Executive Order Helps Caregivers with Long-Term Care
President Joe Biden on Tuesday signed an executive order in the Rose Garden that issues more than 50 directives across nearly every Cabinet-level agency in an effort to expand access to long-term care and childcare.
Don’t Delay Advance Directives
Some people think that, because their assets are jointly owned with a spouse or are in a trust, they do not need a Power of Attorney, or that if they become incapacitated, their spouse automatically has the authority to make medical decisions on their behalf.
Should I Spend Assets, so Spouse’s Nursing Home Stay Is Covered by Medicaid?
My spouse is going to have to move to a nursing home. When spending down assets for the sick spouse to qualify for Medicaid, does it have to be done before sick spouse is sent to a nursing home or can it be done even after the sick spouse is admitted to a nursing home?
How Should I Handle Memorabilia in My Estate Planning?
Memorabilia collections, by their nature, are specialized and unique. When considering your estate planning, it’s important to think about what you require of your beneficiaries — if you’re not planning on selling your collection — and how you can make that process as easy as possible for your family. What will your spouse or children have to deal with as they dispose of the items?
What are Medicaid Spousal Impoverishment Numbers in 2023?
The Centers for Medicare and Medicaid Services (CMS) has released the 2023 federal guidelines for how much money the spouses of institutionalized Medicaid recipients may keep.
Retirees Burdened with Debt: What’s the Most Common?
Talk to just about any financial adviser, and they will urge you to enter retirement without debt. However, while a goal of beginning your golden years in the black is laudable, the reality can be very different.
Does Mediterranean Diet Reduce Dementia Risk?
Following a well-balanced diet that’s rich in fruits and vegetables and low in sugar can have many benefits to your health, including reducing a person’s risk of dementia. However, a popular and well-recommended meal plan known as the Mediterranean diet may not lower the odds of developing dementia as previous research had suggested.
Can Long-Term Care Insurance Premiums Be Deducted from Taxes?
Long-term care insurance can be an important part of planning for the twilight of your life.
What Do Seniors Say About Aging in Place?
For all the pain and disruption caused by COVID-19, at least one benefit appears to have come out of the pandemic for seniors: Their confidence about aging in place has soared!
What Is the Purpose of a Pet Trust?
Many well-off pet owners have left millions of dollars to their cats, dogs and even chickens—perhaps most notoriously Leona Helmsley, who left US$12 million when she died in 2007 to her white Maltese dog Trouble.
