Year: 2014
Today, with smaller families and more women choosing not to have children, “the dynamic has changed pretty significantly for the generation of baby boomers. The option of doing something charitably significant with their estates is a change. What you do with your estate is up to you. Sometimes that means passing it to your family. […]
If you are expecting an outright inheritance, you may need to think again. Expecting a sizeable inheritance? A recent Forbes article, titled “Why You May Not Get An Inheritance (And What To Do About It)“, provides some sound advice and thoughts to ponder. Good (and recent) financial decisions. Parents like to see a pattern of […]
“The number of elder abuse reports continues to increase slightly every year,” said Jill Berntson, social services chief for the state’s Aging and Disability Services Division for Elder Rights. Are you or someone you love a victim of elder abuse? According to a recent Las Vegas Review-Journal article, titled “Elder abuse underreported, on rise in […]
The new Genworth numbers also provide yet more evidence that you need to save a good chunk of money for potential long-term care costs. Long-term healthcare is costly. And it’s only going to get more expensive. A recent nextavenue.org article, titled “Are You Set to Pay a $262,800 Nursing Home Bill?“, found that price increases […]
Experts share tips for getting the job done and keeping the peace. Clearing out the family home? How do you keep the memories, but also get rid of stuff? In reality, you just can’t keep everything. The Wall Street Journal MarketWatch recently interviewed author Linda Hetzer in an article titled, “Cleaning out Mom & Dad’s […]
To grasp the importance of planning for the distribution of your worldly goods, consider all the things that influence what happens to them. An Estate Plan is a form of defense for your estate. But you also need to defend that plan against future influences. A recent Kiplinger’s Personal Finance article, titled “Forces That Affect […]
The law is aimed at protecting people 70 and older who are victims of financial abuse. People convicted of large-scale abuse could be sentenced to more than 40 years in prison. Kansas recently passed a new Elder Abuse Law for victims of financial abuse that are age 70 or older. If offenders are convicted of […]
Federally insured reverse mortgages, issued under the Home Equity Conversion Mortgage program, are a way for homeowners 62 and older to borrow money using their home equity as collateral. Reverse mortgages can be costly, but are (in some cases) the only option for older homeowners without cash and who have mounting health care expenses. A recent […]
There is no question that most of the burden falls on women for the physical and financial impacts of caregiving. As parents live longer, more women are feeling the crunch. Who do you think is depended upon more for taking care of elderly parents — men or women? A recent article in Forbes stated that […]
Warning: Don’t let your pets crack your nest egg. “The topic of pet expense is rarely discussed,” says Richard Rosso, a senior financial adviser with Clarity Financial LLC, a Houston-based financial-planning firm. “But it shouldn’t be ignored.” Retirement planning largely involves how to budget living expenses. Just make sure you have accounted for those furry […]
