Trusts can be created to take affect only upon death, or they can be created and take effect while you are living. A Trust is a nonprobate asset and disposes of those specific assets placed in the Trust. […]
Saving the Family Home from a MERP Claim By Craig Watson, Texoma LIVING WELL Magazine Carol’s mother had been in declining health. After an illness, hospitalization and three months in a rehabilitation center, she was […]
Required Minimum Distributions (RMDs) are the amounts the federal government mandates you to withdraw annually from your retirement accounts after turning 70 ½ years of age. After years of practicing the virtue of saving, it may now sound strange to be told to withdraw money. So, what gives? […]
Riding a bicycle is about getting your balance and keeping it until you reach your destination. Likewise, investing requires finding and periodically adjusting the balance of assets in your portfolio to help keep your investment plan on track. […]
You can go online to www.Medicare.gov or visit your local Social Security office. The Centers for Medicare and Medicaid Services (CMS) is the federal agency that administers Medicare. […]
This is a question I’m asked weekly by clients both under and over age 65. My article highlights some of the rules and coverage shared by all people, and then some of the rules that are unique to both age groups. […]
It is an unfortunate reality that there are many people out there ready to profit from and prey on vulnerable individuals. The elderly have always been a prime target for those looking to exploit someone for financial gain, and the numbers are on the rise. According to one report, Texas has one of the highest numbers of elder abuse cases each year, along with California, Florida, New York, and Pennsylvania. One of the most unreported forms of elder abuse is financial exploitation. […]
It’s a sobering government statistic: At least 70% of people 65 years and older will need long-term care services at some point. Long-term care recipients will need help with daily living skills—such as bathing, dressing or preparing meals—for an average of three years, a U.S. Department of Health and Human Services report prepared in 2012 further predicts. […]
Most Americans are caring, compassionate, and trusting. That, coupled with major changes in technology, a sluggish economy, and an aging population, makes financial scams that target seniors so widespread that they are now considered “the crime of the 21st century,” according to the National Council on Aging (NCOA). […]
Estate planning starts with a goal. What are your goals? Is your goal to preserve assets for the security of you and/or your spouse and leave an inheritance for your family? […]
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