Effective September 30, 2024, a new Social Security Administration rule is likely to allow more elders to qualify for Supplemental Security Income (SSI). Some current SSI recipients may see an increase in their monthly benefit amount.
What would happen if you became seriously ill or injured and were no longer able to make your health care decisions? A living will can outline your wishes so your loved ones can make informed decisions about your care in an emergency.
Older adults lose an estimated $20 billion each year from financial abuse by family, friends, and caregivers. In many cases, the perpetrators of elder financial abuse are not strangers but trusted individuals, often family members.
In general, the probate process moves quickly if the estate has minimal assets and little debt. Larger estates can take anywhere from nine months to a few years, especially with problematic family dynamics.
In April 2024, the Centers for Medicare & Medicaid Services (CMS) issued a new rule seeking to combat understaffing in long-term care facilities. The new mandate has its share of controversy.
FInding long-term care services can pose significant challenges. One major reason for this is a lack of available labor in this field. New bipartisan legislation may have an answer.
My sister filed for guardianship over our parents. However, they live with me, and I am the one that takes care of them. How can I make sure I have a voice in any choices she makes on their behalf?
My husband has no assets in his name; everything is in my name. His only income is Social Security. He has long-term care insurance that will last approximately six years. Would he be eligible for Medicaid at that point? (And are my assets protected?)
I am 90 years old and in pretty good health. If I give each of my seven grandchildren a gift of $10,000, will they be held liable for that amount if I need to enter a nursing home?
My husband and I have a primary residence in a city in Arizona. My son bought a home in another town in Arizona, and we are named on his deed as co-owners. The bank required it because of his credit. We paid off his loan, and now he pays us monthly payments. He wants to sell his home in approximately 11 years. Do we have to pay capital gains tax on the entire gains of the sale of his home because we are on the deed?