Year: 2016
There is an issue that is not being discussed by presidential candidates, and that issue is the inability of many elderly and their families in the U.S. to pay for long term care. People are living longer lives resulting in more people in need of long term care in a nursing home or in-home assistance. […]
Scammers often target elderly people who are sometimes vulnerable. One elderly man learned the lesson the hard way. Scamming predators know that many elderly people are lonely and too trusting for their own good so they often become targets. An Australian man, who has been identified only as “Robert,” was a recent victim. Robert met […]
A proposal is under consideration by the Obama administration that may set new rules for retirement advisors concerning retirement accounts. Many elder law advocates have expressed concern that there is insufficient oversight of retirement advisors that could allow risky investments favoring the advisors over the client. The Hill, in a recent article entitled “Retirement advice […]
Medicare has a plan to pay doctors for quality of care rather than for tests they run. Is that a possibility? A major source of health care expenses is the many, many tests ordered by doctors and hospitals and someone must be responsible for paying for those tests. If the patient is covered by Medicare, […]
While it may be a difficult task it might be wise to have an inheritance talk with your children in order to avoid future battles. Family fights can sometimes occur when your estate plan comes as a surprise to the children because they were not given any indication of what to expect when you pass […]
Apple executives refused to give Canadian widow Peggy Bush her husband’s password but following considerable publicity they went in a different direction. Canadian widow Peggy Bush received a lot of attention from the media when she ran into problems with Apple after her husband passed away and she inherited the iPad the two of them […]
While estate executors can set a reasonable fee for their services the executors in the Leona Helmsley estate have found their $100 million fee challenged. The financial controversies surrounding “Queen of Mean” Leona Helmsley continue even after her death with large amounts of money left to her charitable foundation as well as her dog and […]
The advantage of a traditional IRA or Roth IRA when it comes to inheritance comes down to the circumstances. Since distributions from a Roth IRA are tax-free while a traditional IRA is not, it is understandable that most people consider the Roth IRA has the advantage in inheritance since not having to pay taxes always […]
A New York man who sought out elderly people as victims enters a guilty plea to hate crimes for his insurance scams. Insurance scammers often seek out unsophisticated elderly people as victims across the country to financially scam them and take their money. In a recent case out of New York, a 70-year-old man preyed […]
Baby boomers seem to have varied opinions on whether they should leave their children an inheritance. Are they being selfish? Baby Boomers are split on whether they should leave an inheritance to their children, according to a study by Hearts & Wallets which found that 40 percent plan to do so, 30 percent plan not […]
