When Retirement Is Devoted to Elderly Parents
Americans’ longer life spans mean that more families are ‘aging together,’ as researchers call the trend.
Americans’ longer life spans mean that more families are ‘aging together,’ as researchers call the trend.
A special needs trust allows the beneficiary–your family member–to receive government benefits, while still receiving funds from the trust.
Deciding whether to give a home as a gift goes beyond cost basis and capital gains…
Talks about money and long-term care wishes can be tough enough. However, when a loved one is suffering from memory loss, advocates say there is no time to waste.
Many aging Americans depend on family members or friends to help manage their financial, health, and other affairs during retirement and beyond. They often believe
Many people are frightened of long-term care costs—for good reason.
Nursing home expenses and even funeral bills might initially be ignored or delayed during a time when survivors are seriously concerned about final VISA or Mastercard bills.
When a spouse enters a nursing home, the cost of care can be financially devasting. Many families are simply unable to afford long-term care, without applying for Medicaid. To qualify for Medicaid, there are limits on the resources that an applicant may have. Resources include both income and assets.
Let’s take one couple, Tom and Louise, who have been married to each other for over 50 years and live in the same home they bought when they first got married.
People frequently hear that they should visit their attorney to have their wills and other important legal documents prepared, but many people procrastinate. Therefore, if you’re in that group, do not feel like you’re alone.