Research by the American College of Financial Services sheds light on the need for improvements in retirement financial literacy. The overall retirement income literacy score was just 31 percent — a failing grade.
My father had a will drawn up in the state of New York. He passed away in 2020, and I was a beneficiary. He died in Tennessee, was remarried in 2015, but never changed his will prior to his second marriage. How do I find out any information on his New York State will or any information of his death, and also whether he had assets in Tennessee?
When someone struggles to assert their needs or feels confused by the health care system, patient advocates can provide crucial support. Championing the patient’s best interests, a health care advocate works to ensure that the patient receives appropriate care.
To qualify for Medicaid, you must have limited income and assets (in most states, no more than $2,000 in your name). If you have more than that, you may find yourself havingto “spend down” your extra assets to meet the $2,000 limit.
My mother quitclaimed her Georgia home to me when she moved into assisted living and made me POA. I sold the property 6 months later. My home is in Ohio. Will I have to pay capital gains on her property?
I cared for my mother until she needed to go into a nursing home paid for by Medicaid benefits. I sold her house and spent the proceeds ($25,000) without knowing it should go to the nursing home. Will she be evicted?
I am a health care POA for my mother who is in a nursing home and applying for Medicaid. Can I sign the application without a financial POA? If I sign the Medicaid application, will I be liable to reimburse Medicaid?
Under a new Medicare Prescription Payment Plan starting in 2025, all Medicare prescription drug plans, including Medicare Advantage plans, will offer enrollees the option to spread out their prescription drug out-of-pocket costs over 12 months.