When we think of retirement we think of sitting back somewhere warm and enjoying what we have worked so hard all of our life to build. When we think of retirement we do not think of having outstanding student loans…but nowadays we may have to! The Government Accountability Office (GAO), a research arm of Congress, […]
New Policy to Address the Problems Caused by Observation Status Henry Weatherby President at Weatherby & Associates, PC A visit to the hospital can be physically and emotionally jarring for patients and their family members or advocates. There are many different hospital representatives asking questions about current status, such as medications, and past history […]
Banks Refuse to Honor a Durable Power of Attorney Because of a Small Name ProblemA Durable Power of Attorney (“POA”) can be a useful tool in estate planning. In a POA, a person termed the “principal” gives legal authority to a different person, termed the “agent,” to take certain actions on the principal’s behalf. But […]
A couple who are both age 60 and who purchase new long-term care insurance coverage can expect to pay between 6 and 9 percent more compared to a year ago according to the 2017 Long Term Care Insurance Price Index, an annual report from the American Association for Long-Term Care Insurance, an industry group. But rates […]
When leaving a home to your children, you can avoid probate by using either joint ownership or a revocable trust, but which is the better method?If you add your child as a joint tenant on your house, you will each have an equal ownership interest in the property. If one joint tenant dies, his or […]
President Trump signed an executive order calling for a review of the so-called fiduciary rule, which was intended to prevent financial advisers from steering their clients to bad retirement investments by requiring advisers to act in the best interests of their clients. The order delays the rule, which was scheduled to go into effect in […]
Home Care Options Offered by the State of ConnecticutCountless older adults have voiced strong desires to remain living in their private homes for as long as possible. They dread the need to rely on supports offered at nursing homes or as they are more commonly known, “skilled nursing facilities” or “SNFs.” The State of Connecticut […]
Banks Refuse to Honor a Durable Power of Attorney Because of a Small Name Problem.A Durable Power of Attorney (“POA”) can be a useful tool in estate planning. In a POA, a person termed the “principal” gives legal authority to a different person, termed the “agent,” to take certain actions on the principal’s behalf. But […]
Emotions can run high at the death of a family member. If a family member is unhappy with the amount they received (or didn’t receive) under a will, he or she may contest the will. Will contests can drag out for years, keeping all the heirs from getting what they are entitled to. It may […]
Medicare Advantage plans are a popular alternative to regular Medicare because the plans often offer lower out-of-pocket costs, but buyers need to make sure they know what they are paying for. A government review of Medicare Advantage plans revealed that their provider directories were often riddled with errors, causing those plans to face serious fines.Medicare […]