fbpx
October 2022 newsletter addresses care plans, finances in later life

October 2022 newsletter addresses care plans, finances in later life

Earlier today, we released our October 2022 newsletter. If you did not receive it by email, please see the below link to open it from our website. Again this month we present three articles, and all three should be of interest to our Elder Care and Estate Planning...
‘The forgotten middle’: More seniors face housing, care crisis

‘The forgotten middle’: More seniors face housing, care crisis

Seniors who have an income above the Medicaid threshold but lack a high enough income to have substantial personal savings are considered “The Forgotten Middle.” These are elders who are more likely to struggle to afford long-term care that may become necessary as...
Miller Trusts can help you qualify for Medicaid

Miller Trusts can help you qualify for Medicaid

Many seniors find themselves in need of Medicaid to pay for their long-term care but are surprised to learn that their modest monthly income may disqualify them. The reason for this is that Medicaid is a “means-tested” benefit. In other words, you must not have income...
Long-Term Care Deductibility for 2022 Looks Familiar

Long-Term Care Deductibility for 2022 Looks Familiar

The Internal Revenue Service (IRS) has announced the amounts taxpayers of different ages can deduct from their 2022 income as a result of buying long-term care insurance, and the deductibility figures are almost the same as in 2021. Many types of medical expenses are...
Online Survey Helps Assess Seniors’ Financial Vulnerability

Online Survey Helps Assess Seniors’ Financial Vulnerability

All older Americans are vulnerable to financial abuse, but there are certain circumstances that make someone more likely to be scammed. An online survey can help older adults (or their caregivers) assess their risk of being exploited based on how they make financial...