Most of us look at our children with love, affection and deep hopes for their futures. One father, though, decided making it happen in this lifetime was too limiting so he put into place strict rules as part of his estate planning efforts, all with the goal of ensuring his two daughters become everything he knew in his heart they could be. A whopping $20 million estate is what’s at stake and the two daughters, one who is 21 and her younger sister, who is 17, determine just how much of that … [Read more...] about Strict Rules in Estate Planning
Understanding SSDI and SSI
Ever wondered about Social Security Disability Insurance or Social Security Income? This week, we take a look at the two often-confused programs and how they benefit recipients. SSDI and SSI are independent of one another are used in very different ways. SSDI Social Security Disability Insurance is administered by the Social Security Administration, or SSA. Qualifying requires a work history since it’s considered a cash assistance program and the applicant must also be either blind or … [Read more...] about Understanding SSDI and SSI
New Gov’t Website for Aging Americans
Last week, the federal government unveiled a new site, Aging.gov. The goal is to provide a “one-stop resource for healthy aging, long-term care and retirement planning information along with quick links to the government's Medicare and Social Security websites”. We wanted to see if it delivered, so we focused on the Social Security page, which promised much for aging Americans. We’ve said for years that when it comes to Social Security, workers and retirees need to know as much as they can … [Read more...] about New Gov’t Website for Aging Americans
Irrevocable Funeral Trusts
At first, planning for your own funeral can feel a bit awkward, but once you delve in and consider the many benefits, it makes financial sense and can ease some of the difficulties for loved ones in those first days following death. Not only that, but when we pre-plan, we’re better able to ensure our own wishes are met without guilt of burdening a family member with the costs and unanswered questions of whether or not you would prefer one thing over another. And if you’ve not noticed, costs are … [Read more...] about Irrevocable Funeral Trusts
Financial Abuse on the Rise Among the Elderly
Few things are more disturbing than hearing of injustice committed against our most vulnerable. Our elderly loved ones and our children are precious to us and when someone wrongs them, it’s easy to understand why we feel a strong sense of duty to ensure those wrongs are righted. When it comes to seniors, financial fraud is sometimes missed by their children or other loved ones until the damage has been done. Today’s 30-somethings are not only raising their children, but they’re also tending to … [Read more...] about Financial Abuse on the Rise Among the Elderly
What is Adult Daycare?
We love our parents and grandparents and want only the best for them as they continue to age and as their needs change. What worked last year might not be a viable solution this year. Maybe it's the early signs (or not so early signs) of dementia or an increasingly weaker bone mass that makes them prone to falls. Either way, it's difficult to see our parents or other aging loved ones surrender their independence. That's one reason why so many opt for adult daycare centers. It allows your … [Read more...] about What is Adult Daycare?
5 New Hampshire Estate Planing Must – Haves
5 Estate Planning Must-Haves from Daniel DeBruyckere A living will outlines your wishes if you are incapacitated, death is imminent, or you are in a persistent vegetative state. Learn more about 5 New Hampshire estate planing must in this presentation. … [Read more...] about 5 New Hampshire Estate Planing Must – Haves
Is Using Your 401(k) to Buy Insurance Wise?
While you can use your 401(k) to purchase insurance, whether or not it’s wise depends on your unique situation. Recently, the IRS released new rules allowing for the purchase of annuities with tax deferred retirement plan funds. For many, the attraction of using their 401(k) to pay for life insurance comes from the partially tax-deductible premiums. The Employee Retirement Income Security Act places some limits on the amount of life insurance you can buy; however, those limits fall away after … [Read more...] about Is Using Your 401(k) to Buy Insurance Wise?
Protecting Elderly Loved Ones in Nursing Homes
Most of us with elderly parents or loved ones have good experiences with nursing homes. The nurses and other staff are compassionate, kind and truly care for their patients. When a nursing home finds itself in the headlines for failing to care for their patients, it’s startling and cause even the most confident families stress as they wonder just how well their loved ones are cared for when they’re not there. Pennsylvania Attorney General Kathleen Kane announced last week that her office had … [Read more...] about Protecting Elderly Loved Ones in Nursing Homes
Free Report: New Hampshire Advance Care Planning
One of the most confusing elements associated with advance care planning is the role Medicaid and other government programs play. Many believe they either cannot qualify for Medicaid or that by applying, they must surrender their assets, especially if one will reside in a nursing home. It’s true that there are ever-increasing compliance issues in the qualification stages, it’s not nearly as bad as the misconceptions would suggest. Topics covered in this report include: Incapacity … [Read more...] about Free Report: New Hampshire Advance Care Planning

