Even if you have a long-term care insurance policy, you may likely be hoping that you won't ever have reason to use it. Regardless of what the future holds, there's one silver lining of which you may not be aware. That is, premiums on many long-term care insurance policies are in fact tax-deductible.
As they grow older, your parents may prefer to continue living in their home rather than moving to a long-term care facility. They are not alone in this; more than three-quarters of adults over the age of 50 say they would prefer to age in place.
With difficult economic times, we also experience an unfortunate increase in elder abuse. Financial exploitation takes many forms. Those include taking money or property, forging an older person’s signature and getting an older person to sign a deed or will…
Last week we tragically lost an entertainer who played a major role in the lives of many. Usually when a celebrity dies I read about how their estate plans went awry and how they did everything wrong, but today I…
After a loved one dies, there are many issues which need to be addressed to wrap up the person’s legal and financial affairs. The following is a checklist of issues to consider: The funeral home should take care of providing…
When your parents die, you are the one who will be responsible for taking care of everything they leave behind. My dad died when I was in law school and even though my mom was still living, ensuring that his…
One question I'm asked over and over again is "What Kind of Legal Documents Does Everyone Need?" This is a question I both love and hate. And, I thought I'd answer it once and for all here. Historically, estate planning has…