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How to Take Care of Your Elderly Parents

How to Take Care of Your Elderly Parents

There is nothing you can do about aging, and it affects everyone in your family. It can be challenging for adult children to imagine their parents as seniors and to understand and respond to the reality that each parent will…

Special Needs Trusts and ABLE Accounts: A Comparison

Special Needs Trusts and ABLE Accounts: A Comparison

People with disabilities can save money tax-free through special needs trusts (SNT) and Achieving a Better Life Experience accounts (ABLE). Both options provide a mechanism for saving money and protecting resources that ensures the person with a disability (PWD) continues…

How to Manage Someone Else’s Social Security or Veteran’s Benefits

How to Manage Someone Else’s Social Security or Veteran’s Benefits

In order to help Roberto manage his Social Security benefits, you have been assigned to assist him. In the Social Security system, you’ll be called Roberto’s “representative payee.” The situation is similar if you’re appointed to help your elderly father,…

Choosing the Right Care For Your Aging Loved Ones

Choosing the Right Care For Your Aging Loved Ones

According to sources, long-term care facilities are underfunded by government agencies. They lack the resources to do proper inspections of residential health facilities. You may have seen the rating system provided by the Centers For Medicare and Medicaid Services (CMS).…

Powers of Attorney and Legal Age of Majority

Powers of Attorney and Legal Age of Majority

It may be difficult to imagine that your child who once needed you for everything has suddenly become an adult when he reaches 18 (depending on the state). Now they are free to vote, marry, apply for a credit card,…

What Is the Difference Between a Will and a Trust?

What Is the Difference Between a Will and a Trust?

There are specific and quite different benefits to wills and trusts in relation to estate planning. Each state has specific laws and regulations governing these legal documents. You can have both a will and a trust; however, the information in…

A Child’s Inheritance in a Will

A Child’s Inheritance in a Will

There is a situation few of us care to think about when we are considering transferring our property to our children. What should happen to our property if our children die before us? I read that when making a will,…

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