Archive for the ‘Wills and trusts’ Category
Working with Elder Parents in Planning Financially for their Long Term Care
January 7th, 2012 | 
Author: You may be taking care of elderly parents now or looking at that possibility in the near future. According to a report from USATODAY/ABCNews/Gallup Poll, 41% of baby boomers are helping take care of elderly parents by providing personal help or financial assistance or both.
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Can I Get Paid to Care for a Senior Family Member?
Cheryl was in a panic trying to get her parents home sold in Florida and move them near her in Idaho. Seven years ago Max and Clara purchased their retirement home in Florida and moved there from Idaho. Max had a stroke recently and Clara can no longer care for him herself, so in order for Cheryl to help out they need to move back to Idaho.
Why Should I Use an LLC for a Rental Property?
Thanks to an innovation in modern corporate law, the limited liability company (LLC) was formed. We can give some credit to Wyoming for being the seminal state, after which many states adopted the business form into their corporate laws. In fact, the LLC is chosen by many small and mid-sized groups, as well as individuals, because of its versatility. Some refer to the LLC as the “hybrid” between the partnership and corporation.
Helping Your Elderly Parent with COPD Related Depression
Experts say that over a million people in the United States have chronic obstructive pulmonary disease (COPD). It is a chronic lung condition that includes bronchitis, emphysema or both.
COPD affects the airways and air sacs within the lungs, which makes breathing difficult and can result in a person becoming less active over time. An elderly person who has COPD will easily become depressed, when dealing not only with breathing difficulties but other age related problems.
Getting Your Affairs In Order
If we had a crystal ball and could see into the future, we would not need to prepare ahead for end of life decisions.
James was 62 years old when a stroke made it impossible for him to communicate with his family. Neither his wife nor children knew anything about his financial or medical information. James had always taken care of things himself and left no written directives in his behalf. Besides having to locate important documents, the family was left to make their own decisions about James long term care.