Baby boomers, or those born between 1946 and 1964, make up nearly 30% of the U.S. population. With this group reaching retirement age, new concerns are emerging when it comes to planning for retirement and long-term … [Read more...]
About 2 years ago my wife and I were on a cruise through the western Mediterranean aboard a Princess liner. At dinner we noticed a senior lady sitting alone along the rail of the grand stairway in the main dining room. I also … [Read more...]
Dr. Charles Dahl and his wife Kim were married for eighteen years. In 2002, Charles executed a trust entitled "The Dahl Family Irrevocable Trust" that named Charles as Settlor, his brother Robert as Investment Trustee, and Nevada … [Read more...]
Critter Corner: Does a 529 College Plan Count as Part of My Assets When Determining Medicaid Eligibility?
Dear Saki and Alley,I would like to set up a 529 College Savings Account for my granddaughter, Emma. If I need long-term care in the future, will the plan be counted as part of my assets?Thanks for your help!Mona E. … [Read more...]
Q. My wife and I like to plan ahead. Unfortunately, both of her parents and three of her aunts died of Alzheimer's, and we want to make sure we are prepared should one of us need long-term care in the future. We are aware of the … [Read more...]
Elizabeth was taking her daily exercise walk with her friend, Francine, and the topic of "What will happen to my home when I die?" came up. One of Elizabeth's friends' parents recently passed away and the family was going through … [Read more...]
Continuing Care Retirement Communities (CCRC), also known as Life Care Communities, offer older adults a spectrum of services and care facilities, typically starting with independent living arrangements, then advancing to assisted … [Read more...]
Listen to Evan H. Farr, CELA being interviewed on 1500 AM (Federal News Radio) on Sunday, October 5!
On Sunday, October 5 at 10:30 p.m, I will be the guest on "Of Consuming Interest" hosted by Shirley Rooker, radio host and President of Call For Action, Inc. On her show, Ms. Rooker typically interviews top government … [Read more...]
Recently, CNBC posted an article on their Website about the benefits of trusts, entitled “Heir Tight: The Do’s and Don'ts of Creating Rock-Solid Trusts.” The article provides some very good information about why most people should … [Read more...]
The Veteran's Aid and Attendance Pension BenefitThe best advice that I can give you when planning for long-term care is not to delay. We never know what the future holds. While we are able, we must prepare for a variety of … [Read more...]