Long Term Care Settings the Focus of New Law in Oregon
The State Department of Human Services says that the new law will provide a comprehensive approach to improving both safety and quality of care in long-term care settings. With the passage of House Bill 3359, Oregon legislators are putting changes in place to improve the quality of life for individuals living in licensed long-term care…
Read MoreHelp Loved Ones Avoid the Sneaky Sweepstakes Scammers
The request for personal data seems like a simple thing when the chance to win millions is presented. However, the more information seniors give to sweepstakes scammers, the more vulnerable they become. Ninety-one year old “Jenny,” came very close to joining the ranks of elderly Americans who are scammed by thieves luring victims with the…
Read MorePractical Legislation Addresses Elder Abuse Issues in New York State
A number of important bills were passed at the end of the legislative session, including some surprisingly common-sense solutions to estate planning and elder abuse problems. Among a number of new laws recently passed in New York State are several that provide ways for health care workers and bank employees to do a better job…
Read MoreThe Final Frontier: Naming a Data Executor for Digital Assets
When death is unexpected, not having a digital executor or a plan for digital assets can do a world of harm. One family learned this the hardest way possible. When Karen Prangley’s father died after two severe strokes at age 62, the family was devastated, according to Fox 11 News in “Dealing with the loss…
Read MoreLet’s Get These Retirement Secrets Out in the Open!
None of this should come as a surprise, but you’ll want this information so you can do a better job of planning for your retirement. If the only thing you know about retirement is that you’ve done with the daily grind, Aging Edge wants readers to know that there’s a lot more in planning and…
Read MoreDoes an Inherited Property Generate a Tax Bill?
There are certain tax savings to leaving the family home to members of the family. They gain what is called a “step-up in basis.” Here’s how it works. Inheriting real estate is a little different than other assets. When members of the family inherit property, usually the family’s primary residence, they learn about the property’s…
Read MoreCan You Protect Your Home from the Medicaid Estate Recovery Program?
It’s a no-win scenario: you need long-term care and are eligible for help from Medicaid, but the possibility exists that Medicaid could take possession of your home as part of reclaiming funds after you die. What should you do? The Medicaid Estate Recovery Program does reclaim funds from estates of people who have received care…
Read MoreWhat Happens When an Estate Plan is Out of Date?
Life changes, laws change, and estate plans that don’t keep up, create real problems for families. Many people wait almost two decades between the time that they first have an estate plan created and when they get around to updating it. That’s about the time between having young children and when the kids grow up…
Read MoreBurden of Elder Care Eased in Hawaii with Passage of Kupuna Caregivers Act
Family caregivers who are helping their elders, will now receive financial assistance for associated costs from the state of Hawaii. It is a nod to a tradition that will be gratefully appreciated. The Kupuna Caregivers Act, signed into law by Hawaii Governor David Ige. It is the first of its kind in the U.S., according…
Read MoreRetirement and Financial Planning is Doubly Important for Singles
An increasing number of women and men are entering the retirement phase of their lives as singles. Putting a financial and estate plan into place is just as important as for couples, even if there are no heirs. It seems like every article about financial planning and retirement concerns couples, but many people today are…
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