Make Sure You Are Counted in the 2020 Census
The 2020 census is starting soon, and seniors need to be counted. This may be more of a challenge this year because for the first time, the census will be completed largely online.The U.S [...]
How Secure Is Social Security?
For years people have been worried about Social Security’s future, but what is the actual outlook? According to the federal government, unless Congress acts to intervene, Social Security [...]
Bank Pays Price for Refusing to Honor Request Made Under a Power of Attorney
A durable power of attorney (POA) allows the person creating the POA, called the “principal,” to name a trusted agent who can act on his behalf in almost any situation. But because of [...]
Accounting for Gifts and Loans to Children in Your Estate Plan
No parents want their children to fight among themselves after they are gone. Sadly, conflicts often arise, especially when a parent has gifted or loaned money to one child and not others. [...]
Understanding the Differences Between a Living Trust and an Irrevocable Trust
Trusts can be useful tools to protect your assets, save on estate taxes, or set aside money for a family member. But before you commit to adding a trust to your estate plan, make sure you [...]
If Your Estate Plan Includes IRAs, a New Law Means It Is Time to Reevaluate
Both workers and retirees may need to rethink some of their estate planning in light of the newest spending bill. The Setting Every Community Up for Retirement Enhancement (SECURE) Act, part of [...]
Medicaid Protections for the Healthy Spouse
Medicaid law provides special protections for the spouses of Medicaid applicants to make sure the spouses have the minimum support needed to continue to live in the community while their husband [...]
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Program That Helps People with Disabilities Move Out of Institutions Temporarily Re-Authorized
Congress has temporarily extended the federal government’s largest grant program that helps states transfer people with disabilities from institutions into independent living arrangements.Tucked [...]
Your Retirement Plans Have Big Changes for 2020
Late last year, President Trump signed a spending bill into law that makes major changes to retirement plans. The new law is designed to provide more incentives to save for retirement, but it may [...]
Free Tax Preparation Help Is Available to Most Seniors
Seniors and retirees should know that they may be able to use online tax preparation software free of charge. Most low- and middle-income Americans qualify for the free help, but do not take [...]