three important questions to consider if you suspect relational aggression is affecting a family member or someone you know.
IS THE VICTIM SHY ABOUT SENSITIVE TOPICS? Victims of relational aggression may feel reluctant or embarrassed to talk about the situation, so they should always be encouraged to speak openly about anything in life that’s troubling them. If they’re uncomfortable discussing these matters with you or other family members, they should seek support from a therapist or school counselor who can provide them with a safe space to get advice or simply share their experiences and concerns. IS THE AGGRESSOR IN YOUR HOUSE? If you discover that your child is perpetrating relational aggression toward someone else, help them develop a more empathetic mindset by sharing your own experiences as a victim of similar bullying in your younger years or reminding them of how they felt when someone treated them cruelly. ARE YOUR FAMILY MEMBERS FRIEND DEFENDERS? If your child has a friend who’s being bullied — or one of their friends is doing the bullying — encourage them to take a stand. Bullies are likely to stand down if they’re confronted, and supporting and defending others plays a vital role in preserving a caring society. Of course, they should push back against any relational aggression they see maturely and appropriately, as violence is never the answer.
If you have any questions about planning for Alzheimer’s or need to make updates to your estate plan to help safeguard your future, call us today!
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The Retirement Reality Check Estate Planning Strategies for Long-Term Care
Sudoku have millions in your bank accounts, you may wonder how you could ever afford it, especially considering that the price is likely to rise even more. That’s where estate planning can come into play. Most Americans don’t plan on working for the rest of their lives. They dream of retiring and enjoying their last 25–30 years in peace, where they can spend time with family, travel the world, and relax with their hobbies. Have you considered how much money you need to save to retire comfortably? An analysis by personal finance website GOBankingRates.com found that the minimum amount required for 25 years of retirement in Florida is $920,736. That cost could be even higher if you need long-term care in an assisted living facility or nursing home. Until you start investigating the cost of long-term care facilities, you likely don’t realize how expensive they can be. A semi-private room in Florida costs around $10,182 per month, according to SeniorLiving.org. That’s over $100,000 a year to share your room with someone else! If you don’t
While some may think estate planning is primarily a means to pass on your assets to your heirs, it’s also a way to safeguard and protect your future. Our team excels at creating comprehensive and customized plans to help cover any long-term care costs and unexpected surprises that pop up along the way. Here are a few estate planning strategies we can use to help keep you protected in case you need long-term care. Long-Term Care Insurance: This insurance helps pay for assisted living communities, skilled nursing homes, and in-home care as long as you meet the qualifications. The earlier you invest in it, the more affordable it is.
it’s so important to put a plan in place so you can qualify for Medicaid. This can take extensive time and planning, but our team is here to help you through the process. Reverse Mortgage: A reverse mortgage is a great way to fund long-term care. You don’t even have to repay your borrowed funds; once you move from the house, the lender will sell it to recoup their investment.
Medicaid: Medicare offers limited financial support for long-term care, which is why
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Inside This Issue
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A Warm Thanksgiving Message From The Siegel Law Group
How to Stop the Silent Hurt
Safeguarding Your Future Against Alzheimer’s Disease
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How to Plan for Long-Term Care Expenses
Check Out Our Seminars!
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Carpet Replacement 101
Say Goodbye to Old Carpet Your Guide to a Smooth Replacement Process
On average, carpet flooring in your home will last 5–15 years. It could last longer or shorter depending on how often people stand on it, the materials used, and whether a professional installed it. But once you hit the five-year mark, inspect your carpet to see if replacement is in order. If your carpet is flat and compressed or has stains, rips, and other damage throughout, it’s probably time to rip out the old carpet for something new. Removing old carpet is a straightforward task you can complete within a few hours, and then you’ll be ready for the new carpet or flooring installation.
the room. You don’t want anything resting on the carpet or in your way. If you plan to throw out your old carpet, you’ll want to cut it into strips using a utility knife. From there, detach the carpet from the tack strip. For this process, it’s best to wear gloves and kneepads to avoid cutting or poking yourself. You can cut the carpet away from the tack strip with your utility knife or use pliers to pull it away from the tack strip and unhook it. Once the carpet is no longer attached to the tack strip, it’s time to start pulling. While wearing gloves, grab the carpet, pull it, and roll it up. You may need to use pliers to get a better grip. Secure each strip
with duct tape to preserve space in your garbage bag. Repeat this process until there is no carpet left in the room. You’ll want to remove the padding underneath the carpet, too. Pry out staples holding the padding using a floor scraper or pliers. If the carpet padding has adhesive, you will need a floor scraper and potentially some commercial adhesive remover to make progress. All that’s left is removing the tack strip, which you can do using a prybar. After removing everything, clean the floor using a broom, vacuum, and mop before you place new flooring or carpet. Just like that, you’ve removed your old carpet and are ready for the next project!
To start, remove all furniture, appliances, doors, baseboards, and moldings from
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