Resources For Older Adults During these times of heightened stress, we all need support. The National Council on Aging provides much-needed information to elders to help them deal with the problems that they confront daily. Here are some relevant and useful links: Retirement Insecurity during COVID Financial Assistance for Home Improvement for Older Adults Seniors Read More
The Hidden Dangers of Joint Accounts
The Hidden Dangers of Joint Accounts Many people believe that joint ownership of bank accounts and real estate are an effective way to avoid probate and transfer money to loved ones. But while joint accounts can be useful in certain circumstances, they can have dire consequences if not used properly. Adding a loved one to Read More
Nebraska Homestead Exemption
Nebraska Homestead Exemption — Nebraska’s Homestead Exemption provides relief from real estate property taxes by exempting all or a portion of the valuation of a home from taxation. The State of Nebraska reimburses the counties and governmental subdivisions for taxes lost due to homestead exemptions. The percentage of relief is based on the applicant’s income Read More
What Long Term Care Benefits Does the VA Pay For?
What Long Term Care Benefits Does the VA Pay For? — The VA has a benefit called the Veteran’s Improved Pension, commonly known as the VA Aid & Attendance Benefit. In order to qualify for the Veteran’s Pension Benefit, the veteran must not have been dishonorably discharged, must have served at least 90 days active Read More
Reverse Mortgage Primer
Reverse Mortgage Primer — The Government’s Redesigned Reverse Mortgage Program Introduction Accessing home equity will become increasingly important in a world where retirement needs are expanding , people are living longer and face rapidly rising health care costs – and the retirement system is contracting . Social Security replacement rates are declining, and employer-funded pensions Read More
New Illinois Law on “Presumptively Void” Bequests to Non-Family Caregivers
New Illinois Law on “Presumptively Void” Bequests to Non-Family Caregivers Illinois adopted a new law, Public Act 098-1093, effective on January 1, 2015 that assigns a “presumptively void” status to bequests made to non-family caregivers, if the transfer would take effect upon the death of the cared-for person. The law applies only to post-effective date Read More
Telephone Scams Preying on Vulnerable Adults
Telephone Scams Preying on Vulnerable Adults Criminals use clever schemes to defraud millions of innocent people, often employing sophisticated technology and reinventing age-old scams that pressure people to make snap decisions that prey on a person’s sympathies and vulnerabilities. Persons with disabilities and their family members often become unwitting targets of financial predators. The Federal Read More
New HHS Website for Elders
New HHS Website for Elders More than 10,000 people turn 65 every day in the United States, and people are living longer, healthier lives. Healthy lifestyles, planning for retirement, and knowing your options for health care and long-term care are more important than ever before. As part of the 2015 White House Conference on Aging, Read More
Planning for Families Supporting Adults with Lifelong Disabilities
Planning for Families Supporting Adults with Lifelong Disabilities Parents who take time to plan while they still have the health, time, and energy to do so gain not only great peace of mind for themselves but also show care for the rest of their family. In these situations, planning is more than just a will Read More
Protection of Retirement Accounts from Creditor Claims
Protection of Retirement Accounts from Creditor Claims Nebraska law generally protects pension, profit-sharing, and similar retirement accounts from claims of creditors in bankruptcy and judgment creditors to the extent the funds contained therein are reasonably necessary for the support of the debtor or any dependent of the debtor. While Nebraska does not have a statute Read More