Last Updated: 10/28/2009 10:45:01 AM Everyone has heard the terms “will” and “trust,” but not everyone knows the differences between the two. Both are useful estate planning devices that serve different purposes, and both can work together to create a complete estate plan. One main difference between a will and a trust is that Read Full Article
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Last Updated: 10/27/2009 1:34:52 PM Vaughn E. James. The Alzheimer’s Advisor: A Caregiver’s Guide to Dealing with the Tough Legal and Practical Issues. AMACOM. New York, NY. 2009. 300 pages. $14.96 from Amazon (click on book to order) Caring for a family member with Alzheimer’s disease is complicated enough, but often overlooked are the Read Full Article
Last Updated: 10/19/2009 3:28:06 PM The Internal Revenue Service has announced the 2010 limitations on the deductibility of long-term care insurance premiums from taxes. For the first time, the maximum deductible limit for an individual exceeds $4,000. Premiums for “qualified” (see explanation below) are tax deductible provided that they, along with other unreimbursed medical Read Full Article
Last Updated: 10/28/2009 10:34:11 AM If you are over 65 and preparing to move to another county or state, be sure to add “check Medicare plan” to your to-do list. You need to make sure your Medicare plan will still be in effect after you move. Whether or not your policy will be valid Read Full Article
Last Updated: 6/15/2009 10:18:30 AM Would you pay $60 for something you could get for as little as $1 and probably don’t need at all? A company called National Deed Service is hoping to persuade homeowners to part with the extra cash to purchase a “certified copy” of the deed to their home. Officials Read Full Article
Last Updated: 6/23/2009 4:59:40 PM Robert Mauterstock Jr. Can We Talk? A Financial Guide for Baby Boomers Assisting Their Elderly Parents. Soar with Eagles. Rogers, AR. 2008. 131 pages. $20 from Amazon (click on book to order). Although talking to your parents about money can be difficult, not discussing finances now could mean more Read Full Article
Last Updated: 6/23/2009 4:22:19 PM Hospitals often give patients a health care proxy form to sign on being admitted. While it might seem easy to sign a generic health care proxy form, having a document that is specifically tailored to your needs is important. A health care proxy allows you to appoint someone else Read Full Article
Last Updated: 10/27/2008 What will happen to your estate if your primary beneficiary does not survive you? If your will does not name an alternate beneficiary, your estate will be divided according to state law. The way the state divides your estate may not agree with your wishes. Your money may go to someone Read Full Article
Last Updated: 6/26/2008 You may feel that you have given one child more during your life, so he or she should get less in your will. Or you may want to cut out an heir altogether. Whatever the reason, disinheriting a close relative–especially a spouse or a child–can be complicated. It may not be Read Full Article
Last Updated: 10/6/2008 Joseph Roubicek. Financial Abuse of the Elderly: A Detective’s Case Files of Exploitation Crimes. Ruby House Publisher. 2008. 161 pages. $13.05 from Amazon (click on book to order) Although elderly individuals are often the victims of fraud, there is another type of financial abuse that is more difficult to prosecute. This Read Full Article