Category: Elder Law
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 […]
Instead of flat out asking them to tell you about their personal information, it can work better to talk about emergency preparedness instead. When a natural disaster strikes, it can prompt many “what if” conversations. What if that were to happen to us? What if that were to happen to our family? These events be […]
Elder planning deals with protecting assets while you’re still alive and perhaps unable to make good decisions. Having someone who is suffering from Alzheimer’s and unable to make decisions is like a living death, for all parties. Much of our planning is done for the unknown. We don’t know what lies ahead, so having a […]
Rooney helped draw attention to the hidden and underreported crimes associated with elder abuse through his unique role as a high-profile and victim of abuse while still retaining a clear ability to testify and completely comprehend his affairs. With a career of more than 300 films, Mickey Rooney’s biggest role may have been when he […]
A federal consumer activist, along with a professor of elder law and representatives from organizations like the State Attorney’s Office and AARP told a gathering of elder advocates in Miami on Tuesday that financial exploitation of seniors could grow worse as the country ages. Elder financial exploitation and abuse is a growing problem, and experts […]
Think you know enough about Social Security to make the best decision about when to claim your benefits? The catch is, when the same folks took an eight question quiz about crucial Social Security rules, just 5% got all the answers right. Did you know that only about a quarter of workers age 55 and older are […]
Keep an eye on the Obama Administration budget proposals as there are several provisions which may affect estate planning. For example, there is a provision which would reduce the $5 Million federal estate tax exemption to $3.5 Million – the 2009 level. Stay tuned! http://www.treasury.gov/resource-center/tax-policy/Documents/General-Explanations-FY2015.pdf
Unlike Medicare, which is fully regulated by the federal government, Medicaid is a joint program of both federal and state governments. The federal government sets guidelines, and states establish their own rules and programs within these broad parameters. Do you know the difference between Medicare and Medicaid? Although you may feel you need a PhD. […]
There are various reasons why our elders are such easy prey for these thieves. People taking advantage of other people is just an ugly reality of the world we live in. Some of the worst offenders are those who dupe the elderly. Seniors can be easily confused and too trustworthy at times, which makes them […]
