Should a Parent Serve as Trustee of a Special Needs Trust?

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It is common for a parent to want to be named as trustee of a special needs trust benefitting her child, especially when the parent is the one creating or funding the trust. There are many reasons why this makes … Read More

Special Needs Trusts: Ensuring Continuity in Delivering Care to a Trust Beneficiary

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If you are the main person managing the care of the beneficiary of a special needs trust, have you planned yet for a time when you may no longer be able to perform this crucial role?  It is important to … Read More

Always Put Caregiver Contracts in Writing

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When hiring a caregiver, it is important to put the contract in writing. Courts can be especially strict about requiring contracts when caregivers are relatives, but a formal agreement is still necessary even if the caregiver is not a relative.  A … Read More

The Complex Modern Family Requires a New Planning Model, Book Argues

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A new book suggests that planning for elder care and a loved one’s death are especially important for today’s complex modern families. In Homeward Bound: Modern Families, Elder Care, and Loss, the authors contend that the current approach to elder … Read More

The Use of Immediate Annuities in Medicaid Planning for Married Couples

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Immediate annuities can be a useful tool to protect the spouse of a nursing home resident who applies for Medicaid. These types of annuities allow the nursing home resident to spend down assets and give the spouse a guaranteed income. … Read More

VA Compensation Benefits for Veterans and Family Members

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Veterans compensation is a tax-free benefit paid monthly to a veteran and/or eligible family members because of the veteran’s service-connected disability. A service-connected disability includes an injury or disease incurred during active military service or a pre-existing injury or disease … Read More

Warning: An Alzheimer’s Tsunami is Coming and We Must Prepare

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That’s the message from Andrew Tisch, chairman of Loews Corporation, co-founder of the political reform group No Labels, and Vice Chair of the U.S. Global Leadership Coalition. In a recent article, Mr. Tisch describes how we are unprepared for the … Read More

Financial Challenges Facing Seniors…And How to Fight Back

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Most of us look forward to a retirement filled with leisure and relaxation, but many older Americans are facing financial difficulties that are destroying their retirement dreams. One article addressed some of seniors’ biggest financial challenges and what they can … Read More

How Long Should a Care Facility Charge After a Patient Dies?

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Authorities in the United Kingdom have launched an investigation after learning that some care homes are charging families for weeks after the death of an elderly relative. Some families have complained that they were charged for the time it took … Read More

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