Visitors to SeniorCareAdvice.com have been asking us if they should “do something” about their own or an elderly family member’s taxes in light of the recent Presidential election and the …
Continue ReadingDoes a Charitable Gift Annuity Make Sense?
Maybe the phrase “the gift that keeps on giving” seems trite, but for some — in the right circumstances — it can fit charitable gift annuities. Whether a charitable gift …
Continue ReadingEnd of Life “What Ifs” Needs More than a Will or a Living Trust
Even though you have signed your will, and even if you also set up a living trust, your estate planning is not complete. You still need to address several “what …
Continue ReadingAlternatives to the Even Split for Dividing Your Estate Amongst Older Children
Most young parents know intuitively how they would want their assets divided in the event both would suddenly die, such as in an accident. Most parents would want the assets …
Continue ReadingWhat Happens When Your Estate Plan Is No Plan? Letting the State Decide Who Gets What
Did you know that you and everyone else in your state already have an estate plan? Yes you do, and it is absolutely free, at least at the outset. It’s …
Continue ReadingWill or Living Trust – Which Should You Choose?
The best answer is “both,” and the good news is that with a living trust your will can be a short, one-page document that would simply “pour over” to the …
Continue ReadingBorrowing the Cash Value from a Life Insurance Policy to Pay the Cost of Senior Care
There are essentially two types of life insurance policies: Term life insurance Cash value life insurance Term insurance is pure insurance protection and lacks a “saving” or “investment” element. Cash …
Continue ReadingUsing the “Living Benefit” Rider in Your Life Insurance Policy to Pay for Senior Care
Many life insurance policies now contain a provision enabling a person who is terminally ill to essentially receive an advance, during his or her lifetime, of the “death benefit” that …
Continue ReadingSelling Your Life Insurance Policy as a Viatical Settlement or Senior Settlement to Pay for Senior Care
As Benjamin Franklin’s said – “Nothing is certain except death and taxes.” If you own a life insurance policy, and continue to make premium payments on time, the life insurance …
Continue Reading