Serving as a trustee to a special needs trust (really, to any kind of trust) is a difficult undertaking. The trustee must administer the trust so all involved parties receive everything they are entitled to. A misstep on that front can result in legal liability on the trustee’s part.
With such a difficult job before them, it’s clear trustees should be compensated– but how does that happen? Does it come straight out of the beneficiary’s pocket, or is the trustee compensated some other way?
To help clear this up, West Palm Beach elder law firm, Shalloway & Shalloway, has outlined the process of trustee compensation on their latest post. With special needs trusts being one of the firm’s areas of practice, firm president Mark Shalloway is able to clearly and concisely describe the different types of trust management and how they are compensated.
Institutional Trustees: Trust companies and financial institutions have the experience and resources to keep track of a beneficiary’s money, how to follow trust documents, and how to follow the law. These companies usually charge a percentage or flat fee, depending on the size of the trust.
Private/Individual Trustees: Private/individual trustees bring a personal touch to trust management. The best options for this type of trustee are lawyers are accountants, as they understand finances and the law. These professionals usually charge an hourly fee that can change based on the size of the trust.
Thankfully, both of these trustee options do not rely on out-of-pocket payments from the family. Compensation for these trustees comes out of the trust itself. This takes one concern off the beneficiary and their family’s shoulders.
Work with a knowledgeable, experienced elder law attorney to ensure that your loved one has properly planned for their future. This will help maximize their chances for qualifying their Medicaid, Social Security, or other needs-based governmental programs, allowing them to live out their life in comfort.
Shalloway & Shalloway is pleased to announce the latest dates in their free, virtual seminar series. It is a common misconception that elder law is all wills and trusts, but that is far from the case. Elder law encompasses a diverse array of areas of practice, including Medicaid planning, asset protection, estate planning, and so much more. When clients approach these topics, they often find themselves overwhelmed by the confusing terminology and nuances. To help assuage these troubles, firm president Mark Shalloway hosts a series of three seminars on these topics every month.
“The time you took out of your busy schedule was most appreciated,” one client says. “We all learned something new and valuable. Thank you for a very eye-opening session.”
For over 30 years, Mark Shalloway and his staff have served the elder community of South Florida on all of their legal needs. Clients are floored by the staff’s dedication to the details and ability to lay things out in “plain English.” When clients work with Shalloway & Shalloway, they work with respectful professionals who want to make a positive impact on their clients’ lives.
Anderson Reporting is pleased to announce their page on the future of remote depositions. Over the past nearly two years, remote depositions have grown to be an essential aspect of every legal professional’s work. But with many legal professionals returning to their offices, a major questions arises: are remote depositions here to stay? On this page, Anderson Reporting explores that topic. Learn more about the future of remote depositions, and how its use may change, by reading the page.
Since its inception, Anderson Reporting has been a leader in the world of litigation support technology. Firm president Gayle Anderson founded the firm upon realizing most court reporting firms could not live up to the needs attorneys had. To combat that, she developed a firm that prioritized client needs, constantly evolving to meet that new standard.
“Unbelievable handling of a last-minute video deposition,” one satisfied client says. “The great team at Anderson Reporting pulled a videographer and reporter out their hats and were on the record in just over an hour after our emergency call. Very impressive service!”
Now, over 30 years later, Anderson Reporting has developed a reputation for itself as one of the fastest, most accurate, and most reliable reporting firm in the business. Their Columbus court reporters are dedicated to finding a solution to even the tiniest problems. The devil is in the details, as they say, and attorneys never have to worry about those details being forgotten about when they work with Anderson Reporting.
Mark Shalloway, president of West Palm Beach elder law firm Shalloway and Shalloway, is pleased to announce his attendance at the Alzheimer Community Care Panel featuring U.S. Secretary of Labor, Marty Walsh. Along with Congresswoman Lois Frankel, Walsh participated in a discussion on home health care for both patients and working families. Health care workers explained their frustration with hardly being able to make ends meet doing the difficult job they are passionate about. With the average aid only making $10 an hour, many can’t afford their own health care and are forced to take on second jobs.
“It’s a real joy,” one woman said. “I love what I do. I don’t think we should be working so hard and getting paid so little.”
The price to care for an elderly loved one in need is difficult onh the families as well. According to SeniorLiving.org, adult daycare costs an average of $74, home healthcare aids cost $150 a day, assisted living facilities cost $141 a day, and semi-private rooms cost $255. No matter which option, that is tends of thousands of dollars a year. This leads many to not get the help they need and shoulder the burden of caring for their loved one themselves.
“Most of us in middle class cannot afford that,” President Mark Shalloway says. “Elder care lawyers look into these problems to find ways to benefit others. That is the heart and soul of elder law.”
