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Getting Your Affairs In Order
(General/Blog)
If we had a crystal ball and could see into the future, we would not need to prepare ahead for end of life decisions. James was 62 years old when a stroke made it impossible for him to communicate with ...
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Slow Medicine, a New Philosophy on Medical Practice for Elders
(General/Blog)
... and could be quite harmful. Thus a new philosophy of medical practice is evolving, Slow Medicine. The practices of Slow Medicine starts from understanding the circumstances of an elder’s life in order ...
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Medical Tourism: A Primer
(General/Blog)
... cosmetic or elective surgeries, but for life sustaining surgeries and medical treatments for cancer, obesity, orthopedic, dental work and many others. The big question is now: with the changes in the ...
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The Benefits of a Roth Conversion
(General/Blog)
... at age 70½, assets in a Roth IRA account may grow, tax free, throughout the taxpayer's lifetime. • Annual Contributions. A taxpayer who is ineligible to contribute to a Roth IRA because of AGI ...
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Gearing Up for Life on the RV Road
(General/Blog)
... the avid community of those who live life on the road. Would-be RVers should examine all aspects of RV living, including how to choose the right RV, how to negotiate with dealers, how to buy the right ...
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Helping Older Relatives Articulate Their Long-Term Care Wishes
(General/Blog)
In the best of all situations, helping an older relative or a parent plan for long-term care and other end-of-life issues happens when they’re healthy and various options can be considered with adequate ...
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In The News
(General/Resources)
Starting a New Practice? Don’t Forget About the Tax Type National Underwriter Life & Health (July 12, 2010) Staying Healthy May Cost You In Retirement FoxBusiness.com (May 13, 2010) Financial Behavior ...
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Joint Ownership of Life Insurance
(General/Blog)
Life insurance is often the best way to provide liquidity for payment of estate taxes. However, if the insured owns the policy, the proceeds will be includable in the insured’s estate for federal estate ...
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The Pitfalls of Naming a Trust as a Beneficiary
(General/Blog)
... over the life expectancy of a trust beneficiary. If the trust fails to qualify, the account must be paid out fully by the end of the fifth year after the year of death if the owner dies before the required ...
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Annuities & Estate Planning
(General/Blog)
... ownership by a trust during the purchaser’s lifetime should generally be avoided. An annuity will avoid probate if it has a named beneficiary; therefore, there is no need for a trust to own the annuity. ...
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Employer Support for Care Giving Employees
(General/Blog)
... that don’t offer benefits or address eldercare wind up paying for them. A recent study by the MetLife Market Mature Institute and the National Alliance for Caregiving states that U.S. companies pay between ...
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Chris Cooper, CFP®, Launches New Comprehensive Financial Planning Web Site
(General/Blog)
... began his career in nursing homes and hospitals as a paramedic and nurse. A personal interest in learning how people could finance health care, led him later in his career to pursue his Chartered Life ...
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Using a Professional Care Manager
(General/Blog)
... symptoms than in changing lifestyles. In contrast to this attitude, the geriatric Physician feels that Mary's husband has a chance of improving his health with proper treatment. Susan also works closely ...
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How do you work with my mother's doctor and other professionals?
(General/ElderCare Advocates FAQ)
... not just one area of life. We will talk to these individuals personally and get their input regarding the overall care needs and plan. ...
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Why do you ask for my or my parents' bank statements and other financial papers?
(General/ElderCare Advocates FAQ)
At ElderCare Advocates, we believe strongly that the financial aspects of a person's life are as important as the other areas that we assess: medical, legal, social, psychological, and environmental. Without ...
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Absenteeism in the Workplace Caused by Eldercare Needs and Concerns
(General/ElderCare Articles)
... for training and promotions and possibly giving up a career when caregiving gets to be too much. What toll does this take in other areas of life? Loss of income from working fewer hours or leaving a job ...
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Are Gifts Taxable?
(General/ElderCare Articles)
... tax rules. Under those rules, every person is entitled to a combined lifetime exemption of $600,000 for gift and estate tax purposes. This exemption allows an individual to transfer, either during lifetime ...
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Assisted Living Facilities: When Home Isn't the Place to Be
(General/ElderCare Articles)
... the skilled medical care provided in a nursing home. Residents can choose the level of care they require and define their own lifestyle needs. Most facilities provide housing and personalized support services ...
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Beware of Informal Estate Planning
(General/ElderCare Articles)
... designation as is with a life insurance policy. But, the beneficiary designation on an insurance policy, generally does not have ownership of the policy and cannot change the beneficiary, or cash in the ...
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Coping With A Chronic Illness in Your Family
(General/ElderCare Articles)
... with a chronic condition, the above scenarios may sound familiar. A long-term or chronic condition affects not only your relative's medical status, but the entire family's social life, emotional stability, ...