Category: Elder Law
A real-life problem when long-lost relatives show up. A trustee and only beneficiary of her mother’s trust explained her difficulties when her long-lost sister suddenly showed up toward the end of her mother’s life, according to the Santa Cruz Sentinel in the article “It’s never too early to disinherit children“. After disappearing for decades, her […]
A leisure world of retirement doesn’t appeal to everyone. If you have decided that you have had enough of work and plan to retire as soon as feasible, you might first take a look at some really good reasons to continue, according to USA Today in “18% of baby boomers and Gen Xers plan to […]
You have choices, so what are your interests? There are a number of options with age-restricted communities. However, active community living is one of the growing choices, according to Next Avenue in “How to Choose a 55+ Active Adult Community“. How can you determine which is the best for you? There are small, city-based apartment […]
The average loss to the elderly is $1,500 per successful scam. Seniors across the U.S. receiving Social Security continue to be targeted with many scams. However, a favorite seems to be convincing you to buy gifts cards with your savings, according to The Sentinel Source in “How to protect yourself from the Social Security imposter […]
Life happens and so does death, so it is best to be prepared. It doesn’t matter how much money you have. You always need an estate plan, whether married or single, in order to be sure those left behind are cared for and that your assets are distributed as you wish, according to the South […]
RMDs are legally required and it is best to study up on them, because taxes can be 50%. Required minimum distributions (RMDs) are not always a common name to retirees but they should be, according to Forbes in “5 Things to Know About RMDs“. The withdrawals are legally required and you have to take them, […]
Despite strong efforts by scammers, it is still possible to stay safe. We are all vulnerable to identity thieves but much of the action seems to focus on seniors, according to My Prime Time News in “Senior Identity Theft: How to Stay Safe“. More than a third of complaints to the Federal Trade Commission in […]
On average, men need help for 2.2 years, while women need help for 3.7 years. Many people will end up needing assistance to care for themselves as they become elderly and that help may not be provided by their children. It might be wise to look into long term care costs now, according to The […]
If your parents are aging, it might be a good time for a frank discussion. It is quite possible you are beginning to worry about your elderly parents. If that is happening now, then now is a good time to discuss their end-of-life issues, their housing issues and their financial condition, according to Kanawha Metro […]
How to plan for the legal issues and expenses of nursing home care. Some of the truths may be hard to hear but can still be beneficial to know about, as myths about nursing home expenses are discussed in The Sentinel article “Five myths about nursing home costs and estate planning“. Myth One: Before any […]
