Kerri Kasem, the daughter of late Top 40 DJ Casey Kasem, recently visited the Waynesboro, VA area to speak on elder abuse. She spoke at the Seventh Annual Training of the Greater Augusta Coalition Against Adult Abuse. The News Virginian reported in its story, “Kasem speaks against elder abuse,” that Kasem presented: “Isolated: How Casey Kasem’s Family fought, changed the law, and...
Continue ReadingParents who have an adult child with special needs must provide him or her with nutrition, clothing, and personal hygiene, transportation to work and appointments, reading notices and attending reviews, managing insurance forms, paying taxes, spending money and recreational and social interaction. Kiplinger’s article, “How to Plan Ahead for a Disabled Child’s Inheritance,” notes that, without a controlled environment and attentive support...
Continue ReadingFinancial Advisor’s recent article, “Annuities Can Help or Harm Medicaid Eligibility,” explains that Medicaid rules include both asset limitations and income limitations. Annuities can be exceptionally beneficial for a retirement income plan, such as for an older individual facing long-term care costs. However, the annuity will be viewed as a resource available for payment, which will make the applicant ineligible for Medicaid....
Continue ReadingSome baby boomers are thinking about starting a business in their retirement. However, retirement planning isn’t a priority for many entrepreneurs. Saving for retirement as a small business owner also isn’t as easy, as being automatically enrolled in a company 401(k) plan. US News & World Report’s recent article, “7 Reasons Entrepreneurs Don’t Save for Retirement,” examines some of the biggest mistakes...
Continue ReadingA recent WTOP article asked, “Are you ready for 8,000 days or more in retirement?” The article notes that the years we spend in retirement are increasing, because we’re staying healthier and living longer. It’s not unlikely for those in their mid-60s today, to have a life expectancy of another 20 to 30 or more years. Along with this good news come the...
Continue ReadingJust 40% of Americans 60 years old and older have documents in place to plan for their finances and health care, if something were to happen to them. CNBC’s recent article, “These costly estate planning mistakes can be fixed,” says that, when it comes to planning for your estate, the odds are you haven’t made all the provisions you should. A new...
Continue ReadingA California appeals court recently dismissed a lawsuit by film legend Olivia de Havilland over the way she was portrayed in the FX docudrama “Feud: Bette and Joan.” The court ruled that the actress, known for her roles in “Gone with the Wind” and other classics, had no right to control how the show’s creators depicted her. The Washington...
Continue ReadingAfter Alan Thicke passed away from a ruptured aorta in 2016, his sons Robin and Brennan were named co-trustees of his estate, according to TMZ. Fox News reports in its story, “Alan Thicke’s widow claims late actor’s sons are spending trust, keeping her from inheritance” that Alan Thicke’s wife Tanya Callau feels the brothers are leaving her out of the loop and...
Continue ReadingForbes recent article, “Two Key Steps to Successful Estate Planning” explains that, in many instances, the ultimate goal in estate planning is to ensure the wealth you accumulated, lasts for a while and is used to improve the lives of your family. Unfortunately, the process of passing on the wealth often creates problems within the family. Disagreements can arise, and conflicts about...
Continue ReadingHow do you find an old retirement account that hasn’t been looked at in years? In a recent article, “How To Track Down That Lost 401(k) Or Pension,” Forbes notes that Americans have lost track of more than $7.7 billion worth of retirement savings in 2015 alone, by “accidentally and unknowingly” abandoning their 401(k) plans. With people jumping from job to job,...
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