Living assistance is very expensive, Medicare won't pay for it, and of course most senior citizens are living on a fixed income. This is not the best combination of circumstances. People who have served in the military may be able to tap into a benefit that they have earned to help them address the expenses that they may incur if they need help with their day-to-day needs. This benefit is called the Veterans Aid & Attendance special pension. To qualify you have to be able to … [Read more...] about Special Pension for Service Members Who Need Living Assistance
Blog
Are You Sure a Reverse Mortgage Is a Good Idea?
A home equity conversion mortgage is a reverse mortgage that is fully backed by the United States Department of Housing and Urban Development. To obtain one of these mortgages you must be at least 62 years of age and have significant equity in your home or own the residence outright. The government wants you to understand exactly what you are getting into when you take out a home equity conversion mortgage. As a result you must undergo a counseling session with an approved … [Read more...] about Are You Sure a Reverse Mortgage Is a Good Idea?
2013 Average Social Security Payouts
We are all aware of the fact that the economy hasn't been at its best over the last several years. A lot of Americans are finding it challenging to simply make ends meet in the present. As understandable as this may be you don't want to be in denial about the future. Just about everyone would like to retire someday. And, even if you truly enjoy working and are capable of doing what you do as a senior citizen you probably want to work on your own terms. Most of us pay into … [Read more...] about 2013 Average Social Security Payouts
Download Our Free Report on the Probate Process
The process of probate enters the picture when you are executing a last will to state your final wishes. During this interim the probate court will examine the will to determine its validity. Interested parties could step forward during probate to challenge your will, and while the estate is being probated final debts must be paid. Along with the above the assets that comprise the estate must be prepared for distribution to the heirs in accordance with your stated wishes. … [Read more...] about Download Our Free Report on the Probate Process
Hemsley Estate Dispute Decided by Court
We have been passing along information over the last few months about the disputed estate of the deceased actor Sherman Hemsley, and we can now report that a resolution has been reached. The character George Jefferson catapulted Hemsley into the public consciousness, and he certainly provided millions of Americans with some hearty laughter during his long and successful career. The dispute involved a person stepping forward to challenge Hemsley's will during the probate process. Even … [Read more...] about Hemsley Estate Dispute Decided by Court
Seniors Face Higher Medicare Deductibles, Part B Premiums
Retirement planning is very important if you don't want to find yourself on a very tight budget during the latter portion of your life. Living on a fixed income can be very challenging, and Social Security alone is really not enough for most people. And even if you could get by on Social Security on the day that you retire costs inevitably go up and cost-of-living adjustments are very modest to say the least. In fact, in 2010 and 2011 there was no Social Security cost-of-living … [Read more...] about Seniors Face Higher Medicare Deductibles, Part B Premiums
Healthy Seniors: Don't Be Fooled
Sometimes you can be lulled into a false sense of security for one reason or another, and as a result you may fail to take the appropriate actions. This can come into play among healthy senior citizens. Let's say that you have always been one to go to the gym regularly, eat well, and refrain from smoking and excessive drinking. You see your retirement years start to come into focus and you feel very good physically. Your doctor has given you a clean bill of health and you … [Read more...] about Healthy Seniors: Don't Be Fooled
Access Free Indianapolis Estate Planning Report
Some people do not take action with regard to executing the appropriate estate planning documents because they are not aware of all of the things that can go wrong if you do not plan ahead in an intelligent and informed manner. When you do have a basic understanding of the relevant tax laws and the various challenges that seniors citizens face you see why it is indeed important to make preparations for the future with the benefit of expert guidance. With the above in mind we have prepared … [Read more...] about Access Free Indianapolis Estate Planning Report
Qualified Personal Residence Trust Can Deliver Tax Savings
The value of your real property does indeed count when the IRS is assessing the value of your estate. This is why many people find themselves subject to the estate tax even if they do not necessarily consider themselves to be extraordinarily wealthy in terms of cash. One way that you can reduce the taxable value of your home while you are arranging for it to be transferred to an heir or heirs in the future is to place it into a qualified personal residence trust. To learn about these … [Read more...] about Qualified Personal Residence Trust Can Deliver Tax Savings
Will Your Heirs Reach Their Full Potential?
Estate planning for high net worth individuals involves some added layers of decision-making. When you are in a position to provide life-changing amounts of money to people in your family you have to ask yourself some hard questions. One of them would be whether you may be doing more harm than good by giving certain individuals large inheritances without any strings being attached. If you are relatively young and not yet established you may feel as though you have no particular … [Read more...] about Will Your Heirs Reach Their Full Potential?
