This is the second installment in our three-part series on becoming your parent’s healthcare advocate. In the first part, Being Your Parent’s Healthcare Advocate: How to Get Started, we learned how to lay the groundwork for a smooth transition. In part two, we tackle how to manage documentation and record…
According to the Senate Special Committee on Aging, American seniors lose almost $3 billion annually to financial scammers. The Federal Trade Commission puts the median amount stolen at between $600 to $1,000 (the lower figure for seniors aged 70 to 79, the higher figure for seniors over 80), but there…
Over the course of our lives, we feel a sense of purpose and pride for a variety of reasons, but most of them have to do with helping others. Whether we are parenting children, caring for aging parents, serving in a professional role, or fulfilling a philanthropic mission, we feel…
Your child with special needs is getting older – and so are you. Perhaps your child has always had special needs, or maybe he had a life-altering event such as an accident or the onset of mental illness. Whatever the reason, he will need help long after you’re gone. We…
If a trust is part of your estate plan, you should pay attention to a new Connecticut law that went into effect January 1st. Chances are you would not be interested in reading the recently adopted Connecticut Uniform Trust Code (UTC), which is over 100 pages long! But there are…
The loss of a pet is heartbreaking. But have you thought about what happens to your pet, when you die? Your pets depend on you, they are loyal to you. They know they can count on you. You can only imagine their sense of loss when you’re no longer in…
What is “Divorce Monday”? The first working Monday of the New Year is the day many couples decide it’s time to call it quits. January has become for divorce attorneys what April is to tax attorneys – the busiest month of the year. By some reports, the volume of business…
By Carmine Perri Imagine yourself in this situation: As a favor, you agree to help your spouse’s parent get settled into a nursing home. If you’re like most people, you’d be emotionally stressed and feeling a bit guilty. Not exactly the best mindset for absorbing complex information nor for making…
By Paul T. Czepiga Connecticut residents are exposed to both a federal estate tax and a Connecticut estate tax if their net worth at death exceed a certain level. Unfortunately, the net worth level at which these taxes apply, and how they apply, is different for the federal estate tax…
You did well financially, and when the time came to move to assisted living you never considered the possibility that you might run out of money. But you didn’t expect to live this long! And now that you need more help, it’s even more expensive to live. What do you…