Maddie was asked by her mother to assume the role of agent under her Power of Attorney, entrusting her to act on her mother's behalf and to place her mother's interests ahead of her own when the time comes. Maddie lives the closest to her mother and … [Continue reading]
How to Protect Yourself from Medicare Fraud
Dear Magic, Our neighbor was a victim of Medicare Fraud. I would hate for the same thing to happen to me or a loved one. What should I look out for and how can I protect myself? Pratekt Yorselff —- Dear Pratekt, Even though Medicare cards … [Continue reading]
2019 Medicare Changes: New Elder Care Services May Be Added to Some Medicare Advantage Plans
Q. I read somewhere that lots of changes are on the horizon for Medicare Advantage plans in 2019. What are some of the new services being added, and when will I have an opportunity to change to a different plan that has more of what I need next year? … [Continue reading]
How Can You Reduce Your Capital Gains Taxes?
Diane, at age 80, resides in the home she has lived in for nearly 40 years. When she initially purchased the home after her husband’s death, it cost only $25,000 (and she since put in $45,000 in improvements); today it’s worth at least $675,000. … [Continue reading]
Should You Talk About Death During the Holidays?
I saw the following quote on Facebook today, and it really resonated with me. It made me think about my own mortality and about my loved ones, who I will be seeing during the holidays: "None of us are getting out of here alive, so please stop … [Continue reading]
End-of-Life Conversation Resources
Dear Angel, I was hoping to talk about end-of-life wishes with my parents over the holidays. Do you know of any resources that would be helpful to guide me in starting the conversation? Thanks for your help! Weir Tobeegin —- Dear … [Continue reading]
Dementia Directives: Making Your Voice Heard When You Can No Longer Remember
Worldwide, around 50 million people have dementia, and there are nearly 10 million new cases every year. At that rate, in 2050, it is estimated that the number of people living with dementia will increase to more than 130 million. Alzheimer's disease … [Continue reading]
Passing Along Your Values Along with Your Valuables
Q. My wife and I are approaching retirement, and we are updating our estate planning documents. We read something about writing a legacy letter along with our estate planning, where we leave more than material things to our children and grandchildren … [Continue reading]
Should new Virginia residents Update their Out-of-State Estate Planning Documents?
Dear Ernie and Janette, I recently moved to Northern Virginia from Florida to be near my children and grandchildren. Although I really miss the warmer weather, I adore having family close by. I went to an estate planning attorney when I was in … [Continue reading]
Technology to Help Alzheimer’s Patients Age-in-Place Longer
According to the World Health Organization, 50 million people world-wide are living with Alzheimer's and other dementias. As researchers continue their tireless efforts to find a cure, technology for Alzheimer's is helping people affected by the … [Continue reading]
Should I Hire a Geriatric Care Manager or a Patient Advocate?
by Carol Marak, Seniorcare.com A Patient Advocate can assist anyone of any age – not limited to someone who is elderly, or at least over a ‘certain age,’ as a geriatric case manager would be. A Geriatric Care Manager does not focus strictly on … [Continue reading]
We’ve Been Nominated for Best Legal Blog — Please Vote for Us!
Thank you so much for continuing to follow and read our blog! We are excited to announce that our blog has been selected to compete in The Expert Institute’s Best Legal Blog Competition! From a field of hundreds of potential nominees, Farr Law … [Continue reading]
Is the Charitable Tax Deduction Gone for 2018?
Q. I give to charities every year during the holiday season. However, I’m concerned about the ramifications of doing so this year with the new tax law. Can I give as I usually do and take tax deductions, or is there something different I should … [Continue reading]
Taxes in the DMV Area For Retirees
Dear Bebe, My husband and I live in our family home in Northern Virginia, and are both recently retired. What state exemptions and deductions are available for retirees? Could you also tell me about Maryland and DC, since we have family and … [Continue reading]
Why Am I Left in the Waiting Room?
Patricia Hardy Johnson was the mother of three daughters: Kathy Wolens, Deirdre Mistri, and Carol Alexander. Prior to her death, Patricia Johnson maintained several investment accounts with Citibank worth nearly $850,000 that were managed by Morgan … [Continue reading]
Veterans Benefits for Alzheimer’s and Dementia
Q. I read that Veterans who experienced brain trauma in the course of their service are at a 60% higher risk for developing dementia, while those who have experienced PTSD are twice as likely. My father is a Vietnam Veteran who suffers from PTSD. … [Continue reading]
Resources for Veteran’s with Dementia
Dear Magic, My mother is a veteran who has dementia and I will be her main caregiver. Do you know of any resources that can help me better understand veterans and dementia and provide tips for me in my new caregiver role? Thanks so much! Hal … [Continue reading]
Will You be a Financial Burden to Your Adult Children?
Lois has a long history of money mismanagement, but she’s gotten much better about saving money as she’s gotten older. When her mother died, Lois inherited a modest sum, and was quite disciplined with the money. She didn’t buy the shoes she wanted or … [Continue reading]
Estate Planning for Every Stage of Life
Q. I am a middle age divorcee who lives in a condominium complex with people of all ages, some who rent and others who own. My next door neighbors are a 60-year-old couple who have been married for 35 years, and on the other side of me is a single … [Continue reading]
What Should I do with my Valuable Collectibles?
Dear Ernie and Jannette, I have a huge collection of clown dolls that I haven't had appraised, but I know are worth a lot based on Internet research. My adult children don't want them because my grandchildren think they look creepy. How should I … [Continue reading]
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