Even if you have a long-term care insurance policy, you may likely be hoping that you won't ever have reason to use it. Regardless of what the future holds, there's one silver lining of which you may not be aware. That is, premiums on many long-term care insurance policies are in fact tax-deductible.
Each year, 10 percent of older adults experience some form of abuse. In addition to physical harm, elder abuse can also encompass financial exploitation, neglect, and emotional abuse. WalletHub has evaluated elder abuse protections in the 50 states and the District of Columbia.
As they grow older, your parents may prefer to continue living in their home rather than moving to a long-term care facility. They are not alone in this; more than three-quarters of adults over the age of 50 say they would prefer to age in place.
A new AARP analysis gives a glimpse into the experiences of family caregivers and offers recommendations on policies and practices that policymakers should enact in support of caregivers nationwide.
Many executors don't understand the probate process and leave the tasks to the lawyer. While the executor has a fiduciary duty to protect the heirs' interests, does the lawyer? It depends on your state.
Recently proposed legislation seeks to offer financial relief for unpaid family caregivers. The Lowering Costs for Caregivers Act of 2023 is the result of a bipartisan effort to lessen the costs of family caregiving.
Although 2024 Medicare premiums are seeing an increase, there are nevertheless a few bright spots. Starting on January 1, 2024, Medicare enrollees may be pleased to hear about several positive changes taking place.
To secure the maximum amount in monthly Social Security retirement benefits, Americans must wait until full retirement age to start receiving their payouts. Results from a 2023 survey show that most of today's workers know about this stipulation - and yet the vast majority say they’re willing to file for their Social Security benefits early anyway.
Under a new Medicare Prescription Payment Plan starting in 2025, all Medicare prescription drug plans, including Medicare Advantage plans, will offer enrollees the option to spread out their prescription drug out-of-pocket costs over 12 months.
An estate plan's goal is to find strategies that combine asset preservation, tax advantages, and flexibility. One such strategy is to create an intentionally defective grantor trust (IDGT). Despite its seemingly contradictory name, an IDGT can be a valuable tool…