My sister is 43 and lives with my father because she had a stroke three years ago. My father just had a stroke a few months ago and he will need long-term care. I have power of attorney. [...]
My 94-year-old mother wants to apply for Medicaid but has $6,000 in savings. Can she give a $999 gift to each of her three children in 2025 and in 2026?
If I pass all my assets through TOD/POD and direct beneficiary, how would my outstanding medical bills be covered if I bypass probate? Or would the provider write them off?
The 'affordability crisis' is fueling a surge in financial elder abuse, including 'inheritance impatience' and 'inheritance preservation' schemes. Pushed to their financial limits, adult [...]
If you're 50 or older and in a high-income bracket, a new rule means that a familiar tax deduction for extra catch‐up contributions to your 401(k) may vanish and you'll be required to make [...]