Q. My mother named me and my brother as co-trustees of her Revocable Living Trust. She passed away earlier this year in her home town of Abingdon, VA (near the Tennessee border), where my brother still resides. Since then, when it … [Read more...]
Ask the Expert: Can Banks Refuse to Accept a Power of Attorney?
Q. My cousin's parents executed a Power of Attorney naming her and her sister as co-agents. My aunt is now deceased. My uncle, who has dementia, is owner of an investment portfolio with monthly dividends being automatically … [Read more...]
When Loved Ones Aren’t Permitted to Visit
Peter Falk and his daughter, Catherine. (from dalje.com) Jane and Maria are sisters who haven't spoken in ten years due to a disagreement over their mother's care. Jane was a caregiver for her mother, Millie, and served as her … [Read more...]
$10,000 a month! Why don’t they take it seriously?
Q. My parents are in their 70's and I am a caregiver for them, while working part-time and raising a family. My father has had Parkinson's for fifteen years and is no longer mobile. My mother is in the early stages of Alzheimer's. … [Read more...]
Virginia Becomes First State to Approve ABLE Act
Virginia Governor Terry McAuliffe Signs ABLE Act into Law (Source: NBC 29) Q. Our son, Jeff, has autism spectrum disorder and will likely need assistance throughout his lifetime. We are looking for ways to save for his … [Read more...]
If You’re A Caregiver. . . A Proper Contract is a MUST!
E.A. lived with her daughter, B.C., who was her caregiver from 2004 until 2012. They entered into a care agreement, in which E.A. was to make regular monthly payments to her daughter in exchange for room, board, and caregiving. … [Read more...]
Strong or Vulnerable? Social Security in its 80th Year
For 80 years, Social Security has been protecting American families from both expected and unexpected challenges. Last week, the Social Security Board of Trustees released its annual report to Congress, which projects that Social … [Read more...]
What Happens When Caregivers Are Too Sick To Perform Their Duties?
Q. I am a caregiver for my husband, Ed, who has had Parkinson’s disease for fifteen years. While fully coherent, his physical capabilities have been greatly reduced. Confined mainly to a wheelchair, he requires my help to dress, … [Read more...]
Highlights from the White House Conference on Aging
Photo from Whitehouse.gov This past Monday, on the cusp of the 50th anniversary of the creation of Medicare and Medicaid and the 80th anniversary of Social Security, the once-a-decade White House Conference on Aging was held. … [Read more...]
Virginia’s New Privacy Expectation Afterlife and Choices Act Protects Digital Assets
Picture from Huffington Post. Kathleen's sister, Marie, was very tech savvy and enjoyed all that social media has to offer. She tweeted every day about books she was reading and news stories of interest, posted quilting … [Read more...]
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