Finn slapped the pile of envelopes on the kitchen table and grunted at his wife, Lola. She peered at him over her coffee mug and gestured toward the pile. “What’s this?” “Credit card bills. For Mom and Dad.” Lola frowned. “How is that possible? We have responsibility for their financial affairs. We pay all of their bills. They live in…
Are you juggling work and caregiving? Stressed to the max? Looking for answers? Did you know you are in the majority now? In 2009, AARP estimated that nearly 61% of people over the age of 50 are employed and have caregiving responsibilities. (1) In 2015, it was found that 6 in 10 caregivers are employed and this ratio will continue…
Sharon stared at the bill from the hospice that had cared for her mother in her final days. “I can’t believe they charge so much for such crappy care. Heck, Mom almost died while they were transporting her. They clearly didn’t know what they were doing.” Her friend, Lynda, nodded. “They were pretty bad. I remember how upset you were…
The California legislature is considering a proposal that could impose a state tax on some estates. Generally, estate taxes are imposed by the federal government on the assets or estate of someone who has died. The tax is paid before the heirs receive any bequests. One of the purposes of estate planning is to minimize an estate’s tax liability. California…
The rapidly increasing population of dementia patients in assisted living facilities is challenging not only the facilities providing the care, but also the safety of the other non-afflicted seniors who reside there. Originally, assisted living facilities were created as an alternative to nursing homes. They were designed for those who were independent, but in need of some assistance with daily…
Diana turned to her husband, puzzled. “Bob, did you notice Susie’s new designer purse? And those shoes? I swear they were Louboutin’s. How on earth is she able to afford that? She works part-time at the library and her husband is so cheap, he makes us look like spendthrifts.” “She’s not the only one. I also noticed your brother, Frank,…
Something we see quite often with our older clients is a joint bank account – parent’s money, child added to the account for convenience of the parent. It really can be very convenient, so, despite the list of problems I’ll get to in a minute, for some families in some situations, adding a child to your bank account can be…
Sally stared at the notice from the bank and frowned. “What’s that?” her husband, Bill asked. “Another bill for your dad?” Sally nodded. “But this time it’s his monthly mortgage payment. I wonder if we need to pay it. He’s only been dead five days. Maybe they aren’t aware of it.” Bill snorted. “Why pay the mortgage if he’s dead?…
“And to Mary Kay Morgan, I bequeath my home and the sum of $250,000,” the lawyer intoned. Sara gazed at her sister, Mary, her eyes filled with questions. “Who the heck is Mary Morgan?” she whispered. Mary shrugged. “No idea. Maybe Uncle Hank had a girlfriend or something?” Sara’s eyes narrowed. “Sounds fishy to me. We all know Uncle Hank…