Article Category General Articles Page 21

  Last Updated: 2/24/2009 When creating an estate plan, an important decision is who to name as your fiduciary. A fiduciary is a fancy legal term for the person who will take care of your property for you if you are unable to do it yourself, such as the executor of an estate, the trustee Read Full Article

  Last Updated: 10/31/2008 Below is compilation of Medicaid, Medicare, Social Security and other figures for 2009 that are of interest to the elderly and their families. Medicaid Spousal Impoverishment Figures for 2009 In 2009, the spouse of a Medicaid recipient living in a nursing home (called the “community spouse”) may keep as much as Read Full Article

  Last Updated: 2/3/2009 If for any reason, you become unhappy with the person you have appointed to make decisions for you under a durable power of attorney, you may revoke the power of attorney at any time. There are a few steps you should take to ensure the document is properly revoked. While any Read Full Article

  Last Updated: 11/17/2008 By Sue Woodman The story is the same across the country: the combination of a tough economy, rising food and fuel prices, and strained social services are causing dramatically higher numbers of elderly to seek out free food programs. In big cities like New York, the numbers showing up for free Read Full Article

  Last Updated: 11/7/2008 By Mark Miller, RetirementRevised.com Barack Obama’s hair turned a little gray during his 20-month quest for the presidency but he’s hardly the only one showing some age. President-elect Obama will lead a country that is aging rapidly as the huge baby boomer generation heads toward retirement. By the year 2030, there Read Full Article

  Last Updated: 10/17/2008 The annual gift tax exclusion will increase from $12,000 to $13,000 effective January 1, 2009, the Internal Revenue Service (IRS) has announced. The gift tax exclusion is the amount the IRS allows a taxpayer to gift to another individual without reporting the gift. The increase means that more can be given Read Full Article

  Last Updated: 11/4/2008 If you or a family member lives in an assisted living facility, you know that assisted living costs continue to rise every year. But did you know some of those costs may be tax deductible? Medical expenses, including some long-term care expenses, are deductible if the expenses are more than 7.5 Read Full Article

  Last Updated: 10/6/2008 It’s being called the greatest shock to the U.S. financial system since the Great Depression. With major brokerage houses and insurers going under and Wall Street gyrating wildly, many are wondering if there is any safe place to put their money and what, if any, investment moves they should make. In Read Full Article