For older people and people with disabilities, solving everyday practical problems can be the difference between being able to live at home or being forced to move to an institution. Sometimes people need help getting dressed or making meals. Sometimes they need help managing medications or shopp...
You've done your homework, and now you've got this retirement stuff all figured out. Savings socked away. Debts paid off. A plan in place to transition from work to leisure. However, some retirement mistakes operate under the radar. Wealth Insider's recent article entitled “8 Things You Should No...
In a nutshell, it might be better for your mom to put the home in a living trust that allows her to control the home while she is alive and allows you to inherit the home through the trust upon her death. One of the ways families build wealth across generations is through home ownership. Parents ...
Estate planning is perhaps the area of tax practice where one must consider the whole. The Albuquerque Journal's recent article entitled “Learn from Aretha's estate mess and ‘Think'” talks about the new biopic called “Respect” that traces 20 years of the life of Aretha Franklin, the Queen of Soul...
Amazon has two new programs that integrate Alexa into hospitals and senior living communities, the company announced today. Amazon's new programs run through Alexa Smart Properties, which allows organizations to control a centralized Alexa system and accommodate Senior Health, according to MSN's ...
Trusts are useful financial tools, often used for the purpose of planning an estate. A trust is essentially a legal framework into which ownership of assets can be placed. These assets can include financial products like stocks and bonds, or it can include real physical property, like land, jewel...
It's hard to escape the Medicare ads that fill the airways each fall, when insurance companies vie for beneficiaries' attention during the annual open enrollment period. Running from Oct. 15 through Dec. 7, this period is when the more than 63 million Medicare beneficiaries can pick a new Medicar...
When a loved one passes away, it can be an emotional experience. Unfortunately, handling the deceased's finances can add to this stress. One of the tasks required after a person's death is to pay taxes on their entire estate and often for the last year of their life. Most people know this, but no...
On the surface, the difference between revocable and irrevocable trusts couldn't be any more straightforward. You can change your revocable trust whenever and however you choose. You can't change your irrevocable trust at all. However, below the surface of estate planning and the world of trusts,...
The senior care industry has undergone tremendous change recently. While senior care operations may be reshaped and reimagined, the same is occurring to the physical buildings and layouts of senior care communities. New trends are emerging, many of which will likely have a lasting impact on the i...
Although the Medicaid system may be a generally recognized public benefit, the intricacies of the program usually do not become relevant to individuals, until they face the need to use it. For seniors and their families, figuring out how Medicaid works usually happens when an emergency occurs, an...
Influenza itself can be deadly in vulnerable patients due to difficulties in breathing and dehydration. However, complications like pneumonia are the real killers. Depending on the severity of the flu season, between 750,000 to one million people are hospitalized each flu season in the U.S., and ...
According to a Caring.com survey, only 4 in 10 American adults have a will or a living trust. And what may be even more surprising is that younger adults are outpacing their middle-aged and older counterparts when it comes to estate planning. Estate planning is crucial to ensure that wealth accum...
A divorce almost always comes with emotional, personal and financial complications. However, a divorce late in life also adds a level of complexity to your estate and tax plan. Known as a “Gray” or “Silver” divorce, a couple who divorces in their 60s, 70s and beyond, faces different issues than a...
Changing your diet could help prevent late-stage age-related macular degeneration (AMD) and save your eyesight, according to recent research out of the University at Buffalo — The State University of New York (SUNY). Researchers found that study participant who ate too much of the unhealthy foods...
To say there's intense international interest over how pop star Britney Spears lost control of her estimated net worth of $60 million, as well as most of her personal and medical decisions, would be a gross understatement. The conservatorship battle over Britney Spears' life and money is not typi...
With Covid-triggered changes in the economy and more people taking early retirement or changing jobs, there has been a surge in rollovers from 401(k)s to individual retirement accounts. In addition to an increase in rollovers, there has been an increase in the mistakes people make when transferri...
Evidence is pouring in that drinking a cup of joe — or three — can help with everything from managing blood sugar to getting more from a workout. Nutrition experts and medical researchers are finding all kinds of reasons to recommend indulging in a cup of joe— most based on the fact that coffee i...
Dying without a will can be costly and eliminate your ability to plan or provide for loved ones. You should get the basic estate planning documents in order and revisit them regularly. Everyone should have a will, but it's only one of several significant estate planning documents in a comprehensi...
If you are admitted to a hospital for even minor procedures, there is a good chance you will be asked to read and consider signing a do-not-resuscitate order. A do-not-resuscitate order, or DNR, is written document with instructions informing healthcare personnel not to perform cardiopulmonary re...
Locking up certain important documents and valuables in a bank vault could turn into a headache for you or your heirs. We're reminded daily about living in a digital world where anything of importance is stored in the cloud. However, if you were thinking about getting rid of your safe deposit box...
Despite the pandemic, many Gen Z'ers are graduating from college and setting their course for success. This is a generation of young people who know what they want out of life and have the financial literacy tools – from podcasts to online platforms – to save for retirement, maximize their saving...
When there is a large inheritance at stake (or even when there isn't), it is a great idea to get everyone on the same page. A family meeting can make that happen, and it can even be enjoyable. Kiplinger's recent article entitled “It's Never Too Late for a Family Meeting – Here's How to Do Them We...
It takes a special parent to care for a child with special needs. These parents' greatest financial concern is typically ensuring that their children are cared for when they can no longer do so. Part of providing comprehensive estate planning for families includes being prepared to address the ne...
A government report reveals a troubling pattern among Medicare enrollees in their last year of life. Seniors with Medicare Advantage plans are more than twice as likely to leave their plan and switch to traditional Medicare during their last year of life, a recent government analysis shows. Shoul...