The panel ended on an optimistic note. After hearing all that caretakers and family-members had to say about caring for an elder in need, especially one with Alzheimer’s, the labor secretary insisted it “reaffirms what needs to be said in legislation.”
Mark Shalloway and his staff at Shalloway and Shalloway work diligently to ensure each and every one of their clients get the support they need. Whether a client needs assistance with Medicaid Planning, asset protection, guardianship, or any of the other areas of practice that fall under elder law, this West Palm Beach elder law firm can help. There are a dozen of topics the firm can assist its clients with.
Shalloway has spearheaded major elder law associations from National Academy of Elder Law Attorneys (NAELA) to the Board of Directors of Alzheimer’s Community Care, proving his passion for his work. He doesn’t stop advocating for the people once he gets his paycheck– he pushes on to ensure everyone receives the education about elder law that they need. Clients can educate themselves a number of ways with Shalloway and Shalloway. Whether reading the newsletter and blog posts, or joining Shalloway’s free, monthly virtual seminars, clients can enter the world of elder law fully prepared.
“We get involved in multiple sclerosis and Alzheimer’s communities to gain insight in order to better serve them,” Mark Shalloway says. “We learn and listen to what they go through, and teach what they need so we can advocate better for legislatures and congresses.”
To learn more about the firm and its services, call 561-686-6200, or fill out this contact form.
1400 Centrepark Blvd. Suite #600, West Palm Beach, FL 33401
Caring for an elderly loved one is an essential step everyone must take at some point in life. As the middle class shrinks, this is unfortunately not a financially easy thing to do. Whether being the one to supervise an elderly loved one, hiring an at-home aide, or sending them to an assisted living facility, to ensure a beloved senior lives a high-quality life for the remainder of their years a families often must pay a fortune in medical and nursing care. Total costs can easily climb upwards of $100,000!
Even if the at-home aide is only there for a few hours a week, the hourly cost quickly adds up. With all the necessary fees, assisted living centers can easily cost several thousand dollars a month.
Every year, these costs increase, making it difficult for the average family to stay afloat and afford quality care for their loved ones. While many families may earn too much money to qualify for certain government benefits, they don’t make enough to cover these costs of living on their own. This is where guidance from elder and special needs lawyer can help by offering a roadmap to finding proper care and benefits for your family.
An Elder & Special Needs Attorney Can Save Your Family Thousands of Dollars
The worst thing to do is try to tackle these costs on your own. With so many different benefits and the legal jargon surrounding it, figuring out what works best for your loved one can be as difficult as deciphering an unfamiliar language. For those who aren’t quite to this point, but want to plan for their future, figuring out a financial plan might seem like it would only be a few steps when it is so far from that.
Don’t shoulder these important, financial decisions on your own. Unless you have a background in finance or law yourself, it is entirely possible that you will miss some detail that could have saved you even more money as incoming elder care costs.
Shalloway & Shalloway
Arnold Ruderman, a recent client of elder and special needs attorney Mark Shalloway spoke of his experience in looking for legal help for his estate and family law issues: I was in search of someone to help me with a will, financial and medical issue regarding my family and loved ones. We were in a position of trying to find the best financial options for our legal needs.” Mr. Ruderman described his experience with Mr. Shalloway thusly:
“Excellent, very professional, very thorough, easy, explained everything, transparent as far as the different options and we felt very comfortable with our attorney, Mark Shalloway, I felt he had valuable experience that I could trust and that could help me make the best legal and financial decisions for my family. He is very good at what he does.”
A quality elder law attorney will be able to take an unbiased approach to your case, opening doors for you that you never thought could be opened, and getting you exactly the results you require.
“When families reach out they are often middle-class– but not necessarily very wealthy,” according to Mark Shalloway, president of West Palm Beach elder law firm Shalloway & Shalloway says. “Some of our clients are pro-bono, but most are middle class. The middle class fall through the cracks because they don’t fit the requirements for benefits, and they are not quite wealthy enough to hire independent caregivers around the clock. They work hard—they could be teachers, or doctors, or journalists, or other good, hard working people who have saved and are facing Alzheimer’s, stroke, Parkinson’s, or have a spouse or child with special needs. They can face these diseases for years—for the rest of their lives—and that can impoverish you. If we can do Medicaid planning, that can help.”
For 30 years, Shalloway & Shalloway has been South Florida’s premiere firm for all things elder law. The umbrella of elder law is a wide one, and the firm will cover it all– elder care, veterans benefits, Medicaid planning, estate planning, wills & trusts, and more. Mark Shalloway is known for his “plain English” approach to law. He lays everything out on the table for clients, because he wants them to be absolutely confident in the decisions they make. During such a stressful time in one’s life, clients need an attorney who will be honest and transparent with them. Shalloway and his staff will do just that.
