Dear Raider, I’m in my 20’s and have never thought about estate planning. My older sister recently told me at a family gathering that she has her estate planning documents in place. I don’t understand why she would want to do this at such a young … [Continue reading]
Is Retirement Good or Bad for Your Mental Health?
Retirement is supposed to be one of the best times in your life. You’ve worked for so many years to finally reach this point, and now you can relax and enjoy your time with family and friends. You can move to a warmer climate if you prefer, sleep in, … [Continue reading]
How Are Taxes Filed if One Spouse is on Medicaid and the Other Spouse Has an Irrevocable Trust? And Does Getting Social Security Change How Taxes Get Filed?
Q. Thank you again for working with our family last year to protect our parents' assets, get our father approved for nursing home Medicaid, and set up an irrevocable Living Trust Plus for our mother. Now that it's tax time, we have numerous … [Continue reading]
What Tax Deductions Should Seniors Know About this Year?
Dear Kiwi and Mango, We are filing our taxes this weekend. Are there any special tax deductions we should be aware of for seniors for the 2023 tax year? Thanks for your help! Dee Duxshuns --- Dear Dee, Many seniors are missing out on … [Continue reading]
Jay Leno Files for Conservatorship Over His Wife’s Estate
TV icon Jay Leno and his wife, Mavis Leno, have been married for 43 years — and by all accounts they are still in love. Mavis, 77, suffers from dementia, and according to a recent court filing, she has been “progressively losing capacity and … [Continue reading]
The Darker Side of Medicare Advantage Plans
Q. Last year, during the Medicare Open Enrollment Period, my wife and I saw a commercial on television for a Medicare Advantage (MA) plan that sounded almost too good to be true. The company seemed reputable, so we took the claims for better prices … [Continue reading]
More than Half of Adults are Unprepared, Confused, and Anxious about Long-Term Care
Dear Angel, I follow Mr. Farr’s newsletter and understand the need to plan in advance for long-term care, since it’s only getting more expensive. Others I know do not see this as a priority. Is the lack of preparation in advance for long-term care … [Continue reading]
Coping with the “Transfer Trauma” of Moving a Loved One
Rachel, a caregiver for her mother who is in the early to mid-stages of dementia, is on the emotional roller coaster of moving her mom to an assisted living facility. It’s taking quite a toll on her and her mother, because Rachel’s mom has strongly … [Continue reading]
Does Tai Chi Boost Your Memory?
Dear Hayek, A friend of mine does tai chi once a week because she says that it is good for boosting memory. If this is the case, I will sign up myself! Do you know of any research to corroborate her claim? Thanks for your help! Ty … [Continue reading]
Could Forgetfulness and Disorganization in Seniors Be ADHD, and Not Mild Cognitive Impairment?
Q. Lately, I’ve become quite forgetful and have been struggling with paying attention to things, impulsivity, and an inability to plan as well as I used to. When I think of cognitive impairment, I think of short-term memory loss, and that doesn’t … [Continue reading]
Amazing, Innovative Senior Tech that Was Spotlighted at CES 2024
Each year, the Consumer Electronics Show (CES) provides us with amazing demos and concepts, including technology specially designed for seniors and caregivers. The technology showcased this year (Jan 9-12, 2024) to help seniors and those with … [Continue reading]
Does the Corporate Transparency Act Apply to Trusts?
Q. My wife and I recently acquired a rental property and are considering forming an LLC this year and exploring any other options, such as trusts. I heard that the Corporate Transparency Act went into effect on the first of the year and that there is … [Continue reading]
What Do I Need to Do to Comply with the Corporate Transparency Act?
Dear Kiwi and Mango, I have an LLC that owns a rental property. I understand that I need to submit beneficial ownership information (BOI) to the US Department of Treasury's Financial Crimes Enforcement Network (FinCEN), per the Corporate … [Continue reading]
What Are the “Big Five” Personality Traits that Can Contribute to Dementia Risk?
Roxanne is 76 and recently started hiking and swimming with fellow enthusiasts from different generations. David, a retired attorney in his 80s, got bored and went back to school and studied for his CPA. He works for a few months a year, helping … [Continue reading]
How Can Alzheimer’s Drugs Get to the Brain Faster?
Q. My sister is in the early stages of Alzheimer’s, and she may be a candidate for the drug Leqembi, to help slow down the progression. I read that a way to expedite the process and get Alzheimer’s drugs to the brain quicker was recently introduced. … [Continue reading]
How Can I Maintain and Improve My Cognitive Function in 2024?
Dear Raider, One of the things that I want to do in 2024 is to take actions to stave off dementia and improve my cognitive functioning, as much as I possibly can. What are some things I can do to make this New Year’s resolution … [Continue reading]
Our Top 23 Articles of 2023
Happy New Year! As our loyal readers know, we’ve covered a lot of ground in 2023. From incredible technological advances involving artificial intelligence to new diagnostic methods and treatments for Alzheimer’s and Parkinson’s, technology continues … [Continue reading]
Can Dementia Patients Relearn Day-to-Day Tasks?
Those with dementia still have the ability to learn new things and relearn tasks they once knew how to perform. This is the conclusion of a doctoral thesis by Swedish scientist Elias Ingebrand, who hopes to debunk the general belief that people with … [Continue reading]
Supported Decision-Making for Individuals with Intellectual or Developmental Disabilities
What Is Supported Decision-Making? Almost all adults ask friends, family members, or coworkers for ideas and advice on a regular basis. Any time you need to make a decision, and you want help to better understand your choices, you can turn to … [Continue reading]
Will My Mother Face Financial Ruin Paying for a Nursing Home?
Q. My mother has Parkinson’s, and it is progressively getting more difficult for her to do things on her own. She has fallen several times and is having trouble swallowing. We have an aide who comes to help her, but this level of care likely won’t be … [Continue reading]
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