Dear Oakley, I’m turning 65 and I have not yet claimed my Social Security benefits because I thought it would make good financial sense to wait. Can I choose to wait to enroll in Medicare as well? Thanks! Juana Waite --- Dear … [Continue reading]
When the Inheritance You Left Isn’t Wanted
Janet Reno, the nation's first-ever female attorney general, died a little over three years ago (on November 7, 2016) following a long battle with Parkinson's disease. Ms. Reno was born and raised in a small cottage home her mother built with her own … [Continue reading]
Getting Loved Ones the End-of-life Care They Deserve
Q. My mother is in her 80’s and has been in the hospital several times this year with pneumonia and urinary tract infections and has been suffering with Parkinson’s for decades. There have been times when I’ve visited her and a doctor hadn’t been in … [Continue reading]
Plan Ahead to Live Longer
Dear Hayek, I read somewhere that if you plan ahead for the end of life that you will live longer. Is this true? Thanks! Liv Lawnger --- Dear Liv, According to a recent study, what you say is true, but the study only applies to … [Continue reading]
Can You Still Live Alone if You Have Early-Stage Alzheimer’s?
When Kimberly was first diagnosed with Alzheimer’s disease, she took it as a devastating blow. She experienced the gamut of emotions anyone would feel after such a shocking discovery about oneself, including shock, denial, and depression. It took … [Continue reading]
Top 19 Articles of 2019
Those who read our newsletter or follow our blog know that we covered a lot of ground in 2019. This past year, the Federal Tax Act increased the federal estate and gift tax exemption from $11.18 million dollars per person to $11.4 million dollars per … [Continue reading]
What We Can Learn from Critter Corner Pets in 2020
Dear Magic, I have really enjoyed reading Critter Corner over the years. The pets at the Farr Law Firm sure are knowledgeable about things related to aging, elder law, estate planning, and special needs planning. I was wondering if you and some of … [Continue reading]
Parenting Your Parents: When They Won’t Accept Help
Allison's 80-year-old mother, Roberta, is a homemaker who raised four successful children. When her children were younger, her husband worked late and traveled a lot for his job, so she did everything from cooking dinner, helping with homework, and … [Continue reading]
SECURE Act is Signed into Law: Five Ways it will Change Retirement
Q. I heard that the Setting Every Community Up for Retirement Enhancement (SECURE) Act was recently signed into law and that it includes taxpayer-friendly measures designed to boost retirement savings. What are some of the ways the SECURE Act affects … [Continue reading]
Higher Gift Tax and Estate Tax Limits For 2020
Dear Angel, We have a few more days left in the year to make gifts but we may hold off until next year. I heard the gift tax and estate tax limits went up for 2020. What will they be for the coming year? Will they stay that way with the election … [Continue reading]
Happy Holidays from the Farr Law Firm
Be Careful Who You Choose as Your Trustee
Q. One of my top priorities for 2020 is to get my estate planning documents in order. Before doing so, I plan to discuss my wishes with family members over Christmas, although as a single woman without children, I don’t have too many of them. I … [Continue reading]
How to Broach the Topic of Estate Planning During the Holidays
Dear Rune, We are hosting Christmas dinner this year and the entire family will be there. While we are all in one place, I was thinking it would be a good time to talk about estate planning and incapacity planning. What is the best way to broach … [Continue reading]
Alternate Endings: Six New Ways to Die in America
Attitudes about death and end-of-life choices are rapidly changing in America. As the baby boomer generation is aging, more and more people are rethinking the ways end of life is recognized and are deciding to take control of what will happen when … [Continue reading]
Breakthroughs in Alzheimer’s Research from the Past Year
Q. It seems like there’s a new Alzheimer’s “breakthrough” almost every day. My husband and I often follow the headlines and in our attempt to pull together the true, reputable research, we have seen everything from the relationship of drinking coffee … [Continue reading]
Current Tests for Alzheimer’s Disease
Dear Magic, After spending 30 minutes hunting for her car the other day in a parking lot and leaving the oven on in another instance, my mom thinks it’s time to ask her doctor for an Alzheimer’s test. I remember when my dad got tested a few years … [Continue reading]
Surprise Medical Bills May Become a Thing of the Past
Freya (80) had chest pains, a hacking cough, and a high fever when she was visiting her son, Andy. An ambulance was called and she was rushed to a hospital in her health plan’s network. As she headed home after a week's stay to continue her recovery, … [Continue reading]
Elder Index Measures the True Cost of Retirement
Q. My husband and I plan to retire in the next 5-10 years. We’ve been saving, but we’re not sure we have enough to retire comfortably. Is there any one place to look at all of the costs of retirement to figure out how much we will really need to … [Continue reading]
Caregivers and Planning for Retirement
Dear Bebe, I stopped working full time when I was 45 to begin caregiving for my mother and it's been fifteen years now. I have worked part time jobs here and there, but I have nothing that’s going to provide me any type of pension income (other … [Continue reading]
National Volunteer Program Will Help Seniors Age-in-Place
Evelyn lives on her own in her one-story family home in Vienna, VA. Her family visits when they can, but with work and the grandchildren’s sports schedules, it’s not nearly enough. Evelyn often feels lonely and could use some companionship once in a … [Continue reading]
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