‘Tis the season for listening to holiday music, shopping special sales, sharing a nice meal, and spending time with the family. The holiday season is a perfect opportunity to gather to enjoy gifts and create new memories. It also allows family the time to reflect on memories of the past and to share their thoughts […]
Over the last two decades, changes in the estate tax laws have caused a great shift in the focus of estate planning. At one time, the primary issue was avoiding a 55% estate tax rate on a relatively modest level of assets. For example, in 1995 the federal estate tax exemption was only $600,000. Back […]
Life Care Planning Lawyers – CT While there is currently no national tracking of instances of financial exploitation of elders, a recent study conducted by the National Institute of Justice found that about 60 percent of the study’s adults over the age of 60 had been targeted by scams. Additionally, many seniors find themselves victimized […]
There are some misconceptions around the role of Adult Protective Services (APS) in the lives of vulnerable adults. Discussions of involvement of APS can elicit feelings of fear or anger due to the assumption that involuntary changes will then occur. A recent fact sheet developed by the National Center on Elder Abuse located at the […]
At Weatherby & Associates, PC, we encourage our clients and their families to “be the squeaky wheel” and to never hesitate to advocate for patient rights for nursing home residents. That is one of the overall recommendations outlined in the 2005 Justice in Aging piece called “20 Common Nursing Home Problems—and How to Solve Them.” […]
Annuities can be valuable retirement and longevity planning tools, but they are complex financial products that can be misused. There are two kinds of annuities: variable and immediate. Variable annuities have gotten a bad reputation in recent years because they are often sold to people, especially seniors, for whom they are inappropriate. Immediate annuities, on […]
Winter brings holidays, chilly weather, and basketball season. In Connecticut, collegiate women’s basketball is a source of pride and joy for thousands of residents. Countless fans across the nation are familiar with the name Pat Summitt. She is known as one of the best coaches in collegiate women’s basketball, having led the University of Tennessee […]
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Witnessing the struggles of a loved one living with dementia is tremendously difficult. Emotions run high when experiencing the changes in a loved one as they move through the progressive stages of the disease. These are very relatable experiences among a growing community of caregivers. Another very relatable experience that most humans share is being […]
A recent court decision from the Nebraska Supreme Court shows the perils of not planning for long term care before there is a problem. For example: a now divorced 94-year-old must pay so much alimony that it brings his income below the poverty level and the only purpose of the alimony is to pay his […]