Details Matter When It Comes to Dealing With Long-Term Care Insurers

Let’s face it- we all have our strengths and weaknesses. Some of us are more detailed orientated than others. Most of the time, we can scrape by not having to pay attention to seemingly minute details but other times the price you may pay for letting the little things slide could be steep just as […]

When Things Fall Apart by Smilie G. Rogers, Esq.

The last couple of weeks we have been preparing tax returns, preparing MaineCare applications and dealing with client matters when things fall apart generally. Here are some observations from the field at the end of a long day: Getting financial institutions to recognize powers of attorney can be a real struggle. Is your power of […]

Maximizing Your Social Security Survivor's Benefits

When it comes to survivor benefits, timing is everything. While you can claim survivor’s benefits as early as age 60, if you claim benefits before your full retirement age, your benefits will be permanently reduced. If you claim benefits at your full retirement age, you will receive 100 percent of your spouse’s benefit or, if […]

The Learning Curve of Dealing with Student Loan Debt as We Age

There has been a 20% increase in student loan debt borrowing in the over 60 set in from 2012 to 2017. Of this 20%, 73% borrowed for either a child or grandchild’s’ education. As parents, we have the innate desire to help our children any way we can, however, if you are not careful in […]

How Much is a Community Spouse Protected Financially in 2019?

By definition, the “community spouse” is the spouse of Medicaid recipient that is living in a nursing home. There is a certain amount of money the community spouse is allowed to keep without it endangering the recipients’ eligibility. This is where asset protection is important to explore with a qualified attorney. They can help with […]

What Are the Best, and Worst, States When It Comes to Nursing Home Quality?

When it comes time to find a nursing facility for a loved one, the quality of care is of the utmost importance. The whole process is daunting. Everyone involved in making the decision has to balance an array of considerations; from location to cost to quality and where their loved one feels the most comfortable. […]

Will Medicaid Pay You As a Family Caregiver?

When it comes to being the caregiver of a spouse, parent, child or another family member we usually don’t think of it as something we should be compensated for. It is seen as just something that you do if you are able to because, well, that is what family does right? Obviously, it is another […]

New Tax Law and the Implications for Charitable Contributions

The new tax law makes it harder to claim a tax deduction for charitable contributions. While charitable giving should not be only about getting a tax break, if you want to reap a tax benefit from your contributions, there are a couple of options. The standard deduction is raised from $12,000 to $24, 000 and […]

You Afford a Private Nursing Home Room in 2019?

It is well-known that any nursing home, especially private facilities, are expensive considering the service they are providing. The median cost of a private nursing home room in the United States increased to over six figures in 2018. Read on to learn more about the costs trends uncovered by Genworth’s 2018 Cost of Care Study… […]