Experts say more than 6.5 million seniors suffer from depression. While the illness is not uncommon at any age, seniors tend to face a variety of special challenges, including retirement, illness, loss of a spouse or significant other, and the prospect of being forced out of their homes due to illness or disability. When left undiagnosed or untreated, the depression…
After you retire, you may no longer wish to reside in California, instead opting for what may be considered a more “senior-friendly” environment. Where you move could have a significant impact on your estate plan. Therefore, it is important to consider the tax consequences of moving to a new state. If you choose to relocate to a western state—Arizona, Nevada,…
Mary slammed the cordless phone onto the receiver. Her husband, Tom, peered at her over the top of his newspaper, his eyebrows cocked in concern. “Now what was that about?” he asked. “That was Beth Willis. She says we can’t use Dad’s long-term care insurance for his home health care because he doesn’t meet the criteria of the policy.” Tom…
The U.S. Congress is attempting to help future retirees get their financial houses in order. The government is reacting to a recent study that claims only 51 percent of all Americans are employed by companies with retirement plans and of those employees, only 40 percent actually participate. In addition, experts say one in three Americans have less than $5,000 in…
Sandy rolled up to the table where her poker club sat. “Well?” asked her friend, Diana. “How was the trip?” Sandy rolled her eyes. “Let’s see. The TSA agent kept insisting I had to walk through the security screener, even though I was in a wheelchair and told her I couldn’t walk. Finally, they brought me an airport-approved wheelchair and…
The days following the death of a spouse can be confusing. There are a lot of decisions to make and tasks to undertake. One area that must be dealt with quickly and competently is your finances. It is very important to get a clear picture of what steps you must take to secure your financial future. For example, it is…
Betsy slowly lowered herself into a kitchen chair and buried her head in her hands. Since her husband, Bill, had died three days ago, she had been swept up in a whirlwind of activity. Between planning a funeral, notifying relatives, and nonstop condolence calls, she hadn’t had any time to grieve, much less think. Her gaze swept the room and…
A change in nursing home regulations has some elder advocates up in arms. At the center of the dispute is the way nursing homes are fined for engaging in activities that endanger or injure residents. Under the Obama administration, nursing homes that failed to comply with federal regulations were fined for each day they were out of compliance, resulting in…
The California Department of Health Care Services recently announced new Medi-Cal resource numbers for 2019. In All County Welfare Directors Letter (ACWDL) 18-28 the Community Spouse Resource Allowance (CSRA) was increased to $126,420 and the Minimum Monthly Maintenance Needs Allowance (MMMNA) was increased to $3,161 for 2019. The CSRA is the amount of non-exempt assets that the spouse of a…