At first glance, life insurance may not seem to have any bearing on how assets are distributed in your estate plan. However, life insurance can be an integral, indispensably important part of a well-thought-out estate plan. There are numerous other…
As the population ages, most Americans want to remain living in their homes and in their communities as long as possible. As a result, many homeowners are taking steps to modify their homes so they will be able to safely…
It's well known that exercise and physical activity benefit people of all ages, but their importance increases with age. Regular exercise and physical activity can help you to: Maintain or improve physical strength and fitness; Continue to do daily activities…
For nursing home care, assisted living, in-home care, or adult foster care, individuals must meet the income and asset requirements of the Medicaid program. As a result of these rules, many candidates give away their money and resources to qualify.…
You have been asked to be trustee for the trust created by your friend Rose. You would be managing Rose’s property for her and for others whom she names as beneficiaries. You might be paying her bills and taxes, overseeing…
COVID-19 restrictions and associated layoffs account for some unemployment increases, but so does the lack of employment opportunities among older Americans. A coexisting challenge in the US is that senior living facility operators struggle to retain a reliable workforce to…
Medicaid is a federal and state program that helps people meet certain asset requirements pay for long-term care (LTC). Long-term care often creates devastating financial impacts on Americans, particularly the elderly, and for those family members who lose hours of…
The number of Americans using digital apps on their smartphones and tablets is greater than ever before. Whether engaging in online banking, using a mobile plane boarding pass or creating work calendars shared in the cloud, the internet of things…
There are costly mistakes that can be made when it comes to inheritances and Medicaid. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully to minimize…
As a result of the coronavirus pandemic, Americans face risks that extend beyond becoming infected with COVID-19. If you are close to retirement age and recently lost your job, there is a good chance you may not find work again.…