We all dream of the day when our child or grandchild is accepted to college. From the time he or she is diapers, we begin planning for great things. We drive them to soccer, gymnastics, and music lessons in hopes that they are … [Read more...]
Virginia 529 Prepaid Education Plan Limited Time Open Enrollment: Plan Ahead for Your Child or Grandchild
New PBS Documentary — “The Genius of Marian” — Explores How Alzheimer’s Runs in Families
Pam White and her son, Banker, by Marian Williams Steele. Many people fear that Alzheimer's disease in the family may be passed on to children and grandchildren. According to the Alzheimer’s Association, research has shown that … [Read more...]
“Hide” is a Four-Letter Word
Q. I read in USA Today about an 83-year-old man who hid $1.1 million in offshore accounts to avoid paying taxes. I have also read about others who attempt to hide their assets to qualify for Medicaid, as a way to pay for long-term … [Read more...]
New Reverse Mortgage Rules are in Effect this Week
Q. My husband, Rick, and I are considering moving after a stroke limited his mobility, because our home is not completely accessible for him. However, our house is in good repair, completely paid off, and in close proximity to our … [Read more...]
Common Misconceptions about Revocable Trusts
Recently, CNBC posted an article on their Website about the benefits of trusts, entitled “Heir Tight: The Do’s and Don'ts of Creating Rock-Solid Trusts.” The article provides some very good information about why most people should … [Read more...]
Is Alzheimer’s in Your Future?
An estimated 44 million people live with Alzheimer's disease worldwide, and the global economic costs total $604 billion, according to Alzheimer’s Disease International. It is estimated that by 2050, the number of people living … [Read more...]
Planning for Long-Term Care (Part 5)
The Veteran's Aid and Attendance Pension Benefit The best advice that I can give you when planning for long-term care is not to delay. We never know what the future holds. While we are able, we must prepare for a variety of … [Read more...]
Planning for Long-Term Care (Part 4)
The most important thing that you can do in planning for future contingencies is to act now. The future may hold limited resources or health problems for you and either one of these may prevent you from taking care of the things … [Read more...]
Planning for Long-Term Care (Part 2)
"Long-Term Care" refers to the broad spectrum of medical and support services provided to persons who have lost some or all capacity to function on their own due to a chronic illness or disabling condition, and who are expected to … [Read more...]