Greta was very close with her in-laws, and often referred to them as “the parents she never really had.” When her father-in-law, Chuck, started to show signs of dementia, she stepped in immediately to help. For as long as Greta … [Read more...]
Major Carriers of Long-Term Care Insurance are Exiting the Market
According to a recent report by the Office of the Assistant Secretary for Planning and Evaluation (ASPE) and the U.S. Department of Health and Human Services (HHS), changes in the Long-Term Care (LTC) insurance market, including … [Read more...]
Ask the Expert: Gifting and the New Gift and Estate Tax Exclusion Numbers
Q. My son, Eric, recently got married to Jennifer, and my mother, Olivia, would like to give them a gift of $10,000 for their nest egg. She also has a history of giving small monthly gifts to the animal shelter. If my mother … [Read more...]
Social Security Recipients to Get 1.5% More in 2014
Nearly 63 million Americans receive either Social Security or Supplemental Security Income (SSI) benefits. In 2014, these recipients will see their benefits rise 1.5%, thanks to annual cost-of-living (COLA) adjustments. Beginning … [Read more...]
New Guides Available for Financial Caregivers
There may come a time when a loved one entrusts you with his or her financial business, by way of a Power of Attorney, designating you as his or her agent (also called attorney-in-fact). As an agent, your role is to manage your … [Read more...]
November is Long-Term Care Awareness Month: A Time to Plan Ahead
November is Long-Term Care Awareness Month, a time for families to educate themselves and prepare for potential long-term care needs. Planning ahead for long-term care better prepares families to live well in their later … [Read more...]
Estate Planning Mistakes: Widower’s Home is Now Owned by his Stepchildren
In 1982, William Irish married Janet Warnshuis, a widow who had 3 children from her prior marriage. In 1987, the couple purchased a home together in Corry, Pennsylvania. Both William and Janet contributed towards the purchase … [Read more...]
Now this is SCARY- Filial Responsibility Part 2
Ruth and Earl Linderkamp, parents of Dawn Herrmann and Elden, Louis, Carl, Gene, and Dennis Linderkamp, resided in Four Seasons Healthcare, a nursing home in Forman, ND from 2006 until they died in 2009 and 2010, respectively. In … [Read more...]
Ask the Expert: Staying Eligible for Medicaid after the Death of a Spouse
Q. My mother, Rose, is a Medicaid recipient who has been in a nursing home for the past eight months due to Alzheimer’s. My father, William, has been living in the home where he and my mother lived for over 25 years in … [Read more...]
Many Americans Don’t Ever Expect to Retire
When it comes to retirement, many Americans expect that they will never be able to afford to retire fully. In fact, a new Wells Fargo study cited in USA today found that 37% of people expect to work until they are too sick or die, … [Read more...]
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