Experts have concerns for two reasons.

The first is that there could be a devastating psychological impact for some elderly people who were promised benefits they will no longer receive. The second is that cuts to benefits could lead to more elderly people struggling financially.

What does this mean to you? If you are concerned that your own income may be cut, especially under the new Trump administration, stay informed – or seek advice from qualified counsel. While the media may hype a lot of different opinions about what “might” happen, it’s important to find out the facts. If you have elderly parents or other loved ones who fear they may lose income and/or benefits, don’t ignore their anxiety. Help them get the facts and stay informed.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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