Tag: Elder Law
“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 […]
“I am named successor trustee in my parents’ trust. When the time comes, how do I sell the home and the other assets?” This is a common concern of people when they learn they have been named as a successor trustee, says nwi.com in the article “Estate Planning: The role of a successor trustee“. The […]
“Depending on whether you are the only beneficiary, or you are buying out other beneficiaries, you could move in, rent or sell.” There are choices when someone inherits a house. However, they depend on several factors. Are there other siblings who also have inherited portions of the ownership of the house? Is there another owner […]
“Linda Smyth has spent more than 20 years fighting her way through a complicated maze of paperwork, assessments and denials in the attempt to secure services for her son, who is on the autism spectrum.” Working to get her son assessed to qualify for support programs, fighting to get benefits and finding therapists became a […]
