24 03, 2023

Estate Planning for Your Digital Legacy

2023-03-24T03:32:27-04:00March 24th, 2023|

One aspect of your estate plan that you may not yet have taken into consideration is your digital legacy. Arranging what happens to your digital assets and information when you pass away has become an increasingly essential component of financial [...]

20 03, 2023

What Is a Qualified Personal Residence Trust (QPRT)?

2023-03-19T16:24:08-04:00March 20th, 2023|

A qualified personal residence trust (QPRT) is an irrevocable trust used to achieve estate and gift tax savings. The basic idea behind a QPRT is to transfer the equity in a qualified residence out of a person’s estate and to their [...]

17 03, 2023

Limited Power of Attorney in Estate Planning

2023-03-17T07:11:14-04:00March 17th, 2023|

A power of attorney (POA) is a document that authorizes one or more parties (known as the “agent” or “attorney-in-fact”) to act on behalf of a person (referred to as the “principal”). Most powers of attorney documents are guided by [...]

13 03, 2023

What Is IRMAA and How Does It Affect My Medicare Premiums?

2023-03-13T03:28:44-04:00March 13th, 2023|

As we near retirement, we may assume that once Medicare kicks in, our medical insurance premiums will be fixed. However, many people may not realize that there are special rules regarding how much they pay for Medicare Parts B and D [...]

10 03, 2023

What Is Memory Care, and What Are Its Benefits?

2023-03-10T02:30:34-05:00March 10th, 2023|

Memory care is specialized care for patients living with Alzheimer’s disease, dementia, or other conditions that cause memory loss. Hospitals and nursing homes may have memory care units or a separate entity dedicated to this service. Memory care provides seniors with [...]

6 03, 2023

Does Medicare Cover Physical Therapy?

2023-03-06T02:21:25-05:00March 6th, 2023|

Physical therapy helps elders recover from injuries and illnesses, manage chronic conditions, and prevent future injuries. It can be an essential component of health care for older adults. Medicare covers physical therapy (PT) when it is medically necessary to treat [...]

3 03, 2023

Becoming a Family Caregiver for an Ailing Loved One

2023-03-02T07:17:19-05:00March 3rd, 2023|

Taking on the responsibility of providing full-time care for an aging or disabled loved one can be a rewarding experience. Being a primary caregiver helps you rest assured that your loved one is receiving compassionate care from someone who will [...]

3 03, 2023

The Ins and Outs of Estate Sales

2023-12-27T01:26:45-05:00March 3rd, 2023|

Following the death of a family member, you may find yourself needing to sort through many possessions accumulated over the deceased’s lifetime. An estate sale is one way to distribute those items that you do not want or need quickly [...]

2 03, 2023

What Does the Term “Decedent” Mean?

2023-12-27T01:44:58-05:00March 2nd, 2023|

“Decedent” is a legal term that refers to a person who has died with unsatisfied legal obligations. At the end of their life, a decedent has some legal duties that must be fulfilled through a representative. For example, decedents remain [...]

2 03, 2023

Deducting Long-Term Care Insurance Premiums in 2023

2023-12-27T05:15:17-05:00March 2nd, 2023|

Are you a taxpayer who has purchased long-term care insurance (LTCI)? Take note of your policy details and your premium amount, as you may be able to deduct the cost – or at least part of it – from your [...]