Tag: elder law

Commonly Overlooked Tools for Incapacity Planning

Every individual should have a plan for when they can no longer make decisions for themselves effectively but most delay planning because it entails the confronting their fears about disability, death, and dying. As the U.S. population ages in greater

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Housing Assistance for People with Disabilities

Finding affordable housing can be difficult for people with disabilities, who may have special housing needs or limited funds. However, there are a number of resources available to help: Center for Independence of the Disabled, New York The Center for

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State Tax Credit Can Help With Home Improvement Costs

A recent article in our newsletter discussed Universal Home Design and the advantages it has for individuals of all ages. Fortunately, Virginia has a tax incentive that may help with the cost of retrofitting your home, the Livable Homes Tax

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Cruising through Caregiving – Book Review

Cruising through Caregiving is a terrific book helping all those who have cared for or will care for someone in their family through the aging process deal with the stress of serving in such a capacity. The thrust of her

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Planning for Small Business Owners Is Critically Important

At times we all fall victim to focusing on the present at the expense of planning for the future. Many business owners continually focus on the daily, monthly, quarterly, and annual goals of the business and often do not consider

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Protecting Seniors From Isolation

Although we frequently think of seniors as living among family members or in a senior community or other shared housing arrangement, the likelihood of living alone rises as one ages, according to the U.S. Census Bureau. Among women 65 to

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How to transfer property to a living trust

A living trust is a legal entity that is used to hold title to your assets while you are alive. Upon your death, the assets are then transferred to the beneficiaries named in the trust. You can transfer such assets

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Address these essential elements of retirement planning

During your retirement years, you may expect to receive Social Security payments. A few people may also receive payments from public or private pension plans. However, it is best not to rely on such sources to provide a sufficient amount

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What is the Medicare donut hole?

The Medicare donut hole is the coverage gap that is within the majority of Medicare Prescription Drug Plans. There is a short-lived restriction on what drugs most plans will cover. The coverage gap does not apply to everyone. It starts

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What personal representatives of estates need to know

Personal representatives, or executors, of estates need to be aware of the procedure that is used to probate an estate with a will. The executor who is designated in the will must make an appointment with the probate division to

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