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Tuesday, January 06, 2009

What Does the Recession Mean for Long-Term Care?: The current economic downturn could affect where elder care is provided and who provides that care...
Required 2008 Withdrawals From Retirement Accounts Still Must Be Made by Dec. 31: Although President Bush has signed legislation allowing seniors to avoid making required withdrawals from depleted retirement accounts in 2009, you still...
Temporary Capital Gains Tax Break Can Help Seniors: Over the next two years, seniors can take advantage of a capital gains tax break. From 2008 to 2010, taxpayers in the 10 and 15 percent tax brac...
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Questions + Answers

My father-in-law gifted the family home to his daughter retaining lifetime living rights. He has not lived in the house for more than five years, nor does he contribute to the up keep or maintenance of the house or property. At the fathers request the daughter took out a mortgage on the house and gave him a little more than double the price he originally paid for the property. The father now wants... Get the Answer »

Featured Resource
Caring for Your Parents: The Complete Family Guide

This book provides practical advice to help adult children navigate the complex emotional and bureaucratic terrain of caring for their parents.

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	ElderLaw Tips
If you remarry, you need to redo your estate plan. Find out why... Appealing a Medicare coverage denial is easy and most people win, so it is worth your while to challenge it. Find out how... Once you have written a new will, destroying your old will may not be the best idea. Read more... Many divorced or widowed seniors receive Social Security from their former spouses, and remarriage can affect benefits. Find out why... Medicare's coverage of nursing home care is quite limited. Find out why... For Medicaid applicants who are married, only income in the applicant's name is counted in determining eligibility. The spouse's income is not counted. Find out Why... If you get help from Medicaid to pay for nursing home care, the state may file a claim against your house after you die. Read more...

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