An investigative report has found that many nursing homes are mishandling resident’s funds. USA Today found 1,500 cases where nursing homes were cited by state and federal regulators for mishandling funds held in resident trust accounts or failing to protect the funds from theft. Nursing homes set up trust funds for residents who want the Read more about Report Reveals Thefts from Nursing Home Trust Funds[…]

All trusts should be reviewed every few years to make sure that they are up-to-date with the law and meet your goals today. Following is a checklist of trust features you can review yourself. But be aware that these only refer to revocable “living” trusts, not to irrevocable trusts. Do you have the right successor Read more about 9 (Potential) Problems With Trusts[…]

When planning your estate it is important to understand the difference between probate and non-probate assets. Probate is the process through which a court determines how to distribute your property after you die. Some assets are distributed to heirs by the court (probate assets) and some assets bypass the court process and go directly to Read more about Probate v. Non-Probate: What Is the Difference?[…]

The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2014 taxes as a result of buying long-term care insurance. Premiums for “qualified” long-term care insurance policies (see explanation below) are tax deductible to the extent that they, along with other unreimbursed medical expenses (including Medicare premiums), exceed 10 percent of Read more about IRS Issues Long-Term Care Premium Deductibility Limits for 2014[…]