Article Category General Articles Page 16

  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

  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: 10/30/2008 How can you ensure that your special needs child will remain well cared for and secure once others assume the role of guardian or caregiver? While creating a financial plan and establishing a specialized trust are central to preparing for your child’s future, special needs planners also advise families to write Read Full Article

  Last Updated: 10/31/2008 The recently passed Emergency Economic Stabilization Act of 2008 (aka “the bailout bill”) temporarily raises the basic limit on federal deposit insurance coverage (FDIC) from $100,000 to $250,000 per depositor. The legislation provides that the basic deposit insurance limit will return to $100,000 after December 31, 2009. The rise in insurance Read Full Article

  Last Updated: 10/27/2008 Anthony Steuer. Questions and Answers on Life Insurance. iUniverse, Lincoln, NE. 2007. 464 Pages. $22.45 from Amazon (click on book to order). Deciding which type of life insurance to purchase can be a confusing process. Term life? Variable life? Whole life? Universal life? What do these terms mean and which option Read Full Article