Free Consultations & Free Virtual Seminars
If a client wants to learn a little more about the world of elder law before scheduling an appointment with Shalloway, they can attend one of his monthly seminars. This virtual program occurs via Zoom, and can help clients more comfortably navigate any of the areas of practice elder law encompasses.
The Global Covid-19 pandemic has altered the way everyone does business. For law offices the pandemic has given rise to remote depositions, virtual seminars and a variety of tele-presence meetings and consultations. When it comes to working in the office, contact between staff must be kept to a minimum and accommodations must be made to keep visitors safe. For clients intending to visit a law office, life has become more complicated. Many law firms are trying to find ways to balance the safety needs of their clients and staff with the duties of their practice as the institute new technologies and practices for their attorneys and staff.
For Elder and Special Needs Attorney, Mark Shalloway, this meant establishing new health and safety protocols for the entire office. To safely accommodate clients meetings during this time of Covid-19, the firm limits visitors to the office to one client at a time. Each person entering the office must wear a mask. Upon entry each visitor must have his or her temperature taken. From there, the next step is interacting with a receptionist through a glass panel where documents are examined and scanned. The firm has also added safety shields for documents signings.
Whenever possible consultations are conducted remotely via ZOOM or conference call technology.
Speaking about the new health and safety measures G. Mark Shalloway explains the decisions behind the protocols:
We wanted to create a safe way for our clients to come into our offices while minimizing any risk to our team. Without question the pandemic has changed so much about the world of law and our practice. These new measures are our way of staying on top of the pandemic as much as possible and keeping our services operating for our clients as we keep the office open for our staff as well.
The National Network Reporting Company (NNRC) is pleased to announce their database of partners. Since the 1980s, the NNRC has been one of the leading legal resources that set standards for quality reporting. To become a partner of the NNRC, court reporting companies must go through a strict vetting process that assures their speed, accuracy, and customer service lives up to the needs of the NNRC’s prestigious clients.
On this page, clients can find a list of court reporting firms across the world that can provide them the litigation support they need. Whether in Texas, British Columbia, or London, attorneys and paralegals can book any litigation support service they need with professionals they know they can trust no matter where in the world they are. Find out which court reporting firms support your area by exploring the database of court reporters.
The NNRC and its dedicated partners offer the best legal resources in the game. Each firm offers a variety of litigation support services and cutting-edge technology to fit their many clients’ needs. Court reporters are fast and accurate. Videographers produce content with crisp and clear audio and video. Remote depositions give clients the ability to meet with their entire legal team over a secure, online server. No matter what an attorney needs, they can always expect the best of the best from the NNRC and its partners.
For more information on the NNRC, call (916) 451-9187, email email@example.com, or fill out their contact form.
Months ago, when people needed legal advice, the answer was simple. Look up an attorney who practices whatever legal needs one might have, and stop by their office for a consultation. Some attorneys, like Mark Shalloway of Shalloway & Shalloway in West Palm Beach, go a step further and offer free legal seminars to his community monthly. This allows anyone in Palm Beach County to learn about applying for Medicaid, asset protection, avoiding the cost of probate, and many more topics that are covered under the wide umbrella that is elder law.
However, given our current public health crisis, holding seminars in person that are designed to facilitate large groups of people is not exactly feasible. Large gatherings are to be cancelled or postponed until a later date, which unfortunately cuts off these learning opportunities for potential clients who want this valuable, free resource before scheduling a consultation with an attorney.
But some law firms fight to perpetuate the spread of knowledge. The staff at Shalloway & Shalloway still offer these seminars, but virtually. These seminars still take place monthly on three different days to accommodate the most people possible, but instead of being packed in a conference or meeting room, the “audience” can now attend via video or call. All an attendee has to do is reserve their free spot by calling (888) 366-0062. The next set of virtual seminars, or webinars, are May 12th, May 13th, and May 14th from two in the afternoon to four in the afternoon. Now, present and future clients can learn about all things elder law from the comfort and safety of their home.
Even legal conferences are still occurring in a webinar format. The annual Fundamentals of Special Needs Trusts Administration Event, an event hosted by Stetson University, took place virtually on April 24. Speakers at this event— including the likes of Attorney Robert Fleming, Chief Fiduciary Officer Gentry Byrnes, and Mark Shalloway— discussed administrative issues trustees, attorneys, financial planners and others involved in Special Needs Trust administration regularly face. It was a fantastic resource for attendees who wanted to learn more about the SECURE Act, examining the use of SNT, and much more. In this virtual setting, everyone was able to stay safe.
