Category: Elder Law
“With all the media buzz about guardians stealing money from those whom they are meant to protect and overall financial abuse issues involving seniors, it’s a good moment to revisit how surrogate decision-making works.” Protecting yourself or a loved one can take many different forms, since aging takes a toll on the ability to handle […]
“A strong long-term care plan spells out where you would like to live, how you plan to get around, and who will oversee your financial and health decisions when you’re incapacitated.” Starting to plan for elder care should happen when you are in your 50s or 60s. By the time you are 70, it may […]
“A suspicious email, a strange phone call from an unknown number, an overzealous financial adviser, a close family member: what’s the connection between all these people and things? It’s financial elder abuse.” Financial elder abuse is defined as the “fraudulent or otherwise illegal, unauthorized or improper act or process of an individual, including a caregiver […]
“She recently enrolled in traditional (Parts A, B, and D) Medicare and was hit with huge Part B and Part D monthly premiums. She had no idea why it was so high. After many letters, calls, and meetings with Social Security, she still had no idea.” A 68-year-old woman knew that she had to sign […]
“While many retirees have considered purchasing a vacation home to escape cold winters, to rent out for income, or simply have a gathering place for far-flung family members, there are a number of financial matters to consider that could make ownership onerous.” It sounds like a great idea. After all, it’s an investment in real […]
“One of the most dramatic scenes in the movie, is the gathering of the Thrombey Family at their father’s estate to hear the reading of the will.” One of the recent surprise hit movies has been the murder mystery Knives Out, with a star-studded cast that includes Jamie Lee Curtis, Daniel Craig and Chris Evans. […]
“While most of us had stockings and menorahs on our minds, President Trump on Dec. 20 signed the Secure Act that makes the most significant changes in retirement accounts we’ve seen in years.” For anyone who has saved a high six or seven-figure balance in their retirement accounts, the SECURE Act will definitely affect their […]
“Federal law, under the Equal Credit Opportunity Act, forbids discrimination in the mortgage market on the basis of age. Nonetheless, loan officers say older borrowers often don’t realize they can get loans with terms that will expire on their 110th, 120th or nearly 130th birthdays.” A senior loan officer with a mortgage company in Florida […]
“Unlike with stolen credit cards, a saver’s losses to fraud in retirement investment accounts aren’t limited by federal law, although mutual fund companies typically say they’ll reimburse funds lost to fraudulent activity.” She thought she had nearly $80,000 saved in her employer-sponsored retirement plan, but when Beth Bennett checked on her account, there was only […]
“Adults with disabilities are living much longer than in the past, which means their aging parents must plan for the day when their dependent children outlive them.” One in four Americans has some kind of disability, and an increasing number of children are being diagnosed with some form of autism. The life expectancy for people […]
