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.…
As the COVID-19 pandemic continues, advance care planning and directives become more important than ever. Responses to vaccinations and understanding their efficacy, reinfection potential, and long-haul symptoms resulting from COVID-19 continue to baffle our scientific understanding. It appears the coronavirus…
Even though it can be a sobering experience to have frank and open discussions about your mortality with your family, you should do it nonetheless. No one relishes the thought of their demise, and yet with forethought, you can ensure…
The coronavirus (COVID-19) pandemic has left us confused and worried. The senior population has been identified as the most at-risk demographic for COVID-19. Information coming out about COVID-19 is very fluid, which can also contribute to overall stress. Thankfully there…
When I am gone, I would like to leave my bank accounts to my children. Can’t I just make the children joint owners? That idea sounds better than it actually is. Yes, you would avoid court proceedings when you pass.…