Blog Archives

The Dreaded Diagnosis – Part 2

       In my blog post last week I was discussing the answer to the question “when is the right time to plan for long term care.”  I also noted that we are seeing more people dealing with long term care at a younger age, often in their 50’s and 60’s – and sometimes […]

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Raising a Grandchild (Part 2)

       In last week’s post I focused on an increasingly common family arrangement in which -for several different reasons – grandparents who expected to retire and live a more leisurely lifestyle instead find themselves caring for their grandchildren.        This often starts as a temporary solution but over time becomes a […]

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Irrevocable vs. Revocable Trusts – Is One Better than the Other? (Part 2)

                Last week I explained that the initial reaction to irrevocable trusts vs. revocable ones is generally negative.  People perceive there to be a loss of control or really a loss of the use of the funds transferred to irrevocable trusts.  But, is that really true?                 No, it isn’t because irrevocability is not synonymous […]

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College and Long Term Care – ??? #LongTermCare

            I was reading the most recent Consumer Reports magazine cover story on the cost of college and how it is impoverishing young people who are borrowing huge amounts to pay exorbitant tuition bills and graduating with debt into six figures that they can’t pay on the salaries they are earning in their new careers. […]

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When Protecting Assets Beware of Capital Gains Tax (Part 2)

             Last week I told you that when protecting assets from the cost of long term care or from an estate tax when you pass away, there is another tax – capital gains tax – to be aware of and I explained how the tax is calculated.  This week let’s look at a few more […]

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When Protecting Assets Beware of Capital Gains

         When we get calls with questions about how to protect assets from being spent towards long term care #longtermcareplan or how to protect an estate by minimizing or eliminating an estate tax the focus is limited to the value of the asset.  In the case of asset protection a typical fear is that Mom does […]

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