The U.S. Government has no money! Can seniors expect help from the government to pay their long term care expenses? Who needs long term care? People over age 65 have a 50-70% chance of needing care before they die. What does it cost? At home: $20 per hour to $15,000/month for 24-hour care Assisted Living: …
DetailsIf you are a senior and plan to move in with one of your children, there are a few things to settle. Talk about finances, privacy and duties. Finances: How much will you, the parent, contribute on a monthly basis and what will you receive in return? The payments made to children can be treated…
DetailsTaxes are scheduled to increase dramatically in 2013. The rates will be changing. See the table below. Tax Category 2012 2013 Estate and Gift Tax – Top Tax Rate 35% 55% Estate and Gift Tax Exemption $5 million $1 million Capital Gains 15% 20% Qualified Dividends 15% 39.6% Interest & Compensation Income 35% 39.6% In…
DetailsBy: Susan M. Graham, Certified Elder Law Attorney It is often hard to talk about end-of-life issues. Some people just will not consider that a day may come that they are unable to communicate about their health choices and desires. How can you start the conversation to find out how you can help a family…
DetailsIn my family it was not polite to talk about money. Only one family member was open with me and that was because she wanted me to pay her bills. Cousin Kathie was in her 80s when she asked for my help with her finances, and I took over completely when she turned 90 as…
DetailsBy Susan M. Graham, Certified Elder Law Attorney Steven Covey died, in Idaho Falls, Idaho, July 16, 2012. His obituary observed: “Mr. Covey urged people to consider how they would like to be remembered. ‘If you carefully consider what you want to be said of you in the funeral experience’, he said, ‘you will find…
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