Long Term Care

living trust

Is a Living Trust Appropriate for You?

You have probably heard others discussing living trusts but may not understand the reasons for them or whether you should have one. Living trusts are an estate-planning tool, and there is not a one-type-fits-all living trust. … Read More

Long Term Care Costs Await Seniors: Tax Deductibles Help Abate the Price Tag

Elderly Long Term Care Costs Will Always Be Part of Life

All seniors should consider planning for long term care costs. This is because Seniors often face the prospect of entering a nursing home to receive long-term care. And, for most seniors a nursing is their final residence before passing away.

At other times, for the more fortunate, the elderly person will remain at home and receive some type of assistance with his or her everyday activities. Both of these options can involve considerable expense to the senior. As a result, care should be taken to claim every tax deduction available in these situations to help abate the costs.

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