Making Decisions for An Adult Special Needs Child

Parents of children with special needs must be concerned with ensuring that medical and financial decisions will continue to be made in the child’s best interest once the child reaches age 18 – the age of legal capacity. In most … [Read more...]

About the New Medicare Plans

January 1, 2007 through through March 31, 2007 is the open enrollment for Medicare Advantage plans. These new private-sector plans were created along with the Medicare prescription drug program by the 2005 Medicare Modernization … [Read more...]

Reverse Mortgage Home Equity Loans

For many seniors the equity in their home is their largest single asset, yet it is unavailable to use unless they use a conventional home-equity loan. But a conventional loan really doesn't free up the equity because the money has … [Read more...]

New LTC Insurance Premium Deductibility Limits

The Internal Revenue Service has announced the 2007 limitations on the deductibility of long-term care insurance premiums from taxes. Premiums for "qualified" (see explanation below) long-term care policies are treated as an … [Read more...]

Average Nursing Home Room Tops $90,000 a Year

The average daily cost of a private room in a nursing home in Northern Virginia is $91,615 a year, or $251 a day, according to the 2006 MetLife Market Survey of Nursing Home and Home Care Costs. The average daily cost of a … [Read more...]

Medicare Preventive Services: What is Covered?

As the saying goes "an ounce of prevention is worth a pound of cure," and as you get older, taking preventative measures can keep you healthy. And if you are a Medicare beneficiary, there are a number of preventive services … [Read more...]

Pet Trusts — Important Planning for Pampered Pets

Q:   What is a Pet Trust? A:    A pet trust is legal instrument that you can create to insure your pet receives proper care after you die or in the event of your disability. In Virginia, pet trusts are authorized by Virginia Code … [Read more...]