The internet and the technology legal professionals have at their disposal allows them to keep in contact with their current and future clients while keeping everyone safe. Not only can clients learn more about elder law and the surrounding areas of practice, but once they know they need an elder law attorney, they can contact the firm. Remote consultations via video of phone call get clients the same legal help they need from the attorneys they trust.
For more information on Mark Shalloway and his firm, call 561-686-6200, or fill out this contact form.
1400 Centrepark Blvd. Suite #600, West Palm Beach, FL 33401
The landscape of the world of law and litigation is changing. As our culture becomes more and more “go, go, go” in the age of the internet, it is important that each legal firm keep up to speed. That is why many are making major changes that put them ahead of the curve. Here are five of those legal trends to be on the lookout for in 2019.
1. Mobile Scheduling of Court Reporting Services
Attorneys and paralegals are always looking for ways to more efficiently manage their time. Many have favorite court reporters to turn to for all their litigation needs, but a large portion of these firms are stuck in the past with limited calling or email scheduling options. However, things are starting to change. Many court reporting companies are now offer mobile scheduling for court reporter services.
These scheduling options allow attorneys to simply click on the booking engine, fill out contact information, information on the case, and which services need to be booked. Upon submitting the request, the firm is notified of the proposal and promptly gets back to the client. These mobile booking engines attorneys to fill out a request anywhere, any time.
2. Local Education Seminars by Attorneys
In an interview with West Palm Beach Elder Law attorney, Mark Shalloway, he reveals that there is “intimidation and fear with booking with a lawyer.” This causes many clients to not seek the help they need. By offering free seminars on a particular area of practice, locals can learn about the field and determine whether or not they want to proceed with this particular law firm. The anonymity that comes with participating in an audience setting allows potential clients to comfortable intake knowledge.
“They are exposed to the subject matter and can understand if it will help,” Shalloway says. “If it’s not right fit, they just leave. If they want more, they can follow up. You can go on internet, read articles, but you can learn much more if you show up to a seminar.”
3. Presence on Online
With the rise in social media, having an online presence is far more important than it once was. People rarely turn phone booths or radio ads to learn about a firm. Nowadays, people open Google and search for firms near them. It is vastly important for a law firm or court reporting firm to have a stunning, easy to navigate website that can appeal to both younger and older generations. Having multiple social media accounts, such as Facebook and Twitter, allow clients to stay engaged with the business. When exposed to frequent updates, it keeps the business on the minds of clients, making them more likely to return to the firm when they need help.
4. Better Cyber security
An increase in online presence and a transfer from paper to digital, however, leads to an increase in data breeches. In a study by ABA in 2017, it was reported that 44% of firms experienced a threat to security and breech. With important and sensitive information on not only the firm itself, but their clients, sitting on each and every one of the staff-members’ computers, it is essential that greater focus be placed on security. Many firms hiring more than adding IT professionals to the team—they are turning to cyber security companies such as Root9B and Intel Security to keep their information secure.
5. Video Marketing
YouTube is quickly becoming one of the top search engines in the world. More than 75 million people in the world watch videos every single day. People would rather watch a video that is just a few minutes long than ready a several-paged article that holds the same information. Videos are engaging, and can be watched while people wash the dishes or do any other number of tasks. By creating easily digestible video content, firms can get their information into the world in a creative way that appeals to a large audience.
Shareable, interesting content will help spread the word. Videos also help put a face and personality to what one may have been seen as an intimidating attorney. If present and future clients feel comfortable and familiar with a firm, they will be more likely to schedule an appointment or service.
Federal lawmakers recently passed the Federal Lawmakers Pass Veterans Care Financial Protection Act in an overwhelming vote. The bill was sponsored by many congresspersons and United States senators, ranging from Senator Marco Rubio to Representative Ted Deutch. The bill, if enacted by the President, would make it obligatory for the Veterans Administration Secretary to provide a warning to Aid and Attendance benefit applicants of any possible unscrupulous behavior from scammers and predators who target veterans.
The Bill would also require the Government Accountability Office to begin studies on the impact of scams and cons on applicants for federal benefits.
West Palm Beach attorney Mark Shalloway, comments on the potential impact of the Veterans Care Financial Protection Act:
“This bill is a powerful step in the right direction towards protecting our veterans from scammers and unscrupulous businesses that prey on elder veterans. Our veterans deserve the very best medical care and protection from our federal government. This bill will better protect recipients of Medicare, Medicaid, and Aid & Attendance benefits. We always recommend that veterans never provide their Medicare ID number to anyone who is not their physician or insurer.”