In order to ensure the well-being of your loved one in a nursing home, it is crucial to advocate for them. Residents in nursing homes and other long-term care facilities are disproportionately affected by the flu, pneumonia, COVID 19, and…
You might visit a podiatrist or shoe repair shop. It is likely that the business owner or service provider is over 55. You are witnessing what the statistics show. Older workers dominate some professions. In addition, more Americans are working…
Asset transfers from one person or estate to another are taxable events, according to the Internal Revenue Service. These taxes are often referred to as gift taxes and estate taxes. They include any asset such as cash and property. The…
According to the Centers for Disease Control and Prevention, one in five senior falls leads to serious injuries. Injuries of this sort can make life difficult for an older person to do everyday activities or live on their own. Half…
For estate planning, wills and trusts offer specific and quite different advantages. Each state has specific laws and regulations governing these legal documents. You can have both a will and a trust; however, the information in each should complement the…
As a result of current inflationary pressures, many US seniors are experiencing financial insecurity. Aside from cutting back on unnecessary expenses, many retirees or near retirement individuals should look to existing government programs to possibly qualify to receive assistance and…
Children usually inherit money or property equally from their parents. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could be that a child who is more…
Sadly, seniors can be susceptible to financial abuse and scams. It is unfortunate that seniors are particularly prone to financial abuse and scams. Sadly, the elderly are often taken advantage of by strangers — and sometimes even their own family…
Many people's finances have been on a roller coaster ride over the past few years due to economic turmoil. Many businesses shut down or reduced their business in 2020, which resulted in a high rate of under and unemployed workers.…
The protection of government benefits for a child with special needs requires careful planning when leaving behind assets. It is also important to protect those assets against later claims after your death and, in some cases, during your lifetime, for…