Recent Blog Posts
Mom Was Just Diagnosed With Dementia. What Can I Do to Help Her?
Many seniors suffer from some type of dementia. However, no matter how common it is, when your parent is diagnosed with dementia, it can be shocking and scary for both you and your parent. According to the Aging Parents Authority, there are seven important strategies that can help you and your parent cope with… Read More »
Who Will Be Making Your Difficult Healthcare Decisions?
A recent article in the LA Times reminds us of just how important it is to have some kind of living will or advanced healthcare directive, and that it is absolutely necessary to talk about these things with your loved ones. If you have not done these things it is your loved ones who… Read More »
Friendly Reminder to Take Advantage of Tax Deductions Before Year’s End
As 2011 draws to a close just about everybody has their minds on vacation, travel, and gift-buying, so we just wanted to take a moment to remind all of our readers to take advantage of your tax deductions and allowances before the year is over. These may include sending a check to your favorite… Read More »
Long Term Care Insurance Is Tax Deductible for Business Owners
By now most people, when planning for their “Golden Years”, know that they need to consider the possibility that they may need long-term care at some point in time, and that long-term care insurance is a logical option for this purpose. What most people don’t know is that if you are self-employed or own… Read More »
Could A Trust Be Good For Your Family?
The answer to the title question is that just about every family can benefit from a trust. The rich and famous tend to utilize trusts because of the privacy they provide, the long-term asset protection, the tax benefits, and their flexibility; but each and every family, regardless of fame or income, can reap the… Read More »
Nursing Home Etiquette to Remember During Holiday Visits
Nursing homes during the holiday season tend to see a little more activity than they do during the rest of the year, whether because of families coming to visit loved ones, or local groups or individuals bringing holiday cheer to residents who may not have family living nearby. Taking time to visit with nursing… Read More »
Speculation About the Estate of Steve Jobs Continues
The public has been curious about the estate of Steve Jobs ever since he passed away in early October, but with his assets wisely protected with a trust, his family’s privacy regarding the distribution of inheritance has remained intact. (Privacy is only one of the many benefits of using a trust as part of… Read More »
Dad never signed a power of attorney, and now he’s not mentally competent to sign one. What can I do to help him?
Many seniors don’t want to face the possibility that one day they could become unable to handle their own financial affairs. Unfortunately, as we age, the likelihood of getting some type of dementia increases greatly. Some researchers state that as many as half of all people over 80 suffer from at least one form… Read More »
The Smart Way to Leave an Inheritance to Unprepared Children
Most parents (even parents of adult children) want to provide for their children—but not necessarily right away, and maybe not all at once. According to a recent article in Barron’s, “A growing number of parents are shunning the time-honored practice of handing big inheritances to their children when they turn 21. Instead, they’re waiting… Read More »
A Mother’s Thoughts on the Struggle Between Adult Children and Their Aging Parents
Salon.com recently published a touching and illuminating article about Baby Boomers and their aging parents—about the transition from being the cared for child to the caregiving adult, and how Boomers are dealing with this new development. This is not the first article to be written on the subject, but this one is unique because… Read More »