Protecting Older Adults Against Identity Theft

Major data breaches in recent months have illustrated that all of us, regardless of age, are susceptible to identity theft. But older adults can be even more vulnerable to identity theft than others. Identity theft involves a criminal stealing personal identifying information to create a new identity or to steal money from the victim. Older […]

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What is a Qualified Income Trust or Miller Trust?

If you are in the process of applying for Medicaid/TennCare benefits, you may be told you need a Qualified Income Trust (“QIT”), also known as a “Miller Trust,” before you can qualify.  Most people have never heard of a QIT and are already in an urgent situation when a facility worker sends them to an […]

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Daily Money Management: A Valuable Service for Elders

With our rapidly growing population of seniors, more and more families will be dealing with loved ones who will face trouble managing their daily finances. Being unable to fully manage financial matters puts the elderly at risk of financial insecurity, debt problems or serious issues paying for long-term care down the road. The good news […]

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Adjusting Holiday Gifting with Elders in Mind

The holiday season has become an extravaganza of exorbitant gift-giving, and with all the sales and emphasis on holiday gifting, it may be a particularly difficult time for elders.  Older parents and grandparents generally want to give generously, but there are unique risks for elders in spending too much during the holidays.  Older adults risk […]

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Protecting Elders from Identity Theft

This September we learned of the Equifax security breach that exposed the sensitive personal information of 143 million Americans. Identifying information such as names, Social Security numbers, birth dates, addresses, and driver’s license numbers were accessed. You can visit www.equifaxsecurity2017.com to find out if your information or that of a loved one was exposed. While […]

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Skilled Care vs. Custodial or Long-term Care

It isn’t unusual for families to feel confused about the different types of care that their loved ones may need when entering a care facility. The words used for different types of care are similar. Understanding the differences between different types of care and how that care is funded can be very helpful when making […]

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The Special Needs Trust Fairness Act

Special needs trusts are powerful tools for individuals with disabilities to pay for the quality of life they desire.  However, there is a flaw in current special needs trust law which prevents people with special needs from establishing their own special needs trusts, often referred to as “d4A” trusts.  Only a parent, grandparent, conservator, or […]

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Irrevocable Trusts

In last week’s blog, we offered information about Trusts Generally and Revocable Living Trusts and how they can be used as part of an estate plan to achieve certain goals, such as managing assets while the trustmaker is still living and sparing loved ones the hassle and cost of probate court proceedings to distribute property […]

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Trusts in General and Revocable Living Trusts

A trust is a part of your estate plan which controls how your property is used by you during your life and after your death.  Think of it as a container which can hold assets with a manager to oversee investments, distributions, and taxes.  Different kinds of trusts achieve very different estate planning goals, but […]

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The Future and Financing of Long Term Care

Long-term care is fast becoming a vital issue for our nation to address.  We have 78 million aging baby boomers.  The costs of long-term care to these baby boomers will be catastrophic, and few people have sufficient resources to pay for needed long-term care. In an effort to deal with this growing concern, in 2012 […]

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